Dr. Mostafa Madbouly, Prime Minister, witnessed this morning, in the Chinese capital, Beijing, the signing ceremony of a framework agreement for the Suez Canal Economic Zone with China Energy Company for the production of green fuel, and the signing of a memorandum of understanding between the Suez Canal Economic Zone and United Energy Company for the production of potassium chloride. Margin of the high-level Egyptian participation in the work of the third session of the Belt and Road Forum for International Cooperation on behalf of President Abdel Fattah El-Sisi, President of the Republic.
The Prime Minister also witnessed the signing of a memorandum of understanding between the Suez Canal Economic Zone and Song Yu, Executive Director of United Energy, with the aim of investing in the establishment and development of a potassium chloride production complex that will take place in three phases, starting with the experimental phase of producing 100,000 tons of potassium chloride, during which operation will take place. Through renewable energy stations with a capacity of 150 megawatts to provide the project with green energy to produce 4.1 million tons of potassium chloride, and to operate it with renewable energy stations with a capacity of 6.1 gigawatts, with an expected investment amounting to 8 billion dollars. It was also agreed to export 20% of the project’s production to the market. local to meet his needs.