China may be gearing up for increased investment in Egypt's industrial sector as Befar Group, a China-based chemicals manufacturer, is considering the construction of a USD 2 billion industrial complex in East Port Said. A letter of intent was signed with the Suez Canal Economic Zone (SCZone) last week, as stated in an official SCZone announcement. The project's initial phase, estimated at USD 500 million, will rely on solar and wind energy for power and is projected to generate around 1,000 jobs. However, the manufacturing capacity of the project has not been disclosed by the SCZone. This move is part of a broader trend of collaboration between the SCZone and China. In October, during China's Belt and Road Forum, the SCZone entered into agreements with Chinese companies, totaling USD 14.75 billion, focusing on green manufacturing and green energy investments. These agreements encompass various initiatives, such as a new green hydrogen plant, a potassium chloride facility, as well as the establishment of glass, bromine, and iron pipe factories. #Egypt #China #Economy
Ahmed Kilany’s Post
More Relevant Posts
-
#Investments_News #BTR's subsidiary, BTR Mediterranean New Material Technology are strategically expanding their lithium battery cathide material operations. They plan to sign an 'Investment Agreement' with the Kingdom of Morocco to establish a project company through BNUO Company for the investment and construction of a lithium battery cathide material with an anual production capacity of 50,000 tons in Morocco. The total planned investment for the project is expected not to exceed RMB 3.535 billion. The project will be implemented on the land located in Tangier Technopark City, Tangier Province (Tangier-Tetouan-Hoceima Region), Morocco. It involves the establishment of a cathode material manufacturing plant with a productio capacity of 50,000 tons per year, to be carried out in phases. Against the backdrop of the continuous development in the new energy vehicle industry, and aiming to better serve customers, meet market demands, expand overseas market share, and enhace the company's market share and overall competitiveness in cathode materials, the company intends to invest in and construct cathode material production capacity in the Kingdom of Morocco. Source : BTR China Website (https://lnkd.in/e5jvzzaW) BTR Mediterranean New Material Technology BTR New Material Group Co., Ltd. #Morocco #investment #InvestInMorocco #MoroccanEconomy #Industry #renewable_energy #investment_opportunities #Africa #tangermed #Casablanca #tangerfreezones #market #capital #investment_destination #tanger
To view or add a comment, sign in
-
"The main goal of the countries of the #PersianGulf is to sell #hydrocarbon resources to #China, #India and #Europe." ⚡ 🔋 💡 Experts talk about the importance of hydrocarbon in the #GlobalMarket for #CentralAsia and how #CASA1000 project could be a game-changer for the region. #GreenEnergy #electricity #trade #Uzbekistan #ESG #DaryoNews
To view or add a comment, sign in
-
