CAIRO - 10 May 2023: During the current week, Engineer Tarek El-Molla, Minister of Petroleum and Mineral Resources, announced the start of the implementation of the silicon production complex project in the new city of El Alamein, which is one of the most important national and strategic projects for the petroleum and mineral wealth sector.
This comes within the framework of the vision to achieve optimal economic benefit from natural and mineral resources, while the following is the most important information related to the project:
1- The project is a model for partnership between the state and the private sector in establishing new industries to exploit mineral resources with national investments, as an alternative to exporting these resources in their raw form, which enhances the added value and return of these resources to the Egyptian economy.
2- The structure of the shareholders in the new project for the petroleum and mineral wealth sector includes the Egyptian Petrochemical Holding Company, the Egyptian General Authority for Mineral Resources, the Egyptian Company for Mineral Resources, and the Ministry of Public Business Sector represented by the Holding Company for Metallurgical Industries and the Egyptian Company for Ferroalloys, in partnership with Ibda Company for Project Development The arm of the National Initiative for the Development of Egyptian Industry, "Ibda'", and each of Libra Capital and Central Desert Mining Company.
3- The project is to be established on an area of 200 acres in the land of the Egyptian Petrochemical Holding Company in the new city of El Alamein.
4- It aims to provide a locally made product of silicone and its derivatives instead of importing it.
5- The project includes 4 different phases, where the detailed feasibility study for the first phase has been completed, which aims to produce metallic silicon with a production capacity of 45 thousand tons per year and an investment cost estimated at about $172 million, depending on the urtla-pure Egyptian quartz ore instead of exporting it as raw material abroad.
6- It will meet the needs of the local market by replacing imports of this substance, which is used in many industries and applications, such as the manufacture of aluminum and silicone derivatives from polysilicon and intermediate silicones.
7- In the second phase, it is planned to establish a project for the production of silicone derivatives “intermediate silicones”, which are used in the manufacture of insulation materials, building and construction materials, rubber, medical uses, paper, etc.
8- The third phase aims to establish a factory for the production of polysilicon with an initial production capacity of 10,000 tons annually, which is used in the electronics industry and the solar cell industry, as the electronic chip industry in the global technology sector in the world depends on polysilicon, as well as to keep pace with the increasing expansion of energy projects. It is planned to implement the fourth phase of the complex for silicon and its derivatives through the establishment of a complex for small and medium industries to produce final products that are imported from abroad, such as insulating materials, adhesives, binders and rubber.
9- It is planned to be fed with electrical energy produced from renewable sources such as solar energy. It should be noted that it is in line with the global trend towards the use of renewable energies and in line with the general policies of the Egyptian state.
10- The project will be established using the EPC+FINANCE system to procure the financing necessary for its implementation through the general contractor for the project, in a way that does not place any financial burdens or obligations on the shareholders.