Gas investments in MENA region jump by 29% despite demand shock
The Arab Petroleum Investments Corporation’s report shows the MENA region’s committed gas investments are set to “hold steady” while planned gas investments are set to reach $126bn this year Planned gas investments in the Middle East and North Africa (MENA) in 2020 have jumped by 29% compared to last year despite the historic global demand […]
President Sisi inaugurates ERC’s new Mostorod Petrochemical Refinery
Egyptian Refinery Company’s Mostorod petrochem refinery is inaugurated: Qalaa Holdings subsidiary Egyptian Refining Company’s (ERC) USD 4.3 bn facility in Mostorod was inaugurated yesterday by President Abdel Fattah El Sisi. As the largest private sector project of its kind in Africa, the refinery will produce each year some 2.3 mn tonnes of diesel fuel and […]
Siemens signs long-term service contract with Ethydco petchem plant in Egypt
Siemens Energy provides long-term servicing for one of Africa’s largest petrochemical plants in Egypt Siemens Energy provides 10 year Preventive Service contract Underlines capabilities of Siemens Energy in supporting the petrochemical and downstream sectors Project will improve reliability and availability at the industrial complex in Egypt Siemens Energy has signed a long-term preventive maintenance contract […]
Egypt inks agreement with Bechtel for $6.7 bn petchem, refinery complex
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 […]
President Sisi urges modernization of Egypt’s petrochemical industry
President Sisi urged maximizing the economic benefits of Egypt’s natural resources to serve the country’s goal to become a regional trading hub for oil and natural gas. President Abdel Fattah El Sisi urged the government to continue upgrading the petroleum sector by improving Egypt’s value-added petrochemical industry to cope with sequential changes in the global […]
Borouge sets up petrochemicals marketing company in Egypt
Borouge, a UAE petrochemicals company, said that it has set up a new marketing company in Cairo, Egypt to support its MENA growth strategy. The company, which provides plastics solutions, is looking to meet customer requirements in the region and said the new marketing company reflects its strong business relationship with customers in this fast-growing […]
Egypt, USTDA sign $690K deal to fund feasibility study of petchem development
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 […]
Interview with Karim Hefzy, Carbon Holdings’ MD of Project Development
How is the Tahrir Petrochemical Complex (TPC) project progressing? When is it expected to come into operation and what will its production capacities be? As we announced in June last year, Tahrir Petrochemical Complex is a circa US$11bn project that will be financed by debt and equity from investors around the world. Since this announcement, […]
Carbon Holdings sponsors Egypt Petroleum Show EGYPS 2019
Chairman and CEO of Carbon Holdings, Basil El-Baz, will be attending the Egypt Petroleum Show (EGYPS) and will be a key note speaker discussing the petrochemical industry and Egypt’s economy. Carbon Holdings, a mid-to-downstream petrochemical company and catalyst of industrial development in Egypt, announced today that it will participate in and sponsor the 2019 Egypt […]
Agility to manage Logistics for Carbon Holdings
Work will support Middle East’s largest petrochemicals complex. Agility, a leading global logistics provider, has signed a memorandum of understanding to manage logistics at Carbon Holdings’ industrial facilities in Egypt, including construction of the new Tahrir Petrochemicals Complex (TPC). Agility will work with Carbon Holdings, a midstream and downstream petrochemical and process industrial plant company, […]
