Delta Sugar Invests $2m in JV with Egyptian Petrochemicals Holding Company
BioRefineries/Renewable Fuel Production, Business News/Analysis, Eqypt, Feedstocks, Field/Orchard/Plantation Crops/Residues, Funding/Financing/Investing
September 5, 2019
(Mubasher/Zawya) Delta Sugar’s board of directors approved contributing 5% to the Egyptian Petrochemicals Holding Company’s (ECHEM) facility for producing bioethanol from molasses. The sugar manufacturing company will contribute $2 million to the project’s capital cost, according to a statement to the Egyptian Exchange (EGX) on Tuesday.
Such amount will be paid over a period of two years, the statement added. READ MORE