September 2000　 U.S. TRADE AND DEVELOPMENT AGENCY

EATCO - Suez Petrochemicals Complex Gas To Polyolefin Project Final Report

U.S. Firm: UOP, LLC
Project Sponsor: Egyptian Arab Trading Company

EATCO - Suez Petrochemical Complex GTP Project
Suez, Egypt June,2000

1.1 Project Overview

The EATCO - Suez Petrochemical Complex project will produce polyethylene and polypropylene to primarily supply the growing polyolefin market in Egypt. The project will reduce the dependence on imports, which currently supply the entire polyolefin market in Egypt. The polyolefins will be produced from natural gas feedstock, which helps to preserve Egypt's crude oil reserves while adding value to Egypt's growing natural gas reserves. The natural gas will be supplied from the Egyptian Natural Gas Company (GASCO).

The project sponsor is the Egyptian Arab Trading Company (EATCO), which is a private Egyptian company managed and owned by Mr. El Komi. EATCO will be one of the major equity participants in the project. Kvaerner and Ferrostaal are also expected to be equity participants along with others.

The GTP facility will be a grass-roots construction comprising process plants supported by utilities/offsite plant to produce 400,000 MTA (metric tons per annum) of bagged polyolefins, 50% polyethylene and 50% polypropylene. The facility will be supplied with natural gas (for feedstock and fuel), raw water, and electric power and will generate all additional utilities required.

Location of Project
The proposed site is located in the North West Gulf of Suez Special Economic Zone, approximately 40 km south of Suez City and 120 Ian east of Cairo City, close to the new port at Ain El Sukhna.
The Gas to Polymers (GTP) facility will be located in the southern section of the zone in the area designated 'Tetroleurn Section", which comprises an area of approximately 11.9 km~.
This location offers; a nearby port facility with good access to markets in Europe, U.S., Far East & Middle East, a ten year tax holiday with potential to be extended to twenty years with cabinet approval, a unified customs duty rate of 5%, and the availability of natural gas, electricity, and water, as well as roads, railways and telecommunications.

Gas to Polyolefins Complex Description
A simple block flow diagram of the complex is provided on the next page. Natural gas feedstock is converted to methanol in a two-step process within the Methanol Plant. The first step of methanol synthesis converts methane to syngas (carbon monoxide and hydrogen) and then the syngas is converted to methanol. The crude methanol is subsequently fed to the MTO Plant where it is converted primarily to ethylene and propylene. Byproducts from the MTO Plant include mixed butenes, C5+ hydrocarbons and water. The hydrocarbon byproducts are sent to the utilities and offsite facilities where they are burned as fuel and the water is recovered and purified for steam generation. The ethylene and propylene are sent to the polyolefins plant for conversion to polyethylene and polypropylene, respectively. The polyethylene unit can alternate between the production of high density polyethylene (HDPE) and linear low density polyethylene (LLDPE).

EATCO Suez Petrochemical Complex Project
*Table Intentionally Omitted- Scanner could not read.

The EATCO - Suez Petrochemicals Complex project is based on using the following process technologies:
・ Kvaerner Reforming/ICI Low Pressure Methanol Process
・ UOPMYDRO MTO Process
・ UNIPOL PE Process
・ UNIPOL PP Process
These processes offer world-class performance from reputable licensors and produce products meeting the highest quality standards.

Advantages of Gas to Polyolefins Route
The gas to polymers (GTP) approach using the UOP/HYDRO MTO process offers a new means to produce polyolefins. The majority of polyolefins are produced from olefins derived from conventional steam cracking of ethane or naphtha. While these and other options can offer profitable means to produce polyolefins, they have product limitations and require different feedstocks that make them less attractive for the objectives of the SPC project. The GTP option is the best choice for this project because;

1.2 Project Technical Information
The EATCO - Suez Petrochemical Complex will use natural gas as the feedstock. For this feasibility study, the hydrocarbon byproducts are utilized as fuel and effluent water is recovered and treated to minimize raw material and utility consumption. A relatively small amount of electric power is generated within the facility to fully utilize the fuel byproducts and keep the complex in balance (no export of fuel), while slightly reducing the net consumption of electrical power. The project includes a closed-loop cooling water circuit exchanged against seawater. The facilities for seawater intake, circulation, and discharge are included in the project scope.

