The Egyptian Black Sand Company (EBSC) has submitted a request to the cabinet about exempting equipments necessary for the black sand factory from customs and taxes. He added that the equipment should be exempted from taxes and customs, as it happened with Siemens. Moreover, he explained that shareholders paid EGP 300m of the issued capital. EBSC had signed a contract with TAQA Petroleum Services Company to supply 1,300 cubic metres of gas per day to the black sand separation plant in Kafr El-Sheikh. The company is also in talks with the Ministry of Water Resources and Irrigation to provide water to the plant.

Source: Daily News Egypt June 04, 2017 12:22 UTC