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Tag: ECHEM
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, […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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MOP - DOW Chemical

El-Molla holds discussions with DOW Chemical's Regional President

Posted: June 1, 2017 at 8:15 pm   /   Oil & Gas

Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources met with Mr. Jim Mcllvenny, President DOW India, Middle East, Africa and Turkey, in presence of CEO of ECHEM. The Minister cleared out that the Egyptian Petrochemical industry is a promising one with World specifications’ products, are available in several global markets, labeled “Made in […]

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El-Molla: Egypt executes 8 petrochemicals projects worth $7.4 bn

Posted: August 15, 2016 at 12:18 pm   /   Oil & Gas

Egyptian petroleum sector owns eight large petrochemicals projects with investments worth US$7.4 billion and total capacities estimated at 4.5 million tonnes per year. Oil Minister Tarek El-Molla stated Saturday that those projects include the petrochemicals complex of Egyptian Ethylene and Derivatives Company (Ethydco) whose investments are estimated at US$1.9 billion. The new complex has been […]

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ethydco

President Sisi inaugurates Ethydco's ethylene production project

Posted: August 14, 2016 at 3:03 pm   /   Oil & Gas

President Abdel-Fattah El-Sisi inaugurated the petrochemical complex of Egyptian Ethylene & Derivatives Company (Ethydco) in Alexandria on Saturday. In a televised speech, El-Sisi talked about coming economic reforms, including reforms of subsidies. Petroleum Minister Eng. Tarek El Molla gave a brief presentation on the strategy of the petroleum sector and the implementation of the project […]

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