SCZone Launches $15.9 Million Treegas Project in Sokhna
Deal News | Apr 29, 2025 | Zawya
The Suez Canal Economic Zone (SCZone) has inaugurated the Treegas project, a composite liquefied petroleum gas (LPG) cylinder manufacturing plant, in the Sokhna Industrial Zone. The project accounts for a total investment of $15.9 million and will be developed in two phases. Phase one, with an investment of $14 million, will see the construction of a factory capable of annually producing 500,000 composite LPG cylinders using cutting-edge technology aligned with global standards. This phase will also spawn 250 direct job opportunities and establish the necessary operational infrastructure. The second phase, with a $7 million investment, is dedicated to assembling gas pressure regulators and valves, furthering the localization of these crucial manufacturing technologies. This venture is a joint effort between Egypt's Treegas and the Czech company HPCResearch, supported by local entities like EBDAA Egypt, Petrogas, and Botagasco, along with private investors.
Sectors
- Energy
- Manufacturing
Geography
- Egypt – The Treegas project is located in the Sokhna Industrial Zone, part of the Suez Canal Economic Zone in Egypt.
- Czech Republic – HPCResearch, a significant partner in the Treegas project, is a company based in the Czech Republic.
Industry
- Energy – The primary focus of the Treegas project is on manufacturing liquefied petroleum gas (LPG) cylinders, which positions it within the energy sector.
- Manufacturing – The Treegas project's establishment of a factory for producing LPG cylinders and related components highlights its role within the manufacturing industry.
Financials
- 15.9 million – Total investment in the Treegas project.
- 14 million – Investment for the first phase of the Treegas project.
- 7 million – Investment for the second phase of the Treegas project.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| SCZone | Initiator | Government | The Suez Canal Economic Zone is the governmental body launching the Treegas project. |
| Treegas | Joint Venture Partner | Company | Egyptian company involved in the Treegas project. |
| HPCResearch | Joint Venture Partner | Company | Czech company collaborating in the Treegas project. |
| EBDAA Egypt | Contributor | Company | Local company contributing to the Treegas project. |
| Petroleum Gas Company (Petrogas) | Contributor | Company | Local company involved in the Treegas project. |
| Egyptian Company for Gas Transportation and Delivery (Botagasco) | Contributor | Company | Local company supporting the Treegas project. |