{"id":13471,"date":"2025-10-22T12:07:33","date_gmt":"2025-10-22T10:07:33","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/egypts-suez-canal-authority-signs-2-billion-petrochemical-complex-deal\/"},"modified":"2026-02-27T16:26:25","modified_gmt":"2026-02-27T14:26:25","slug":"egypts-suez-canal-authority-signs-2-billion-petrochemical-complex-deal","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/egypts-suez-canal-authority-signs-2-billion-petrochemical-complex-deal\/","title":{"rendered":"Egypt&#8217;s Suez Canal Authority signs $2 billion petrochemical complex deal"},"content":{"rendered":"<p>Egypt&#8217;s Suez Canal Authority said this Wednesday it had signed a $2 billion strategic partnership agreement with Anchorage Investments to establish a petrochemical complex in Ain Sokhna, Egypt.<\/p>\n<p>&nbsp;<\/p>\n<p>The first phase of the project aims to primarily produce polypropylene along with hydrogen.<\/p>\n<p>&nbsp;<\/p>\n<p>In a later phase, estimated to cost an additional $4.5 billion, Anchorage Investments would add complementary plants to produce other petrochemicals mainly intended for exports.<\/p>\n<p>&nbsp;<\/p>\n<p>The statement did not give further details on the partnership or a timeline for the project.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8211;Reuters&#8211;<\/p>\n","protected":false},"featured_media":13472,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-13471","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"Egypt's Suez Canal Authority said this Wednesday it had signed a $2 billion strategic partnership agreement with Anchorage Investments","published_date":"2025-10-22 14:05:58","news_description":"Egypt's Suez Canal Authority said this Wednesday it had signed a $2 billion strategic partnership agreement with Anchorage Investments","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/13471","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/13471\/revisions"}],"predecessor-version":[{"id":18579,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/13471\/revisions\/18579"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/13472"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=13471"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=13471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}