CAIRO — Egyptian Petroleum Minister Tarek el-Molla has recently announced that plans are underway to implement three green petrochemical projects with a total value of $1.2 billion.
In a press statement on May 4, Molla explained that the three projects include a $600 million biofuel production plant with a production capacity of 350,000 tons of biofuels from algae oil per year, expected to cut CO2 emissions by up to 1.2 million tons annually.
