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ECHEM to invest $6 billion in Suez Canal
Ahmed Mamdouh Published in Albawaba on 15 - 09 - 2015

Egyptian Petrochemicals Holding Company (ECHEM) Chairman Mohammed Saafan said that the company is considering investing $6 billion in the Suez Canal region development project to establish a petrochemical complex, Al Bawaba News reported Tuesday.
Saafan added that the company's strategy is to establish petrochemical projects in order to boost Egypt's economy.
He pointed out that ECHEM produced about 1.6 million tons of petrochemicals during the last fiscal year, adding that it is scheduled to establish three projects in order to produce more 1.7 million tons of petrochemicals per year.

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