𝗟𝗮𝗿𝗴𝗲 𝗟𝗡𝗚 𝗖𝗮𝗿𝗿𝗶𝗲𝗿 𝗠𝗮𝗿𝗸𝗲𝘁 𝟮𝟬𝟮𝟰-𝟮𝟬𝟯𝟮. 𝗚𝗹𝗼𝗯𝗮𝗹 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁 The global landscape of Large LNG Carrier manufacturing is dominated by key players, namely Hanwha Ocean, HHI, Samsung Heavy, Hudong-Zhonghua Shipbuilding, and China Merchants Group, collectively commanding over 93% of the market. Hanwha Ocean stands out as the industry leader, securing a substantial 32% market share. Europe takes the lead as the largest market, holding a significant 30% share, followed by North America and the Asia Pacific with shares of approximately 21% and 20%, respectively. Notably, Large LNG Carriers with a capacity of 100,000 CBM and above account for a staggering 96% of the total market share. The primary applications revolve around leasing, followed closely by personal use. The comprehensive report delves into the industry chain's evolution, the market status of various product types and applications, and scrutinizes key enterprises in both developed and developing markets. Additionally, it provides a thorough analysis of cutting-edge technologies, patents, applications, and market trends within the Large LNG Carrier sector. Regionally, North America and Europe are on a trajectory of steady growth, propelled by government initiatives and heightened consumer awareness. Meanwhile, the Asia-Pacific region, particularly China, spearheads the global Large LNG Carrier market, driven by robust domestic demand, supportive policies, and a robust manufacturing infrastructure. 𝗧𝗼 𝗞𝗻𝗼𝘄 𝗙𝘂𝘁𝘂𝗿𝗲 𝗦𝗶𝘇𝗲 𝗮𝗻𝗱 𝗗𝗲𝗺𝗮𝗻𝗱 𝗼𝗳 𝗟𝗮𝗿𝗴𝗲 𝗟𝗡𝗚 𝗖𝗮𝗿𝗿𝗶𝗲𝗿 𝗠𝗮𝗿𝗸𝗲𝘁. 𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗳𝗼𝗿 𝗥𝗲𝗽𝗼𝗿𝘁 𝗦𝗮𝗺𝗽𝗹𝗲 𝗣𝗗𝗙: https://lnkd.in/dNVDtqnT *𝗕𝘆 𝗧𝘆𝗽𝗲: Below 100,000 CBM, 100,000 CBM and above *𝗕𝘆 𝗔𝗽𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻: Personal Use, Lease *𝗕𝘆 𝗥𝗲𝗴𝗶𝗼𝗻: North America, Europe, Asia-Pacific, South America, Middle East & Africa *𝗕𝘆 𝗞𝗲𝘆 𝗣𝗹𝗮𝘆𝗲𝗿𝘀: Hanwha Ocean, HHI , Samsung Heavy Industries, Hudong Zhonghua Shipbuilding (group) Co., Ltd., China Merchants Group, Mitsubishi Heavy Industries #LargeLNGCarrier #LNGShipping #MaritimeIndustry #GlobalManufacturers #HanwhaOcean #HHI #SamsungHeavy #HudongZhonghuaShipbuilding #ChinaMerchantsGroup #MarketShare #EuropeMarket #NorthAmericaMarket #AsiaPacificMarket #ProductType #Application #Lease #PersonalUse #IndustryChain #TechnologyTrends #Patents #MarketAnalysis #GlobalTrade #ShippingIndustry #EnergyTransportation #LNGMarket #IndustryInsights
To view or add a comment, sign in
-
Environmental, Sustainability & ESG at TotalEnergies | Member of the Water Tribunal | Executive Director - The Ubusha Foundation (NPO) | MBA Candidate
The halt of gas supplies to South Africa will have dire consequences as the resource is estimated to support as many as 70,000 jobs and contributes up to R500-billion a year to the domestic economy. Gas is used by industries including steel, chemicals, glass, food and others in Gauteng, Free State, KwaZulu-Natal and Mpumalanga. A Day Zero — a situation in which South Africa runs out of gas — will also impact individuals and businesses, which represents industrial gas users such as Consol Glass, Illovo, Nampak, Mondi, ArcelorMittal, South32, South African Breweries and Coca-Cola.
To view or add a comment, sign in
-
Environmental, Sustainability & ESG at TotalEnergies | Member of the Water Tribunal | Executive Director - The Ubusha Foundation (NPO) | MBA Candidate
The halt of gas supplies to South Africa will have dire consequences as the resource is estimated to support as many as 70,000 jobs and contributes up to R500-billion a year to the domestic economy. Gas is used by industries including steel, chemicals, glass, food and others in Gauteng, Free State, KwaZulu-Natal and Mpumalanga. A Day Zero — a situation in which South Africa runs out of gas — will also impact individuals and businesses, which represents industrial gas users such as Consol Glass, Illovo, Nampak, Mondi, ArcelorMittal, South32, South African Breweries and Coca-Cola.
