{"id":6019,"date":"2025-02-22T15:33:35","date_gmt":"2025-02-22T12:33:35","guid":{"rendered":"https:\/\/investn24.com\/?p=6019"},"modified":"2025-02-22T15:33:35","modified_gmt":"2025-02-22T12:33:35","slug":"shard-capital-partners-llp-leads-landmark-investment-alliance-to-establish-egypts-first-petrochemical-complex-in-new-alamein","status":"publish","type":"post","link":"https:\/\/investn24.com\/?p=6019","title":{"rendered":"Shard Capital Partners LLP leads landmark investment alliance to establish Egypt\u2019s first petrochemical complex in New Alamein\u00a0"},"content":{"rendered":"<div style=\"text-align: left;\"><\/div>\n<div style=\"text-align: left;\"><\/div>\n<div style=\"text-align: left;\">With investment of $7 billion, and 20,000 jobs Opportunity<\/div>\n<div style=\"text-align: left;\"><\/div>\n<div style=\"text-align: left;\"><\/div>\n<div style=\"text-align: left;\">\u00a0Shard Capital Partners LLP, in collaboration with UAE-based Royal Strategic Partners and Saudi Arabia\u2019s Al-Qahtani Group, has announced the signing of a Framework Agreement with Egypt\u2019s Ministry of Petroleum and Ministry of Investment to develop a ground-breaking petrochemical complex in the industrial zone of New Alamein City.<\/div>\n<div style=\"text-align: left;\"><\/div>\n<div style=\"text-align: left;\">In addition, Shard Capital is having initial discussions with Orascom Construction for the investment in the construction and operation of the complex outside battery limits on a Build Own and Operate basis.<\/div>\n<div style=\"text-align: left;\"><\/div>\n<div style=\"text-align: left;\">The project, with an estimated investment of $7 billion, is set to create 20,000 jobs during the construction phase and 3,000 permanent positions upon operation, supporting Egypt\u2019s economic development through job creation.<\/div>\n<div style=\"text-align: left;\"><\/div>\n<div style=\"text-align: left;\">This transformative venture will bolster Egypt\u2019s local economy, enhance Egyptian expertise in the petrochemical sector, and strengthen strategic ties between Egypt, the Gulf countries, and the United Kingdom. It aims to contribute to sustainable development while boosting Egypt\u2019s global industrial competitiveness.<\/div>\n<div style=\"text-align: left;\"><\/div>\n<div style=\"text-align: left;\">The project will establish an integrated complex with a production capacity of approximately 3.1 million tons annually of eight specialized petrochemical products. Using crude oil as its primary feedstock, the facility will include a refinery, and a mixed steam cracker unit designed to achieve one of the highest global conversion rates.<\/div>\n<div style=\"text-align: left;\">This state-of-the-art complex represents a transformative step for the industry by employing cutting-edge global technologies to maximize production efficiency and convert crude oil into high-value end products. Additionally, it will significantly enhance Egypt\u2019s export capabilities in the petrochemical sector, playing a pivotal role in driving economic growth and strengthening global market position.<\/div>\n<div style=\"text-align: left;\">The complex will rely on the most advanced American and European technologies, including solutions provided by Honeywell and other leading global companies, ensuring maximum efficiency and sustainability while reducing waste and carbon emissions.<\/div>\n<div style=\"text-align: left;\">William Blain, Capital Markets Advisor at Shard Capital Partners LLP, said: \u201cSigning this agreement marks a historic milestone for Shard Capital LLP and reflects our deep commitment to advancing Egypt\u2019s petrochemical sector. We are proud to be part of this critical project that will revolutionize the industry by leveraging cutting-edge American and European technologies to ensure maximum efficiency in converting raw materials into specialized petrochemicals while delivering exceptional returns for both the complex and Egypt.\u201d<\/div>\n<div style=\"text-align: left;\">He added:<\/div>\n<div style=\"text-align: left;\">\u201cWe are committed to implementing the highest environmental sustainability standards and minimizing carbon emissions. Our ongoing collaboration with U.S. partners on blue hydrogen production feasibility studies represents a step toward a more sustainable future.\u201d<\/div>\n<div style=\"text-align: left;\">Toby Raincock, CEO of Shard Capital Partners LLP, concluded: \u201cThrough close cooperation with our esteemed partners in the UAE and Kingdom of Saudi Arabia along with the support of the Egyptian government. This complex will enhance Egypt\u2019s industrial capabilities, open new export markets, create extensive job opportunities, and drive economic development across the region.<\/div>\n<div style=\"text-align: left;\">\u201cIn addition, our legal team, headed by Yasser Hashem, Managing Partner of Zaki Hashem Attorneys, and assisted by Nour Ossama, Senior Associate, has been instrumental in getting us to this point and receives our heartfelt thanks.\u201d<\/div>\n","protected":false},"excerpt":{"rendered":"<p>With investment of $7 billion, and 20,000 jobs Opportunity \u00a0Shard Capital Partners LLP, in collaboration with UAE-based Royal Strategic Partners and Saudi Arabia\u2019s Al-Qahtani Group, has announced the signing of a Framework Agreement with Egypt\u2019s Ministry of Petroleum and Ministry of Investment to develop a ground-breaking petrochemical complex in the industrial zone of New Alamein<\/p>\n","protected":false},"author":10,"featured_media":6017,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-6019","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-english-news"},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/investn24.com\/index.php?rest_route=\/wp\/v2\/posts\/6019","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/investn24.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investn24.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/investn24.com\/index.php?rest_route=\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/investn24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6019"}],"version-history":[{"count":1,"href":"https:\/\/investn24.com\/index.php?rest_route=\/wp\/v2\/posts\/6019\/revisions"}],"predecessor-version":[{"id":6020,"href":"https:\/\/investn24.com\/index.php?rest_route=\/wp\/v2\/posts\/6019\/revisions\/6020"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investn24.com\/index.php?rest_route=\/wp\/v2\/media\/6017"}],"wp:attachment":[{"href":"https:\/\/investn24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6019"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investn24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6019"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investn24.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6019"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}