Newsletter subscribe
Tag: ECHEM

Egypt inks agreement with UAE’s Rega Energy to produce biofuel

Posted: May 18, 2022 at 7:34 pm   /   Oil & Gas

Egypt to partner with Emirati company to produce biofuels: State-owned Egyptian Petrochemicals Holding Company (ECHEM) signed an agreement with the UAE’s Rega Energy to produce algae oil, the Oil Ministry announced in a statement yesterday, without disclosing the details of the agreement. Algae oil is a feedstock for bio-jet fuel and green naphtha, which can be used to make environmentally-friendly […]

No Comments read more
aramco

Aramco inks supply, offtake deal with Egypt’s Red Sea PetChem Complex

Posted: February 19, 2022 at 12:29 pm   /   Oil & Gas

Aramco inks supply, offtake deal with proposed Egyptian integrated complex: Saudi Aramco’s Aramco Trading Co. has executed a long-term, nonbinding agreement to supply 100,000 b/d of Arabian crude oil to Red Sea National Petrochemicals Co.’s grassroots integrated refining and petrochemicals complex to be built on the Gulf of Suez. Saudi Aramco’s Aramco Trading Co. (ATC) has executed […]

No Comments read more
Bechtel

Bechtel inks two agreements for Ain Sokhna’s $7.5 bn petchem complex

Posted: July 11, 2021 at 12:29 pm   /   Oil & Gas

Bechtel to lead design + construction of Africa’s largest petrochemicals complex: US construction giant Bechtel will lead the design and construction of the USD 7.5 bn petchem complex being built by the Red Sea National Refining and Petrochemicals Company in the Ain Sokhna industrial zone under two agreements signed with the Oil Ministry over the […]

No Comments read more
Methanex

EGPC, Methanex Egypt sign MoU promoting Process Safety Management

Posted: February 12, 2020 at 2:14 pm   /   Oil & Gas

In Alignment with the Ministry of Petroleum’s Modernization Program: The Ministry of Petroleum and Mineral Resources and Methanex Egypt Sign a Memorandum of Understanding to promote Process Safety Management within the Egyptian Oil and Gas Sector. Eng. Abed Ezz El Regal, The Egyptian General Petroleum Corporation (EGPC) CEO, and Mohamed Shindy, Methanex Egypt Managing Director, […]

No Comments read more
ECHEM Bechtel

Egypt inks agreement with Bechtel for $6.7 bn petchem, refinery complex

Posted: February 12, 2020 at 11:37 am   /   Oil & Gas

ECHEM inks agreement with Bechtel for USD 6.7 bn petchem, refinery complex: The Egyptian Petrochemicals Holding Company (ECHEM) yesterday signed an agreement with Bechtel to establish a USD 6.7 bn petrochemical plant and refinery in the Suez Canal Economic Zone, according to an official statement. The agreement, signed on the opening day of the Egypt […]

No Comments read more
USTDA

Egypt, USTDA sign $690K deal to fund feasibility study of petchem development

Posted: December 12, 2019 at 3:42 pm   /   Oil & Gas

USTDA Advances Petrochemicals Development in Egypt – Feasibility study will identify essential industrial design. The U.S. Trade and Development Agency today awarded a feasibility study grant to the Egyptian Petrochemicals Holding Company (Echem), for what will be Egypt’s first polyoxymethylene (POM) plant.  Echem will select an American firm to conduct the study. “Today’s announcement of […]

No Comments read more
Indorama Ventures

Thailand’s Indorama acquires 50% stake in EIPET from India’s Dhunseri

Posted: June 19, 2018 at 1:42 pm   /   Oil & Gas

Thailand’s Indorama signs acquisition agreement with India’s Dhunseri for EIPET’s Ain Sokhna facility, 50% stake in EIPET: Indorama Netherlands BV, an indirect subsidiary of Thailand’s Indorama Ventures, signed on Thursday an agreement with India’s Dhunseri Petrochem to acquire a chunk of the Egyptian Indian Polyester Company’s (EIPET) polyethylene terephthalate (PET) plant in Ain Sokhna. The […]

1 Comment read more
Dhunseri

India’s Dhunseri looks for a partner for Egypt joint venture EIPET

Posted: May 27, 2018 at 7:40 pm   /   Oil & Gas

Chandra Kant Dhanuka owned Dhunseri Petrochem is looking to rope in a strategic equity partner for its Egyptian venture. The move follows full repayment of the joint venture Egyptian Indian Polyester Company S.A.E (EIPET) outstanding dues and scaling up its holding to 93 %. The company on Friday said it has paid $ 87 million […]

No Comments read more

India’s Dhunseri Petrochem buys ECHEM’s stake in Egypt joint venture

Posted: May 22, 2018 at 2:05 pm   /   Oil & Gas

India’s Dhunseri Petrochem has bought the Egyptian Petrochemicals Holding Company (ECHEM)’s share of their joint venture, the Egyptian Indian Polyester Company (EIPET), according to a regulatory filing by Dhunseri on the Bombay Stock Exchange. Dhunseri will buy ECHEM’s 23% stake in EIPET in seven installments over the next four years. The company did not disclose the […]

No Comments read more
ECHEM

El-Molla: Egypt plans $4 billion petrochemical complex in Suez

Posted: July 17, 2017 at 2:31 pm   /   Oil & Gas

Egypt is planning to establish a petrochemical complex in Suez, with an investment cost worth more than $4 billion, Petroleum Minister Tarek el-Molla said Thursday. The Ministry of Petroleum will build the complex in partnership with Ministry of Public Business Sector, El-Molla added in a press conference. The Egyptian Petrochemicals Holding Company (ECHEM) as well […]

No Comments read more