Plot Area
The facility will require a minimum plot area of 371,520 m' based on the preliminary site plan developed for this study. The site area is laid-out on a plot with dimensions of 576 meters by 645 meters. This site plan includes process units, control room, utilities, waste water treatment ponds, flare systems, warehouses, administration buildings, loading facilities, and parking.

Operating Costs
The consumption of raw materials, catalysts and adsorbents, chemicals, utilities, and the operating costs are summarized in the following table.

Operating Cost Summary
Table left blank intentionally Scanner Could Not Read

Project Implementation Schedule
The preliminary project schedule is outlined below based on an assumed project kick-off date in January of year 2001.

1.3 Project Cost
The following table shows the current estimates for the various components of project costs:

1.4 Financial Analysis Results
The financial model uses the Base Case assumptions to calculate internal rates of return (IRR) and net present value of project cash flows for the assumed 25-year project economic life period and debt service coverage ratios for the period during which debt is outstanding.

The Base Case model gives the following results:

1.5 Environmental Considerations
The process technologies used for this facility are based upon proven operating plants around the world and information gained from the operation of these plants will form the basis of the design and operation of the SPC complex.
The SPC complex is to be located in an industrial complex in the Suez region of Egypt. Nearby facilities will include other petrochemical plants, the port of Ain El Sokhna and the main highway from Suez to Zaafrana. The preliminary plant layout takes into account the prevailing wind in the region to minimize the effects of stack emissions on the facility.
No unique or unusual potential major hazards are associated with the installation and operation of the GTP complex. The design and layout of the facility will be so as to minimize inadvertent emissions to the atmosphere through the implementation of control safeguards as well as the use of well-trained operations and maintenance personnel.

Jan. 15, 2007 Thyssenkrupp

Uhde to build major turnkey propylene/polypropylene complex in Egypt

Egyptian Propylene & Polypropylene Company (EPPC), under the lead of Oriental Weavers Group, has commissioned Uhde to build a turnkey petrochemical complex in Port Said, some 170 kilometres north-east of Cairo. The complex will consist of a propylene plant and a polypropylene plant with respective annual production capacities of 350,000 tonnes as well as all appurtenant utilities and offsites, including an air fractionation and refrigerating unit, and the required storage tanks.


Uhde's forward-looking STAR (STeam Active Reforming) process(R) for dehydrogenating light hydrocarbons, such as propane to propylene or butane to butylene, is based on conventional steam reforming technology and a downstream oxidation reactor (oxyreactor), both using a special dehydrogenation catalyst. Uhde has decades of experience in the field of steam reforming, having already installed more than 60 reformers based on proprietary technology. A similar type of oxyreactor has already been successfully used in over 40 ammonia plants built by Uhde. Uhde acquired the conventional STAR process from the US company Phillips Petroleum in 1999 and has since developed it further.

The polypropylene (PP) plant will be based on Basell's Spheripol(R) process and will produce a wide range of high-quality PP plastic pellets.

Middle East Economic Digest, July 29, 2005

EPPC Plant Award Nears

Egyptian Propylene & Polypropylene Company (EPPC) is in the final stages of evaluating commercial proposals submitted in early July for the contract to build a major propane dehydrogenation (PDH) and polypropylene (PP) complex near Port Said.

Only two companies remain in the race for the contract -Japan' s Toyo Engineering Corporation and Germany's Uhde - after Linde, also of Germany, pulled out due to a heavy workload after winning large-scale jobs in Saudi Arabia and Iran. Among the issues being discussed are the project's financing arrangements and whether to carry the scheme out on an engineering, procurement and construction (EPC) or cost-reimbursable basis.

