Egypt's Al-Sisi ratifies new criminal procedures law after parliament amends it    Singapore's Destiny Energy to invest $210m in Egypt to produce 100,000 tonnes of green ammonia annually    Egypt, South Africa discuss strengthening cooperation in industry, transport    Egypt's FM discusses Gaza, Libya, Sudan at Turkey's SETA foundation    UN warns of 'systematic atrocities,' deepening humanitarian catastrophe in Sudan    Egypt launches 3rd World Conference on Population, Health and Human Development    Cowardly attacks will not weaken Pakistan's resolve to fight terrorism, says FM    Gold prices in Egypt edge higher on Wednesday, 12 Nov., 2025    Egypt's TMG 9-month profit jumps 70% on record SouthMed sales    Egypt adds trachoma elimination to health success track record: WHO    Egypt, Latvia sign healthcare MoU during PHDC'25    Egypt joins Advanced Breast Cancer Global Alliance as health expert wins seat    Egypt's Suez Canal Authority, Sudan's Sea Ports Corp. in development talks    Egyptian pound gains slightly against dollar in early Wednesday trade    Egypt, India explore cooperation in high-tech pharmaceutical manufacturing, health investments    Egypt, Sudan, UN convene to ramp up humanitarian aid in Sudan    Egypt releases 2023 State of Environment Report    Egyptians vote in 1st stage of lower house of parliament elections    Grand Egyptian Museum welcomes over 12,000 visitors on seventh day    Sisi meets Russian security chief to discuss Gaza ceasefire, trade, nuclear projects    Egypt repatriates 36 smuggled ancient artefacts from the US    Grand Egyptian Museum attracts 18k visitors on first public opening day    'Royalty on the Nile': Grand Ball of Monte-Carlo comes to Cairo    VS-FILM Festival for Very Short Films Ignites El Sokhna    Egypt's cultural palaces authority launches nationwide arts and culture events    Egypt launches Red Sea Open to boost tourism, international profile    Qatar to activate Egypt investment package with Matrouh deal in days: Cabinet    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Sisi expands national support fund to include diplomats who died on duty    Madinaty Golf Club to host 104th Egyptian Open    Egypt's PM reviews efforts to remove Nile River encroachments    Al-Sisi: Cairo to host Gaza reconstruction conference in November    Egypt will never relinquish historical Nile water rights, PM says    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Study of propylene and derivatives project to be finalised by October: ECHEM
Study will be delivered to Boubyan Petrochemicals Co to activate MoU signed to execute the project
Mohamed Adel Published in Daily News Egypt on 14 - 06 - 2015

The Egyptian Petrochemicals Holding Company (ECHEM) will finalise by October the technical and financial studies for a project to produce propylene and its derivatives.
A senior ECHEM official told Daily News Egypt that investments in the project amount to approximately $2bn, and it will be implemented on land owned by the company in Alexandria.
After the technical and financial studies for the project are completed, they will be given to Boubyan Petrochemicals Co, with whom a Memorandum of Understanding (MoU) has been signed.
Minister of Petroleum Sherif Ismail signed a MoU with Boubyan Petrochemicals Co in February to establish projects for petrochemicals and phosphorus fertilisers. The projects include a complex for propylene production and its derivatives, a refinery complex, a project for formaldehyde production and its derivatives, and a phosphorus fertiliser complex and its derivatives. The investments on these projects amount to $6.8bn.
The official pointed out that the plan for propylene production and its derivatives will be completed by 2020.
"The project aims to produce propylene and its derivatives using the available propane quantities, through facilitations by the Egyptian Natural Gas Company (Gasco) in Alexandria, instead of exporting these quantities. The purpose is to produce value-added products through different phases to cover local demand and export surplus," said the official.
He also added that the production capacity for the project is at 250,000 tonnes a year of propylene, which will be converted to many intermediate derivatives as well as final derivatives.
ECHEM President and Chairman Mohammad Saafan announced in a press release that the projects signed with Boubyan Petrochemicals Co. will be a partnership between Egypt and Kuwait, whether in conducting studies or funding the projects.

Clic here to read the story from its source.