Egypt, Italian firms discuss $278M bioethanol production project

The meeting reviewed the latest technical and implementation developments of the project, which aims to utilize agricultural and industrial waste and convert it into a value-added, exportable product, supporting Egypt’s drive toward a green economy, sustainable industries and deeper local manufacturing.nathanh100 - Flickr Minister of Investment and Foreign Trade Mohamed Farid held talks with representatives of Italian companies Proger and Draxil on the latest developments in an investment project to produce second-generation bioethanol using bagasse generated from sugarcane processing, with targeted investments of around $278 million.

The minister said the ministry would provide the necessary support to expedite the completion of the project’s requirements, enabling it to move from the study phase to implementation, production, operation and export, while benefiting from the availability of raw materials and other prerequisites for establishing the project in Egypt.