EPPC, a 50:50 joint venture between the local Oriental Petrochemicals Company (OPC) and the state-owned Egyptian Petrochemicals Holding Company (ECHEM）（ OPCに 6%出資), is also in the final stages of finalizing an agreement for propane gas feedstock from Union Gas Derivative Company (UGDC), a joint venture of the UK's BP and Italy's Eni. The estimated $400 million plant will comprise a 400,000-tonne-a-year PDH unit, which will feed a PP plant of the same capacity.

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Oriental Petrochemicals Company http://www.opcegypt.com/overview.htm

Oriental Petrochemicals Company (OPC), is a joint-stock company established in Egypt in 1996, specializing in the production of polypropylene. We take pride in being a market focused mainly company, our service is exceptionally..service oriented responding to the needs of our customers through the production of premium quality products at highly competitive prices. Production at OPC's state of the art plant commenced in July 2001, at a working capacity for its first train of 160,000 MT/year. OPC enforces strict measures which ensure that its operation is in compliance with worldwide standards of safety and environmental regulations.

ORIENTENE is made by UNIPOL POLYPROPYLENE technology,

OPC covering almost 85% of the local market demand of Homopolymer polypropylene, and is looking forward to cover 100% of the expected demand during the coming few years by the new polypropylene plant located at the North gate of Suez Canal.
Product categories will include Random and Impact polypropylene co-polymers .

OPC currently exports to over 20 countries in three different continents. OPC's export markets are mainly focused in Europe (Belgium, Spain, Italy, Germany, Switzerland, Portugal, France and Greece), Africa and the Middle East (Morocco, Algeria, Tunisia, Libya, Ghana, Nigeria, Sudan, Jordan, Syria, Lebanon, Dubai) and finally Asia (India,Pakistan and China ).

January 17, 2007 Basell

EPPC selects Basell's Spheripol technology for a new 350 kt/a PP plant

Egyptian Propylene and Polypropylene Company (EPPC) has selected Basell's Spheripol technology for a new 350 KT per year polypropylene plant to be built at Port Said, Egypt. Start up is expected in 2009.

The project will also include a new 350 KT per year STAR technology propane dehydrogenation plant licensed by Uhde.

"Egypt has a large, growing, and increasingly sophisticated polypropylene market and we are pleased that EPPC has selected the world's most widely used polypropylene process technology for the new plant," said Just Jansz, president of Basell's Technology Business.

EPPC is a joint venture owned by Oriental Petrochemical Company (OPC), Oriental Weavers and ECHEM.
 
Basell is the world leader in the licensing of polyolefin process technologies. To date the company has granted more than 100 process licenses with a combined annual capacity exceeding 20 million tons. In the past 20 years, Basell polypropylene technologies have been used in about half of all new PP projects.

Carbon Holdings      

Sep 20, 2011 (AsiaPulse via COMTEX) 　　　1.35 million tons of ethylene

S.Korea's SK E&C wins US$3.2bln Petrochem plant order from Egypt

South Korea's SK Engineering & Construction Co. (SK E&C) said Tuesday that it has clinched a 3.7 trillion won (US$3.2 billion) deal to build a petrochemical plant in Egypt.

Under the deal with Egypt's Carbon Holdings, a joint venture set up by SK E&C and U.S. engineering firm Shaw Group Inc.will build a petrochemical industrial complex with an annual production capacity of 1.35 million tons of ethylene. The complex will be set up in Ain Sokhna, some 120 kms east of Cairo.

The construction is scheduled to begin in 2012 and be completed by 2016, SK E&C said.

The builder said that the latest deal will help the company tap into Egypt and the rest of Africa.

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 20 October 2010  Egypt News 　　　　　　　　　　　1.35 million tonnes/year polyethylene

Contract let for PE facility in Egypt

Carbon Holdings of Egypt has let a project management consultancy contract to Foster Wheeler USA Corp. for a polyethylene facility at a petrochemical complex it is developing in Ain Sokhna, Egypt

Nameplate capacity is 1.35 million tonnes/year.

Foster Wheeler will provide technical support and consulting until financial close, expected in late 2011.

The facility is due on stream in 2015.

Earlier this year, Carbon Holdings licensed the Univation Technologies UNIPOL polyethylene process for three trains at Ain Sokhna with capacities of 450,000 tpy each.

