Befar Group Lays Foundation Stone for $500M Green Chemical Plant in Egypt
Deal News | Apr 16, 2025 | Zawya
Egypt's Suez Canal Economic Zone (SCZone), led by Chairman Walid Gamal El-Din, has initiated the construction of a groundbreaking chlor-alkali plant by China's Befar Group. This $500 million green chemical facility, set in the Sokhna Industrial Zone, marks a significant development in sustainable chemistry within Egypt and globally. Spanning 400,000 square meters in the TEDA-Egypt industrial area, the plant will unfold in two phases. The initial phase, covering 200,000 square meters and costing $300 million, is slated for completion in 18 months, driven by clean energy sources and generating approximately 800 jobs. The plant is expected to play a pivotal role in localizing strategic industries and enhancing sectors like mineral extraction from seawater and bromine production.
Sectors
- Chemical Manufacturing
- Renewable Energy
- Industrial Development
Geography
- Egypt – The project is located in Egypt, marking a significant industrial advancement in the country.
- China – Involvement of China's Befar Group in building the plant highlights key international collaboration.
Industry
- Chemical Manufacturing – The article focuses on the construction of a chlor-alkali plant, a key segment of the chemical manufacturing industry.
- Renewable Energy – The plant harnesses clean energy sources, aligning with the renewable energy sector.
- Industrial Development – The project contributes to industrial development in Egypt's Sokhna Industrial Zone.
Financials
- $500 million – Total investment for constructing the green chemical plant.
- $300 million – Cost of the first phase of the plant covering 200,000 square meters.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| General Authority for the Suez Canal Economic Zone (SCZone) | Initiator/Developer | Government | The SCZone is responsible for economic development in the Suez Canal area and oversees the project's implementation. |
| Walid Gamal El-Din | Chairman of SCZone | People | Chairman of SCZone who led the foundation stone ceremony for the new plant. |
| Befar Group | Developer | Company | A Chinese company investing in the plant to bring advanced green chemical technology to Egypt. |