Indian energy, industrial, and construction companies expressed interest in projects in the Suez Canal Economic Zone (SCZone) during an ongoing roadshow led by SCZone boss Walid Gamal El Din to the Indian capital, he said in a statement yesterday.

#1- Orascom + Flex PET agree to expand storage area in SCZone: Orascom Industrial Parks signed a contract with plastic manufacturer Flex PET for its storage area expansion in its industrial area near Sokhna, the zone said. The expansion is worth USD 120 mn. The SCZone board approved the project earlier this month. In April the company began construction on its USD 110 mn plastics plant, which will produce 30k tons of polyethylene a month and is expected to be fully operational by mid-2025.

#2- Talks with ACME over proposed green hydrogen plant: Clean energy company ACME could soon sign a framework agreement with Egyptian authorities for a proposed USD 12 bn green hydrogen plant in the SCZone. The plant would have an annual production capacity of 2.2 mn tons when fully operational, and would produce 100k tons a year in a pilot phase, according to the statement. An initial MoU for the plant was signed last August.

#3- Jindal Steel could turn to SCZone to manufacture green steel: Steel company Jindal Steel and Power wants to establish an environmentally-friendly iron and steel plant with a production capacity of 5 mn tons a year. The plant would be built over two phases and be powered using renewable energy sources such as green hydrogen, the SCZone said. It aims to make the zone a hub and export its products to foreign markets. The statement didn’t include a projected investment cost.

#4- Platinum Industries eyes PVC plant: Plastics producer manufacturer Platinum Industrieswants to establish a USD 10 mn PVC and CPVC factory at the zone, according to the statement. The plant would be built over two phases, and would export 70% of its output overseas.

#5- Sterlite Power wants to help keep the lights on at Sokhna: Indian power transmission developer Sterlite Powerwants to establish electricity transmission and distribution networks within the Sokhna zone.

#6- Shapoorji eyes SCZone for multiple projects: Construction giant Shapoorji Pallonji is interested in infrastructure projects at the SCZone, including water desalination plants.

Remember: This is the second SCZone roadshow in as many months. A number of Chinese companies expressed interest in investing hundreds of mns of USD in new projects in the zone during a roadshow last month. The SCZone’s roadshow has also been to Japan, the Netherlands, and Vietnam so far this year.

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