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ECHEM Plans to Invest $6bn for PC Projects in Sokhna

Source: www.gulfoilandgas.com 9/28/2012, Location: Africa

Sami Abdul-Hadi, the acting chairman of the Holding Company for Petrochemicals said that the Egyptian gas represents a national wealth that must be preserved and exploited in the development of petrochemical industry.

Abdul-Hadi pointed out that we can provide nearly USD 15 billion through exporting products and reducing imports of petrochemical products, in addition to creating 100,000 jobs.

He noted that the company is currently considering a project for the establishment of a plant to transfer natural gas into petrochemical products with investment reaching nearly USD 6 billion in Ain Sokhna.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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