One train will produce high-density polyethylene. Two swing lines are to produce linear low-density polyethylene and high-density polyethylene.

Last year, the US Trade and Development Agency awarded Egypt Hydrocarbon Corp. a $263,601 grant to evaluate the proposed construction of a steam cracker complex at Ain Sokhna capable of producing 400,000 tpy of propylene and 900,000 tpy of ethylene from naphtha.    取り止め？

Egypt Hydrocarbon Corporation (EHC) is an affiliate of Carbon Holdings

The propylene will be sold to the Oriental Petrochemicals Company and the ethylene converted into 900,000 tons of polyethylene.

In addition to the Project EHC is also developing Greenfield Ammonium Nitrate, Methanol and projects on the same site, a short distance away from the EBIC Ammonia project. The project financing is expected to reach financial close in 2010.

Oriental Petrochemicals Company (OPC), is a joint-stock company established in Egypt in 1996, located in the industrial zone of the North West Gulf of Suez, Egypt, specializing in the production of polypropylene.

OPC is the sole producer of polypropylene in Egypt, a hugely untapped market with a very promising future. OPC market share in Egypt is currently over 85%.

Production at OPC's state of the art plant commenced in July 2001, at a working capacity for its first train of 160,000 MT/year.

ORIENTENE is made by UNIPOL™ POLYPROPYLENE technology

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December 01 - 2010

Egypt Hydrocarbon Corporation concludes financing for nitric acid and ammonium nitrate complex in Suez

Egypt Hydrocarbon Corporation (EHC), an affiliate of Carbon Holdings, announced they have concluded financing and have begun work on a world-scale chemical complex in the Suez region of Egypt.

The complex includes both nitric acid and ammonium nitrate facilities.

The announcement was made by Mr. Basil El-Baz, Chairman and CEO of Carbon Holdings, at a signing ceremony for the $298,000,000 loan facility held in Cairo, Egypt.

The Initial Mandated Lead Arrangers for the loan facility are Ahli United Bank (Egypt) and Ahli United Bank (Bahrain) who are the Bookrunners, Banque Misr who is the Security Agent, and Commercial International Bank (Egypt) who is the Facility Agent.

The Engineering, Procurement and Construction contract and Technology Licenses have been executed with Uhde Gmbh, a wholly owned subsidiary of ThyssenKrupp AG.

"This project is a significant step for Carbon Holdings and EHC in our plan to execute three major projects over the next five years. As a private company, we have the ability to efficiently evaluate market dynamics and implement projects in a timely manner, and this project is the result of that capability," said Mr. El-Baz.

The complex converts ammonia feedstock to 925 metric tons per day of nitric acid which is further processed to produce 1,060 metric tons per day of low density ammonium nitrate.
Start-up of the facility is estimated in 2013.
　

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2011-04-01 [Source: chemweek]

Egypt Builds World's Largest Methanol Complex

Egypt Japan Petrochemical Corporation (EJPC), a company established by Mitsubishi Corporation and Chiyoda Corporation, is developing what it says will become the world's largest methanol manufacturing complex. The two-line facility will have a combined capacity of 6,000 m.t./day of methanol and will be based at Ain Sohkna, Egypt.

Egypt Japan Petrochemical Corporation - a joint venture between Mitsubishi Corporation and Chiyoda Corporation - is planning to develop with Egypt's Carbon Holdings the world's largest methanol plant at Ain Sohkna with combined capacity of 6,000tpd. Hydrogen-rich gas byproducts would be used in a separate 2,000tpd ammonia plant to be based at the same site for which Uhde is providing its process technology and engineering services. Work on the methanol/ammonia complex is scheduled to begin in 2012 with completion targeted for the middle of 2015. In addition to the methanol and ammonia complex, Carbon Holdings will commence construction of a 1,060tpd ammonium nitrate production facility in 2011.

