The plant will be located in an industrial complex in Ain Soukhna, 130 kilometres west of Cairo, and will have capacity to produce 10 tons per hour of pharma-grade and food-grade vacuum salt, meaning circa 60,000 tons per annum.

Due to Titan Salt’s innovative Mechanical Vapour Recompression technology (“MVR”), the plant will use 90 percent less natural gas per ton of produced salt than conventional technologies, thereby positively contributing to SDG 13 (Climate Action).

Joost Oorthuizen, Chief Executive Officer at Invest International:

“We are delighted to finance this loan as it will seek to promote Egypt’s economic growth and the creation of local jobs. Invest International’s unique role as a Dutch impact investor is putting funds to work in international projects that contribute to Sustainable Development Goals (SDGs) and contribute to the Dutch economy.”

Moataz Farouk, Chief Executive Officer of Egyptian Salt Industry Company:

“ESIC is really looking forward to this cooperation with Invest international and Titan Salt and to having such a distinguished high tech facility in Egypt. We know that we have the right partners for a successful project and we are proud to have them on board.”

Robert van Voorst, General Manager of Titan Salt:

“Titan Salt is proud and honored to have the opportunity to build a high-tech vacuum salt plant for ESIC in Egypt. The plant will be designed with our newest innovative technology and according to the highest European standards to provide an energy efficient and safe production facility. A true landmark!”

Titan Salt is a Dutch company with offices in Bolsward and Chicago. Being an independent system provider with an in-house engineering department for process and mechanical development. The company combines two leading international salt production system suppliers: Titan Projects (Netherlands) and Titan US (Chicago) with a team consisting of engineers with decades of experience in optimizing salt plants with energy efficient equipment designs.