At a seminar on exports, an Arab Brazilian Chamber executive announced a mission to prospect business for the Egyptian chemical industry in Brazil this year.
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The Brazilian Chemical Industry Association reported the sector could obtain the amount by 2024. Brazil’s industry is the sixth-largest in the segment in the world.
Purchases of chemical products from other countries came out to USD 20.4 billion in the first half of the year, up 6% year-on-year.
Production capacity reached 167 million tons last year, up 7% over 2016.