Egyptian coal factory shuts down in lead-up to COP27
El-Nasr Company for Coke and Chemicals was liquidated recently, less than a year after another industry and steel company was closed down, as the Egyptian government seeks to abandon coal in its factories and rely more on clean energy.
CAIRO — After 62 years of production, the extraordinary general assembly of the state-owned El-Nasr Company for Coke and Chemicals approved Sept. 5 the dissolution and liquidation of the company, a year after its activities came to a halt in August 2021.
The liquidation move came following reports by the Egyptian Environmental Affairs Agency that the company’s environmental conditions violate the law.
Subscribe for unlimited access
All news, events, memos, reports, and analysis, and access all 10 of our newsletters. Learn more
$14 monthly or $100
annually ($8.33/month)
OR
Continue reading this article for free
Access 1 free article per month when you sign up. Learn more.
By signing up, you agree to Al-Monitor’s Terms and Conditions and Privacy Policy. Already have an account? Log in