29th March 2011
EJPC SIGNS LICENCE AGREEMENT WITH DAVY PROCESS TECHNOLOGY

Egypt Japan Petrochemical Corporation S.A.E. (EJPC) and Davy Process Technology Limited (Davy), a wholly owned subsidiary of Johnson Matthey Plc (JM), are pleased to announce the signature of a Methanol Operating Licence Agreement.
EJPC is developing a world scale combined methanol and ammonia project comprising a 6,000 metric tons per day methanol plant which will employ Davy’s technology and a 2,000 metric tons per day ammonia plant (the Project).

Carbon Holdings Limited (CHL) and Egypt Japan Petrochemical Corporation (EJPC) are implementing new downstream oil and gas infrastructure in Egypt at the Ninth Industrial Zone of the Ain Sohkna industrial area. In addition to the Methanol and Ammonia Complex, CHL will commence construction of a greenfield Ammonium Nitrate complex in 2011 and is making excellent progress and generating considerable interest in a greenfield Olefins Project.

2010/4

三菱商事が積極投資　千代田化工を傘下に

三菱商事は３月３１日、プラントエンジニアリング大手・千代田化工建設の608億円の第三者割当増資引き受けを発表した。同社への出資比率は10.3％から33.4％となり、持ち分法適用会社とする。

三菱商事の勝村元常務執行役員は「化学プラントは成長余地があり、千代化にはリソースがある」と期待を寄せる。千代化側にもカタールのＬＮＧプラントに集中する事業ポートフォリオを、三菱商事のネットワークを活用し多角化する狙いがある。

The project is being implemented together with Carbon Holdings Ltd. (Giza, Egypt), which is developing several projects in Egypt, and a number of undisclosed private investors. EJPC has signed a methanol technology agreement with Davy Process Technology, a Johnson Matthey subsidiary, which will also provide basic engineering. Detailed engineering and procurement services will be provided by Chiyoda. The plant will utilize steam reforming of natural gas in conjunction with the methanol synthesis process developed and licensed by Davy and Johnson Matthey.

Hydrogen-rich purge gas from the methanol loop will be used in a separate 2,000 m.t./day ammonia plant to be based at the same site. Uhde is providing its process technology and engineering services for the ammonia plant. Work on the methanol/ammonia complex is scheduled to begin in 2012 with completion targeted for the middle f 2015. Total investment cost is estimated at $2.5 billion.

The methanol project is "a key component in the development of Carbon Holdings' petrochemicals business," says James Bishop, CFO of Carbon Holdings. The company and EJPC are implementing new oil and gas infrastructure in the Ninth Industrial Zone of the Ain Sohkna industrial area in Egypt. In addition to the methanol and ammonia complex, Carbon Holdings will commence construction of a greenfield ammonium nitrate (AN) production facility in 2011. This plant will be designed to produce 1,060 m.t./day of AN and will be based on Uhde's technology. The ammonia unit will eventually feed the AN facility but until it starts production, ammonia will be supplied by Transammonia from existing plants located nearby or from other facilities.

Methanol from the new complex will be sold on world markets, including Japan, by Mitsubishi Corporation. Japan discontinued production of methanol several years ago.

Meanwhile, Carbon Holdings says that it is also making "excellent progress and generating considerable interest in a greenfield olefins project." Carbon Holdings previously announced plans to build a three-line Univation Technologies' Unipol process polyethylene complex at Ain Sohkna with a combined capacity for 1.35 million m.t./year.

Earlier this year, Methanex, the world's largest producer of methanol, started up a 1.3-million m.t./year methanol plant at Damietta, Egypt. This plant is operated by Egyptian Methanex Methanol Co. (EMethanex), owned 60% by Methanex. Egyptian government partners, including Egyptian Petrochemical Holding Co. (Echem; Cairo), Egyptian Natural Gas Holding Co. (EGas; Cairo), and Egyptian National Gas Co. (Gasco; Cairo), hold a combined 33% and Arab Petroleum Investment Corp. (Dammam, Saudi Arabia) holds 7%.

Petrochemical industries started in Egypt during the early 1950’s in Suez by the production of ammonia from surplus fuel gas from refineries. In the early 1960’s, it continued in parallel with the development of a coking plant based on onshore Belayim crude oil to produce dodecyl benzene, the primary material for detergent production.

