The project aims to produce formaldehyde and its derivatives based on about 45 thousand tons annually of methanol produced by Methanex Egypt and 48 thousand tons annually of urea produced by MOPCO. in addition to caustic soda produced by the Egyptian Petrochemical Company, sulfuric acid produced in the local market, and... Imported naphthalene, in order to meet part of the local demand with the possibility of exporting the surplus and providing foreign currency.