- September 5, 2024
- Posted by: Ahmed Abed
- Category: 2024, EN
Mr. Waleid Gamal El-Dien, Chairman of the General Authority of the Suez Canal Economic Zone (SCZONE), met with Mr. Yu Jiang, President of the Chinese BEFAR Group (Binhua), in Shandong Province on the sidelines of the FOCAC Forum as part of his promotional tour in China. BEFAR Group is one of China’s largest companies specialized in manufacturing chemicals, petrochemicals and new materials. The company establishes farms to produce electricity entirely from new and renewable energy such as wind and solar energy. The meeting came to discuss the establishment of integrated projects by Befar, and to benefit from the company’s experience in the distribution and supply of alternative fuel products to support SCZONE’s plan to establish a chemical complex from bromine ore with other Chinese companies, to serve the green fuel industry.
“We are proud to visit the headquarters of Befar Group to learn more about its manufacturing capabilities in the chemical and green energy industries. SCZONE has major capabilities that enhance its position at the forefront of entities supporting the transition to a green economy, which is one of the pillars of SCZONE’s strategic vision. SCZONE benefits from its strategic location, which enables it to benefit from the availability of renewable energy sources such as solar and wind energy to generate clean electricity, in addition to the launch of the first green fuel project within SCZONE, and the start of production and export, which makes it a global strategic hub for the production, circulation and storage of green fuel and green bunkering. SCZONE is also interested in localizing the company’s chemical products, to support Egypt’s vision of promoting exports, as well as meeting the needs of the local market and neighbouring markets, whether at the level of individuals or industrial needs, as these materials are used in many industries.” SCZONE Chairman declared
For his part, the President of BEFAR Group accompanied Mr. Waleid Gamal El-Dien on a tour to learn about the latest operating methods and electronic management followed by the company. It owns 3 giant factories served by a huge power station and a distribution network only for its area. The tour included a visit to China’s largest chemical industry complex for the production of Ash soda, alkali chlorine, alkaline soda and speciality chemicals, which contains the largest single production line in the world with a capacity of 750,000 tons and has a huge potential for various types of chemicals production. They also inspected the largest zone in China that the company established in less than 5 years to produce alternative fuels (hydrogen) Blue H2 and Grey H2 in an area of 2 square kilometers. The tour also extended to include the alternative fuel car supply station and learn about the company’s capabilities in storage and distribution. The president of Befar explained that it is one of the largest producers of blue and grey hydrogen, and is currently building expansions to produce green hydrogen after the completion of ocean desalination plants.
Founded in 1968, BEFAR has evolved into a comprehensive chemical conglomerate with prominent key businesses and a complete industrial chain. With total assets of 28 billion yuan, the group exports its products to more than 100 countries globally. In 2022, the group achieved an operating income of 26 billion yuan, and the group’s core enterprise, Binhua Group Co., Ltd, was listed on the Shanghai Stock Exchange in February 2010, with the market share of products such as alkyl chloride, trichloroethylene and caustic soda ranking first in the country. Caustic soda and propylene oxide are included in the high-end chemical brand “Good Products Shandong”.
