Silicone Complex Established in Egypt: Boosting Industrial Development

Egypt has launched a new silicon production project through the implementation of a complex in the new city of El Alamein, which is of great importance in supporting the mining sector of the country and its operation using solar energy.

Minister of Petroleum and Mineral Resources Tariq Al-Mulla announced the start of the implementation of a new complex, which is in line with the concept of achieving optimal economic benefits from the country’s natural and mineral resources, the ministry said in a statement.

Al-Mulla explained that the Egyptian silicon complex project is a model of partnership between the state and the private sector in the development of minerals with national investment, rather than exporting them in their raw form, i.e. which increases added value and revenues, according to what was seen by the specialized energy platform.

During the founding meeting of El Alamein Silicon Products Company, the Egyptian Minister of Petroleum said that the state would provide the necessary support for the rapid implementation of the first stages of the project, stressing the need for a concerted effort between the public and private sector project partners to overcome any obstacles.

Minister Tariq Al-Mulla said the project is of particular importance to the state in light of its high economic feasibility and its entry into new industrial areas that Cairo is seeing for the first time, such as the production of this important oil and its derivatives, according to what the Specialized Energy Platform has tracked. .

In addition to the minerals sector, the shareholders of the new project include the Egyptian Petrochemical Holding Company, the Egyptian Mineral Resources General Authority, the Egyptian Mining Resources Company, the Ministry of Public Business Sector and the Iron and Steel Industry Holding Company. Associated industries and the Egyptian Ferroalloy Company.

The silicon production complex project is also being carried out in partnership with Ibdaa to develop the project, which is the investment arm of the Ibdaa National Industrial Development Initiative of Egypt, in addition to the two companies Libra Capital and Wasat Al-Sahara Mining.

The new complex meets the needs of the local market by displacing the import of silicon, which is used in many industries and applications, such as the production of aluminum, silicon derivatives of polysilicon and silicone intermediates, provided that the surplus is exported abroad.

Source: Energy Platform

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