Egyptian Ethylene and Derivatives Company (Ethydco) has finished 97.2 percent of its petrochemicals complex, Chairman Abd El-Rahman Zeid announced Saturday. The total investment cost of the project is estimated at US$1.9 billion.
He made these remarks in his speech during the visit of Petroleum Minister Tarek El-Molla’s visit to the complex.
The complex encompass four projects: a project for producing ethylene with the capacity of 460,000 tonnes per year and another project for producing polyethylene with the capacity of 400,000 tonnes annually.
The complex also includes a project for producing butadiene with the capacity of 20,000 tonnes annually and other project for to produce 26,000 tonnes of butadiene derivatives per year.
Zeid added that Toyo Engineering Corporation and Engineering for the Petroleum & Process Industries (Enppi) are the general contractors of the project while The Petroleum Projects & Technical Consultations Co- Petrojet is responsible for executions and installation works.
The chairman noted that the project is set to enhance the integration policy between petrochemicals producing projects through supplying petrochemicals firms with their needs of ethylene.
Zeid pointed out the petrochemical products – that will be produced through the complex- enters in many supplementary industries notably the polyethylene that enter in plastic industries.
(Source: Thomson Reuters Zawya)