The Prime Minister meets with Anchorage Investments
CAIRO – Egypt’s Prime Minister Moustafa Madbouli welcomed investments that are pumped by the private sector in national economy sectors to attain comprehensive development in accordance with the state’s action plans to support this sector. Madbouli underscored the necessity of providing necessary financing for this giant project....... Read the article Back to Media Centre
Anchorage Investments steers Egypt’s downstream projects towards decarbonization
Egypt - Founder and Managing Director of Anchorage Investments Ahmed Moharram has been elected to join the 6th Egypt Petroleum Show (EGYPS 2023)’s panel discussion, titled: “Accelerating Decarbonization and Energy Security through Public Private Partnerships”. The panel aimed at discussing the role of PPPs in delivering long-term oil, gas, and energy infrastructure projects, while examining [...]
Four Global Firms Shortlisted for Egypt’s $2 Billion Industrial Project
Anchorage Investments, which develops, implements, and operates industrial projects in the chemicals and blue hydrogen sectors, has shortlisted four international contractors in the second phase of the EPC (engineering, procurement, and construction) tender for the Anchor Benitoite project..... Read the article Back to Media Centre
Anchorage Investments and Honeywell Sign Memorandum of Understanding for Automation of the Anchor Benitoite Complex in Egypt
Honeywell and Anchorage Investments Ltd. sign a Memorandum of Understanding (MoU) that paves the way for Honeywell’s latest industrial autonomous technologies to be installed at the state-of-the-art Anchor Benitoite Petrochemicals Complex to be built in Egypt’s Suez Canal Economic Zone..... Read the article Back to Media Centre
Egypt’s Anchorage Investments starts tendering process for its $2bln petrochemicals project
Anchorage Investments announced on Wednesday the launch of the tendering process to appoint the main contractor for its $2 billion Anchor Benitoite petrochemicals complex in Suez, Egypt.... Read the article Back to Media Centre
Gulf Construction Online – Duff & Phelps named financial advisor for $2.5bn Suez project
Anchorage Investments has appointed Duff & Phelps as financial advisor in preparation for the financial closure phase in the development of The Anchor Benitoite, a unique $2.5 billion industrial complex in the Suez Canal Economic Zone that will support petrochemical projects, increase foreign direct investment, and contribute to Egypt’s GDP. A major specialist in the [...]
Enterprise – Another petchem complex in the SCZone
Anchorage Investments is looking to build a USD 2.5 bn petrochemical complex in the Suez Canal Economic Zone (SCZone), according to a company statement. The company will produce a range of petrochemical products and natural gas derivatives, including propylene and polypropylene, and will look to gradually increase the number of products... Read the article Back to [...]
Gulf News – Anchorage Investments takes lead role in $2.5b petrochemicals complex in Egypt
Dubai: The energy industry focussed Anchorage Investments will develop a $2.5 billion industrial complex in the Suez Canal Economic Zone. The project will produce a range of derivatives and petrochemical products, including olefin and polyolefin, used in everyday applications, ranging from automobiles, durable goods, plastic detergent and milk bottles... Read the article Back to Media [...]
prnewswire.com – Lummus Novolen Technology Selected as PP Licensor for Major Project in Egypt
HOUSTON, May 20, 2021 /PRNewswire/ -- Lummus Technology today announced that its Novolen business has been selected as the PP licensor by Anchorage Investments for its Anchor Benitoite project in Suez, Egypt. Lummus' scope includes the technology license for a 590 KTA polypropylene unit as well as basic design engineering, training and services, catalyst supply [...]
chemengonline.com – Honeywell UOP technology selected for PDH project in Egypt
Honeywell announced that Anchorage Investments Ltd. will use Honeywell UOP’s C3 Oleflex technology to produce 750,000 metric tons per year (m.t./yr) of polymer-grade propylene for its new Anchor Benitoite petrochemicals complex in Suez, Egypt, near the southern terminus of the Suez Canal. Propylene is the primary component in a variety of plastic products that are [...]