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Egypt to establish new petchem complex

by ChemOrbis Editorial Team -
  • 17/07/2017 (19:18)
According to media reports, Egypt’s Petroleum Minister Tarek el-Molla said in a press conference that they are planning to build a new petrochemical complex in Suez with an investment value of more than $4 billion.

El-Molla reported that the feasibility studies for the new complex will last around two and a half years and Japanese Toyota will be responsible for the industrial technologies of the complex.

The studies for the new project will be held in collaboration with the country’s Ministry of Public Business Sector and Egyptian Petrochemicals Holding Company (ECHEM) as well as refineries affiliated to the petroleum sector.

The production chain of the new complex to be built has not been revealed at the time of press.

Earlier in May, the Minister also announced that German investors are interested in new investments in Egypt, which are covering petrochemical and phosphate fertiliser production projects.
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