The Egyptian Bioethanol Company (EBIOL), a unit of the Egyptian Petrochemicals Holding Company (ECHEM), signed a long-term joint financing agreement worth $135 million with a banking consortium for a project in Damietta.

The Egyptian Petrochemicals Holding Company (ECHEM) injected total investments amounting to EGP 8.7 billion during the fiscal year (FY) 2024/2025, the chairman Ibrahim Mekki said.

Red Sea National Petrochemicals Company and China National Chemical Engineering Co., Ltd. (CNCEC) signed a non-binding framework agreement to implement a petrochemicals project in the Suez Canal Economic Zone (SCZone).

The Egyptian Petrochemicals Holding Company (ECHEM) and the General Authority for Investment and Free Zones (GAFI) have signed a framework agreement with the UK-based Shard Capital to establish a $7 billion petrochemical production complex in New Alamein.

The Egyptian Petrochemicals Holding Company (ECHEM) is planning to secure $700 million in financing from foreign banks.

The Egyptian Petrochemicals Holding Company (ECHEM) has appointed the private equity firm Compass Capital to sell the government’s 26% stake in the Egyptian Polypropylene and Polypropylene (EPP).