South Africa has ‘four months’ to avoid a natural gas Day Zero as Sasol supply crisis looms
dailymaverick.co.za
To view or add a comment, sign in
-
In Senegal, the LA SOCIETE AFRICAINE DE RAFFINAGE refinery is being upgraded as part of attempts to increase production, cut imports, and promote economic growth. SAR has identified three significant problems associated with the refinery transition and will discuss how the business is addressing these challenges at the AEC African Energy Week conference this 16- 20 October 2023. Read more ⬇ : https://lnkd.in/d9HwY-6c #AEW2023 #EconomicGrowth #EnergyTransition
Senegal’s SAR to Lead Refinery Technical Session at AEW 2023
https://aecweek.com
To view or add a comment, sign in
-
The Eurasian Development Bank will finance the conversion of #Almaty Combined Heat and #Power Plant 3 (Almaty #CHP-3) from a coal-fired facility to one powered by natural gas. Today, the #EDB and Almaty Power Plants (ALES) signed an agreement to enhance the facility’s capacity and flexibility through the installation of a 500 MW combined-cycle unit. ▫️Once reconstructed, the modernised #plant will generate both #heat and #electricity. Ruslan Dalenov, Vice Chairman of the EDB Management Board, highlighted that this initiative is part of the Bank’s investment mega-project to develop the #water and #energy complex in Central Asia (https://lnkd.in/eGqRUvTb ) and aligns with all #sustainability principles. ▫️To finance the conversion of CHP-3, ALES will issue sustainability-linked #bonds on the Astana International Exchange - AIX International Exchange. ▫️ALES’s inaugural sustainability-related bond programme, valued at up to KZT 236.8 billion, was registered in September 2023, with Sky Bridge Invest serving as the underwriter, and is the largest #ESG bond issuance in Central Asia. ▫️ In 2021, the Eurasian Development Bank issued green and social bonds for a total of KZT 40 billion.
To view or add a comment, sign in
-
🌐 ICA-Finance AS is proud to partner with Sanoat Energetika Guruhi (Saneg) and Vema Carbon in achieving significant #methane reductions in Uzbekistan. Our joint efforts are driving substantial #environmental and operational improvements. Learn more here 👉 #climateaction #climatefinance #emissionreduction
Plugging the gap: How one company is wrestling with ageing fields to combat methane leaks and help ease fast-growing former Soviet republic’s energy demands
upstreamonline.com
To view or add a comment, sign in
-
New AHC submission! We recently responded to the Department of Industry, Science and Resources' consultation on Future Made in Australia: Unlocking Australia's Green Iron, Steel, Alumina and Aluminium Opportunity. We support the FMIA focus on both green metals and low carbon liquid fuels as demand side initiatives and see them as being matched with the Hydrogen Production Tax Incentive to simultaneously support demand and supply for priority industries. Hydrogen has a strong role to play in green metals, particularly in the production of iron and alumina. The FMIA investment into decarbonising and maintaining existing Australian metals processing facilities can contribute to the expansion and diversification of Australian exports and increase Australia’s sovereign manufacturing capability. Through this submission, we explore the policy mechanisms and strategies that could be considered in establishing a green metals industry in Australia, including incentives focused on end users, the utilisation of government procurement levers, and the development of a carbon border adjustment mechanism that covers hydrogen and its derivatives. Read our submission here: https://lnkd.in/gb2S9zJF #H2au
To view or add a comment, sign in
-
🚧 The government of South Africa is aiming to become an important supplier of green hydrogen to the global economy over the coming decade. Investment in the necessary production, storage, transport and export facilities will boost construction activity. 💼 The government plans to develop a new port in the Northern Cape province to facilitate green hydrogen and strategic minerals trade. In August 2023, Maersk, Port of Rotterdam, Bouygues SA and Yapi Merkezi were among the key companies asked to submit construction and funding plans to South Africa’s Transnet National Ports Authority (TNPA) for a new USD2.6 billion deep-water port of Boegoebaai and associated rail links. ♻ Ample wind and solar power potential on South Africa’s arid west coast is expected to generate large amounts of renewable energy needed to produce green hydrogen for export to Europe and Asia. According to the government’s plans, Boegoebaai (located close to the Namibian border) will be the linchpin of South Africa’s green hydrogen production and export, enabling the country to reach its goal of a 4% global green hydrogen market share by 2050. Source: Industry Outlook 2024, Construction @ African export import Bank #Greenhydrogen #RenewableEnergy #Construction #Minerals #Trade #Infrastructure #Investment #Opportunities #SouthAfrica #Africa #TRADAR Please click on the link https://tradar.africa to register as a TRADAR Club member, to get this and more insights from our publications suite.
To view or add a comment, sign in