Egypt's Sidpec to Launch Hydrogen-Powered Plant and Sodium Cyanide Facility
Key Ideas
- Sidpec plans to establish a 14-megawatt hydrogen-powered plant by 2025, utilizing hydrogen as a by-product to reduce fuel costs.
- Korra Energi is in negotiations for a $16 million investment to implement the project.
- Additionally, a sodium cyanide production facility is to be set up in a special free zone, aiming for an annual production capacity of 50,000 tons for export.
- The new projects aim to support strategic industries like mining and pharmaceuticals, boosting Egypt's petrochemical sector.
Egypt's Sidi Kerir Petrochemicals Company (Sidpec) is set to venture into renewable energy with the establishment of a 14-megawatt hydrogen-powered plant by 2025. The project, backed by Korra Energi, aims to utilize hydrogen generated as a by-product of Sidpec's operations, offering a green alternative to natural gas at the Sidi Kerir complex. Alongside the hydrogen initiative, Sidpec has inked a deal for a sodium cyanide production facility within a special free zone, with a projected 50,000 tons annual export capacity. This move is bolstered by the formation of Draschem, a specialized chemicals company with a substantial capital investment. The projects not only mark a strategic shift towards renewable energy but also hold the potential to invigorate Egypt's petrochemical sector, supporting key industries such as mining and pharmaceuticals. Sidpec's diversification efforts into hydrogen and sodium cyanide production showcase a commitment to sustainable practices and economic growth.