Qalaa Holdings on Tuesday announced it has successfully completed the trial operation of its Egyptian Refining Company’s (ERC) continuous catalytic reforming (CCR) unit and visual display unit (VDU).
The company has supplied 100 tonnes of low-sulfur petroleum products, including, diesel, naphtha, and 98-octane gasoline, in accordance with the European standards of the Egyptian General Petroleum Corporation (EGPC) since operation started, Qalaa Holdings said in a statement.
Trial operation of all the units is set for completion by the end of the second quarter of 2019, the Cairo-based firm, which has operations in a slew of industries including energy, cement, and logistics, noted.
Qalaa Holding previously reported an EGP 9.4 billion in revenue for the first nine months of 2018, up 46% up from EGP 6.44 billion in the same period of 2017.
The company’s recorded a net profit of EGP 426.6 million in the nine-month period ended September 2018 period.