Egypt’s ECHEM to complete studies for C3 project in March

According to Daily News Egypt, the Egyptian Petrochemicals Holding Company (ECHEM), established in January 2002, is planning to finalize the technical and financial studies for its propylene production project by the end of this month in cooperation with France’s Technip as a consultance. Investment negotiations for the 2- billion- project will reportedly begin in the second quarter of this year.

ECHEM is also conducting studies for a new complex which is set to produce 460,000 tons/year ethylene and 400,000 tons/year of PE in Alexandria. The investment value of the project is reported at around $1.9 billion. The company is primarily aiming to meet the local market’s needs while the production surplus will be directed to export markets.

ECHEM already owns The Egyptian Ethylene and Derivatives Company (Ethydco) complex in Alexandria.