Misr Chemical Industries Company announced the signing of a financing contract for a chlorine tablet and granule production plant worth USD 21.8 million and EGP 255 million, representing 70.6% of the project’s investment cost.
The contract was signed between Pureadive Chemicals Production Company (the projects company), in which the Chemical Industries Holding Company and Misr Chemical Industries Company are shareholders, and the private sector company Cadence Energy, and a banking consortium comprising the Commercial International Bank (CIB) and the National Bank of Egypt (NBE).
The project, with an estimated investment cost of approximately $39 million, aims to produce 10,000 tons of chlorine tablets and granules (TCCA) and 10,000 tons of cyanuric acid, used in swimming pool development, water treatment, and sterilization, in addition to industrial applications in paper and textile processing.
The project also contributes to the production of 18,000 tons of anhydrous ammonium carbonate, which is a high-quality agricultural fertilizer, thereby supporting national agricultural production.
It is worth mentioning that in June 2023, an Egyptian company was established to produce chlorine granules with the participation of the Chemical Industries Holding Company and Cadinis Energy Company. The Egyptian Chemical Industry Company has a capital of one billion pounds, in which the Egyptian Chemical Industry Company contributes by 12% at a value of 120 million pounds.
