Egypt's Suez Canal Authority signs $2-B petrochemical complex deal
10/22/2025 9:00:00 AM
Egypt's Suez Canal Authority said on Wednesday it had signed a $2-B strategic partnership agreement with Anchorage Investments to establish a petrochemical complex in Ain Sokhna, Egypt.
The first phase of the project aims to primarily produce polypropylene along with hydrogen.
In a later phase, estimated to cost an additional $4.5 B, Anchorage Investments would add complementary plants to produce other petrochemicals mainly intended for exports.
The statement did not give further details on the partnership or a timeline for the project.
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