According to the agreement, the ECHEM will conduct a detailed feasibility study for this giant project in cooperation with a global consultant. Bechtel will provide the necessary financing from banks and international financial institutions.
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The Polyester Producing Company, subsidiary of the Egyptian Petrochemicals Holding Company, exports 270,000 tonnes per year of polyethylene terephthalate (PET) while 150,000 tonnes of the product are provided to the local market, according to an official of Egyptian Petrochemicals Holding Company. He pointed out that the company, operating in an economic zone in the northwest …
The MOPCO 2 project will increase the company’s productive capacity to over 1.2m tonnes annually, and the official noted that with the MOBCO 1 project included in the calculations, total production will exceed 2m tonnes per year.
Rate of establishing new companies in March hits 9-year high, Abdel Nour says
Total wants to boost its refinery and chemicals activities in the Middle East and Asia, where it sees better long-term prospects than in Europe, where competition is pressuring margins.
The coming period will witness an increase in the economic and investment cooperation between India and Egypt, says minister of investment
Some industries are remain considerably profitable despite the deteriorating state of the economy
The Industrial Development Authority (IDA) is conducting negotiations with the Social Fund for Development to provide EGP 1bn to finance petrochemical projects