{"id":611127,"date":"2023-12-03T00:00:00","date_gmt":"2023-12-03T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/03\/chinas-befar-wants-to-build-usd-2-bn-chemicals-production-complex\/"},"modified":"2023-12-03T00:00:00","modified_gmt":"2023-12-03T00:00:00","slug":"chinas-befar-wants-to-build-usd-2-bn-chemicals-production-complex","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/03\/chinas-befar-wants-to-build-usd-2-bn-chemicals-production-complex\/","title":{"rendered":"China\u2019s Befar wants to build USD 2 bn chemicals production complex"},"content":{"rendered":"

China could be readying more investment in Egypt\u2019s industrial sector<\/strong>:<\/strong>China-based chemicals manufacturer Befar Group<\/a> could build a USD 2 bn industrial complex for producing specialty chemicals in East Port Said under a letter of intent inked with the Suez Canal Economic Zone (SCZone) last week, according to a SCzone statement<\/a>.<\/p>\n

The details:<\/strong> The first phase of the project is expected to cost USD 500 mn and will be powered by solar and wind energy. It will create about 1k jobs. The SCZone didn\u2019t disclose the manufacturing capacity of the project.<\/p>\n

SCZone and China are cozying up:<\/strong>The SCZone inked agreements for green manufacturing and green energy investments with Chinese companies worth a combined USD 14.75 bn<\/a> during China\u2019s Belt and Road Forum in October. These include a new green hydrogen plant and potassium chloride facility, in addition to glass, bromine, and iron pipe factories.<\/p>\n","protected":false},"excerpt":{"rendered":"

The complex will be powered by renewable energy sources and create 1k jobs<\/p>\n","protected":false},"author":1,"featured_media":611128,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7255],"tags":[11822,975,72,125,131,151,416],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-611127","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-manufacturing","tag-befar-group","tag-egypt-china-relations","tag-enterpriseam","tag-investment-watch","tag-manufacturing","tag-renewables","tag-suez-canal-economic-zone","wpautop","entry"],"acf":{"mongo_id":"bc2cc08d-2879-4009-8e35-ff06475c1b54","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/12\/12.jpg","photo_position":"above","homepage_title":"","full_issue_title":"China\u2019s Befar wants to build USD 2 bn chemicals production complex in Egypt","related_issue":[611116],"teaser":"The complex will be powered by renewable energy sources and create 1k jobs","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/12\/.a617cd85-3a6b-4aa5-baa3-21cd8740e16e.mp3"},"yoast_head":"\nChina\u2019s Befar wants to build USD 2 bn chemicals production complex - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2023\/12\/03\/chinas-befar-wants-to-build-usd-2-bn-chemicals-production-complex\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China\u2019s Befar wants to build USD 2 bn chemicals production complex\" \/>\n<meta property=\"og:description\" content=\"The complex will be powered by renewable energy sources and create 1k jobs\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/12\/03\/chinas-befar-wants-to-build-usd-2-bn-chemicals-production-complex\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-03T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/12.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" 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generate annual revenues of USD 230 mn","rel":"","context":"In "Manufacturing"","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1749.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":663875,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/04\/16\/chinas-befar-kicks-off-construction-on-usd-500-mn-green-chemical-plant-an-egypt-first\/","url_meta":{"origin":611127,"position":1},"title":"China\u2019s Befar kicks off construction on USD 500 mn green chemical plant \u2014 an Egypt first","author":"enterpriseam admin","date":"16 April 2025","format":false,"excerpt":"The USD 300 mn first phase will be completed within 18 months","rel":"","context":"In "Manufacturing"","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/4\/957.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":611060,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/30\/this-evening-sczone-inks-agreement-with-chinas-befar-group-for-a-usd-2-bn-green-chemical-complex-cabinet-signs-off-on-solar-projects\/","url_meta":{"origin":611127,"position":2},"title":"THIS EVENING: SCZone inks agreement with China\u2019s Befar group for a USD 2 bn green chemical complex + Cabinet signs off on solar projects","author":"enterpriseam admin","date":"30 November 2023","format":false,"excerpt":"Good afternoon friends, and HAPPY THURSDAY. We have some exciting news from our SCZone along with more renewable energy news as we welcome COP28. 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