Egyptian Prime Minister Mostafa Madbouly met with TCI Sanmar Petrochemical Chairman BS Jayaraman, and the company’s Deputy Chairman Vijay Sankar to discuss future investments in Egypt, the Cabinet announced.

The meeting was attended by the Egyptian Minister of Petroleum Tarek El Molla and a business delegation from the Indian company.

Madbouly praised the company’s investments in Egypt, pointing out its strong contribution to the Egyptian economy.

Meanwhile, Jayaraman reviewed the company’s work in Egypt, highlighting its industrial plant in Port Said, which produces three main petroleum products, polyvinyl chloride (PVC), caustic soda, and calcium chloride.

Jayaraman pointed out the company’s desire to establish an electricity generating plant to meet its electricity needs, in addition to establishing a loading, unloading, and exporting ethanol port at Gameel area in Port Said.

Meanwhile, El Molla praised the Indian firm’s business in Egypt, pointing out its keenness to expand investments in the Egyptian market. He affirmed that the Egyptian government is keen to build strong relations between TCI Sanmar Petrochemical and the Egyptian Petrochemicals Holding Company (ECHEM).