A UK company plans to invest nearly $2.4 billion in a fertiliser plant in Egypt that will use household waste as feedstock. London-based Polar Hydro Company intends to set up the project in Egypt’s Giza free zone to meet domestic fertiliser needs and export the surplus to Europe. The facility will process and safely recycle […]A UK company plans to invest nearly $2.4 billion in a fertiliser plant in Egypt that will use household waste as feedstock. London-based Polar Hydro Company intends to set up the project in Egypt’s Giza free zone to meet domestic fertiliser needs and export the surplus to Europe. The facility will process and safely recycle […]

UK firm to build $2.4bn fertiliser plant in Egypt

2025/12/03 16:21

A UK company plans to invest nearly $2.4 billion in a fertiliser plant in Egypt that will use household waste as feedstock.

London-based Polar Hydro Company intends to set up the project in Egypt’s Giza free zone to meet domestic fertiliser needs and export the surplus to Europe.

The facility will process and safely recycle solid household waste to produce biofuel and fertilisers, Egypt’s cabinet said on its Facebook account on Tuesday.

Minister of industry and transport Kamel Al-Wazir disclosed the project during a meeting of industry officials, during which he said the plant would help safely dispose of piles of waste in the area and create jobs for Egyptians.

“The ministers instructed officials to provide all kinds of support and facilitate procedures for the company so it will embark on the project as soon as possible,” the ministry said in a statement.

Egypt, the third-largest Arab economy, is seeking industrial investment to boost exports and ease a painful trade deficit.

Further reading:

  • Limited hope for economic change as Egyptians vote
  • Egypt’s quarterly GDP reaches three-year high
  • Egypt reveals incentives to attract global miners

The country targets a 20 percent annual increase in exports through 2030 and is prioritising five sectors: tourism, manufacturing, agriculture, energy, and information/communications technology.

The statement said ministry officials would soon meet Polar Hydro representatives to discuss the project.

The cabinet said another UK-based company — Blue Skies Global, a fresh fruit producer and exporter — plans to build refrigerated storage spanning 10,000 square metres. The facility will serve the company’s two factories in the 10th of Ramadan City and handle products designated for export.

Egypt’s food exports grew by 11 percent year on year in the first 11 months of 2025, exceeding $5.8 billion, it added.

Market Opportunity
4 Logo
4 Price(4)
$0.01166
$0.01166$0.01166
-10.99%
USD
4 (4) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Zcash (ZEC) Price Prediction: ZEC Defends $300 Support as Bullish Structures and Privacy Narrative Return to Focus

Zcash (ZEC) Price Prediction: ZEC Defends $300 Support as Bullish Structures and Privacy Narrative Return to Focus

Zcash (ZEC) is holding above the crucial $300 support zone as price consolidates near $339, with traders watching key resistance levels and a potential bullish
Share
Brave New Coin2026/02/01 02:16
The 5000x Potential: BlockDAG Enters Its Final Hours at $0.0005 Before the Presale Ends

The 5000x Potential: BlockDAG Enters Its Final Hours at $0.0005 Before the Presale Ends

BlockDAG is one of the few projects offering a structured window rather than a surprise. The presale has already raised $452 million, and only hours remain to buy
Share
Techbullion2026/02/01 02:00
Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC

Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC

The post Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC appeared on BitcoinEthereumNews.com. Franklin Templeton CEO Jenny Johnson has weighed in on whether the Federal Reserve should make a 25 basis points (bps) Fed rate cut or 50 bps cut. This comes ahead of the Fed decision today at today’s FOMC meeting, with the market pricing in a 25 bps cut. Bitcoin and the broader crypto market are currently trading flat ahead of the rate cut decision. Franklin Templeton CEO Weighs In On Potential FOMC Decision In a CNBC interview, Jenny Johnson said that she expects the Fed to make a 25 bps cut today instead of a 50 bps cut. She acknowledged the jobs data, which suggested that the labor market is weakening. However, she noted that this data is backward-looking, indicating that it doesn’t show the current state of the economy. She alluded to the wage growth, which she remarked is an indication of a robust labor market. She added that retail sales are up and that consumers are still spending, despite inflation being sticky at 3%, which makes a case for why the FOMC should opt against a 50-basis-point Fed rate cut. In line with this, the Franklin Templeton CEO said that she would go with a 25 bps rate cut if she were Jerome Powell. She remarked that the Fed still has the October and December FOMC meetings to make further cuts if the incoming data warrants it. Johnson also asserted that the data show a robust economy. However, she noted that there can’t be an argument for no Fed rate cut since Powell already signaled at Jackson Hole that they were likely to lower interest rates at this meeting due to concerns over a weakening labor market. Notably, her comment comes as experts argue for both sides on why the Fed should make a 25 bps cut or…
Share
BitcoinEthereumNews2025/09/18 00:36