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Tag: ECHEM
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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ECHEM eyes $15 billion investments in Egypt

Posted: May 11, 2016 at 7:50 pm   /   Oil & Gas

The Egyptian Petrochemicals Holding Company (ECHEM) is designing a blueprint for hiking investments from $5 billion to $15 billion within 5-10 years, said ECHEM Vice-President Hussien Ismail. Feasibility studies are underway for a number of vital projects, including a petrochemical project in Suez Canal Axis, a Polypropylene production project, as well as a plant for […]

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Egypt and United Kingdom sign contract to supply styrene for industrial production

Posted: March 20, 2016 at 1:35 pm   /   Oil & Gas

A contract between the Egyptian Styrene & Polystyrene production company (E.Styrenics) and the British New Perspective was signed Friday for supplying styrene material for industrial purposes. Minister of Petroleum and Mineral Resources Tarek el Molla, chairman of the Egyptian Petrochemicals Holding Company (ECHEM) Mohamed Saafan and the CEOs of the two companies witnessed the signing […]

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