Gulf Oil and Gas accountACCOUNT

ECHEM Launches Complex for Ethylene & its Derivatives

Source: www.gulfoilandgas.com 3/31/2011, Location: Africa

The Egyptian Holding Company for Petrochemicals (ECHEM) has confirmed that a consortium of banks will provide $ 925 million to finance the development of the ethylene and derivatives complex in Alexandria with a total investment of $ 7 billion Egyptian Pounds. According to ECHEM, the project will create 10 thousand direct and indirect jobs.

ECHEM clarified in a statement, that the consortium includes Misr Bank, Commercial International Bank (CIB), National Societe Generale Bank (NSGB), and Arabic African International Bank.

ECHEM has also indicated that the complex comprises several projects for the production of ethylene, polyethylene and derivatives of butadiene, in addition to the necessary facilities. The estimated time schedule for the project is 36 months. The complex will produce 460 thousand tons of ethylene per year, depending on the ethane -propane gas produced in the Western Sahara complex in Alexandria.

Major shareholders contributing in this project include ECHEM, Sidi Krier Petrochemicals Company (SIDPEC), GASCO, in addition to a number of state-owned banks including the National Bank of Egypt, the National Investment Bank, Misr Bank, and Nasser Social Bank.

Petrochemicals News in Egypt >>

United Arab Emirates >>  12/10/2019 - The Abu Dhabi National Oil Company (ADNOC) signed a Framework Agreement with Reliance Industries Limited (RIL) to explore development of an Ethylene D...
Iran >>  12/9/2019 - The output of Noori Petrochemical Plant stood at 2.9 million tons in the first 8.5 months of the current calendar year, which began on March 21. ...

Iran >>  12/9/2019 - The CEO of Persian Gulf Apadana Petrochemical Plant said the sale of his company’s output was guaranteed by the Persian Gulf Petrochemical Industries ...
Iran >>  12/4/2019 - The Iranian deputy petroleum minister for petrochemical affairs said construction of a $8-billion petrochemical mega-project was on the agenda to be b...

Iran >>  12/3/2019 - The CEO of Noori Petrochemical Plant said his company had fully realized its production plans despite a month of overhaul. ...
Iran >>  12/3/2019 - Zagros Petrochemical Company was lauded as a top exporter at the 23rd Iran National Export Day Celebration Conference. ...

Related Categories: Agents, Anti-foaming  Aromatic Solvents  Butene  Cleaning  Corrosion Inhibiting  Crude Oil  Diesel Fuel  Ethylene  Fluids Drilling, Completion, Workover & Stimulation  Fluids/Chemicals  Fracturing Sand  Fuel oil  Gasoline (Lead free)  General  Grout  Jet fuel  Kerosene. Domestic use  Lubricants, Oils & Greases  Nitrogen  Oil Treating & Refining  Polyethylene  Polyvinyl chloride  Propane  Sand, Sandblast  Summer Diesel  Surfactants 

Related Articles: Aromatic Solvents  Butene  Cleaning  Corrosion Inhibiting  Crude Oil  Diesel Fuel  Ethylene  Fluids Drilling, Completion, Workover & Stimulation  Fluids/Chemicals  Fracturing Sand  Fuel oil  Gasoline (Lead free)  General  Jet fuel  Kerosene. Domestic use  Lubricants, Oils & Greases  Nitrogen  Oil Treating & Refining  Polyethylene  Polyvinyl chloride  Propane  Sand, Sandblast  Surfactants 


Egypt Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 |

Oil & Gas Projects in Egypt >>

More News

Related Links

AO BJ BW CD CG CI CM DZ EG ET GA GH GM GN GQ GW KE LR LY MA MG ML MR MZ NA NE NG RW SC SD SL SN SO ST SZ TD TN TZ UG ZA ZM
Gulf Oil and Gas
Copyright © 2019 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.