16 JULY, 2017
Ahmed Fayez
Egypt is planning to establish a petrochemical complex in Suez, with an investment cost worth more than $4 billion, Petroleum Minister Tarek el-Molla said Thursday.
The Ministry of Petroleum will build the complex in partnership with Ministry of Public Business Sector, el-Molla added in a press conference.
The Egyptian Petrochemicals Holding Company (ECHEM) as well as refineries affiliated to the petroleum sector will also cooperate to implement the project, the Egyptian minister said.
The Japanese manufacturer Toyota will be in charge of the industrial technologies needed for the complex, he added.
March 7, 2016
Egyptian Ethylene and Derivatives Company (Ethydco) has finished 97.2 percent of its petrochemicals complex, Chairman Abd El-Rahman Zeid announced Saturday. The total investment cost of the project is estimated at US$1.9 billion.
He made these remarks in his speech during the visit of Petroleum Minister Tarek El-Molla’s visit to the complex.
The complex encompass four projects: a project for producing ethylene with the capacity of 460,000 tonnes per year and another project for producing polyethylene with the capacity of 400,000 tonnes annually.
The complex also includes a project for producing butadiene with the capacity of 20,000 tonnes annually and other project for to produce 26,000 tonnes of butadiene derivatives per year.
