Arab Finance: Chemical Industries Holding Company (CIHC), Misr Chemical Industries, and Cadence Energy and Engineering Consultancy inked a shareholders’ agreement to establish an Egyptian joint stock firm to establish, manage, and operate a chlorine granules production plant, according to a filing sent to the Egyptian Exchange (EGX) on June 25^th.

The Egyptian joint stock company will hold the name Pure Dive, and it will be responsible for establishing, managing, and operating a factory to produce chlorine granules for disinfection and killing of bacteria and viruses.

The project will be built on an area of 15,000 square meters within 18 to 24 months at an estimated investment cost of EGP 1.3 billion.

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