E-Chem in talks with France’s Total to establish an olefin project
December 12/2011
(Arabian oil and gas) --
Egyptian Petrochemicals Holding (E-Chem) is in talks with France’s Total to
establish an olefin project in the induatrial zone located north-west the Gulf
of Suez, according to local media.
We expect to sign the deal in the near future, al-Masri al-Yawm newspaper
quoted an official from the Ministry of Petroleum as saying. The project would
cost USD3bn, and will produce 470,000 t/y of polypropylene and other
products.
The project will be executed in three years. The project will boost
Egypt’s production capacity of polyolefins, the source added.
