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Damietta locals vow to continue their sit-in against MOPCO petrochemicals company

November 18/2011

(Daily News Egypt) -- After a six-day strike across the governorate, Damietta locals vow to continue their sit-in against MOPCO petrochemicals company despite a decree by the Supreme Council of the Armed Forces (SCAF) to shut down the plant. In Damietta, where the Nile and Mediterranean meet, roads across the city are still blocked with burnt tires and broken palm trees, keeping workers from going in and out of the main port in the city.

Ahmed Fekry, a leading member of the Freedom and Justice Party of Damietta said that the minute residents hear that there might be a violent crackdown by security, 3,000 to 4,000 citizens can immediately hit the streets

Protesters are demanding that governorate officials finally heed their calls to shut down the factory, which they say is deadly and hazardous to residents, marine life, as well as agricultural. We want to see in the hands of Damiettas governor a clear written statement saying that the factory will be shut down giving concise reasons, said Fekry.

However, executives from Egypts Petrochemical Holding company told DNE that they have indeed received orders to shut down the plant but were not given details as to why. The SCAF has ordered every phase of the plant to be completely shut down to respect the peoples will, a spokesman from the ruling military council told DNE in a telephone interview.

Perspectives of development of polymer markets, pricing issues and other important aspects will be discussed at The Polymers Summit-2011, which will be held in Moscow on November 30, 2011 at the Ritz Carlton Hotel. The Summit will be organized by MRC with the support of ICIS. The main idea of the Summit is to find a "the golden mean" between producers and converters. When producers receive exactly such margin of production, which helps them to invest in production expansion in order to substitute polymers imports, and the converters receive such price of feedstock that helps them to compete imported finished products. The Summit site gives an access to the live video of the Summit, speakers" presentations, as well as opportunities to ask questions or make appointments to any Summit partcipant.

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