Egypt’s petrochemical and fertilizer exports jumped by 45% year-on-year (YoY) to around $6.7 billion in 2021, the Egyptian Minister of Petroleum and Mineral Resources, Tarek El-Molla, said.
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This announcement was made during the general assembly meeting to approve the Egyptian Petrochemicals Holding Company’s planning budget for fiscal year 2022/2023.
El-Molla said that Egypt is currently implementing a number of value-added projects, including the petrochemical complex in the Suez Canal Economic Zone and Al Alamein Petrochemicals Complex, to supports the petrochemical industry.