In the late 1960’s, it was planned to construct two petrochemical complexes: Aromatic Complex in Suez and Olefins Complex in Amerya near Alexandria. Intensive feasibility studies were developed in this respect and it was finally decided to build a plant in Amerya to produce 80,000 tpy of PVC by the end of the 1970’s and production started in the early 1980’s.

This was followed by the construction of two plants for producing 300,000 tpy of ethylene and 200,000 tpy of polyethylene (HDPE,LLDPE). The production of synthetic rubber primary materials is not yet started (SBR, PBR - styrene and butadiene which are the two types consumed in Egypt). These primary materials are imported to produce tyres and other rubber materials.

For synthetic fibers, polyester is imported to produce polyester fibers and yarns. The plastic material industry was developed based on imported end petrochemical products like polyethylene and polyvinyl chloride.

Imports started to be used as intermediate materials in the production of final products, for example the ethylene , which was imported till the year 2000 for the production of PVC, started to be produced at Sidi Kerir petrochemical Co. Linear Alkyl Benzene , used in detergents prod, started to be produced locally since 1980 with a capacity of 40.000 tpy.

Egyptian Petrochemicals Company (EPC)

Egyptian Petrochemicals Company (EPC) was established in 1981 as a public Sector Company totally owned by the petroleum sector for purposes of production, trading , selling, importing, and exporting of petrochemical materials

Location: Petrochemicals Complex, Amreya.

Feedstock:
  1. Raw Salt
  2. Ethylene purchased from Sidi Kerir Petrochemical Company (Sidpec)

Product Capacities:
  1. PVC Resin 80 k ton
  2. PVC Compounds 30 k ton
  3. Caustic Soda (liquid, Flakes) 72 k ton
 
Start Up Date: 1987

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Sidi Kerir Petrochemicals Company (Sidpec)

Sidpec is an Egyptian Joint Stock company established on November 16, 1997 under Egyptian Investment Laws.

Location: Petrochemicals Complex, Amreya.

Shareholder Structure:
   Petroleum Sector 27 %
   Egyptian Banks   37 %
   Insurance Sector  13 %
   Others  23 %

Feedstock:
     Ethane/ Propane Mixture from the Egyptian Natural Gas Company (GASCO)

Products Capacity
   1. Ethylene 300 k ton
   2. Polyethylene ( HDPE & LLPE ) 225 k ton
   3. LPG 50 k ton
   4. Butane –1 10 k ton

2012年3月28日東洋エンジニアリング

エジプトエチレンプラント受注

東洋エンジニアリング株式会社（TOYO、取締役社長 山田 豊）は、丸紅株式会社の協力を得て、エジプト石油省傘下のエンジニアリング会社エンピ社（ENPPI）と共同で、同省傘下のエチレン関連製品・製造販売会社エティドコ社(ETHYDCO)が、アレキサンドリアに建設するエチレン製造設備及びブタジエン抽出設備を受注いたしました。2010年7月の入札以来、欧州勢・韓国勢との競争を経て受注したもので、当社が国営石油会社シドペック社(Sidi Kerir Petrochemicals Co.  :SIDPEC)向けに2001年完工したエチレンプラント（年産30万トン）に次ぐ、エジプト2基目かつ最大のエチレンプラントとなります。

本プロジェクトは、国内で生産される天然ガスを原料に、エチレン年産46万トン、ブタジエン年産2万トンとユーティリティ・オフサイト設備を建設するものです。TOYOとENPPIは米国ルーマス社の最新技術をベースに、設計から工事・試運転までのEPC業務を一括請負で実施します。プロジェクトの実行にあたってはTOYOがリーダーとなり基本設計と詳細設計の一部、主要機器の調達を担当、ENPPIは詳細設計、主要機器以外の機器・資材調達を担当し、両社共同で建設工事(石油省傘下の工事業者ペトロジェット社を下請起用)と試運転を実施します。受注金額は約 6億ドル、プラントの完成は2015年を予定しています。

TOYOは41件におよぶエチレンプラント実績を有し、またエジプトでは5件目の実績となります。同国では、経済成長に伴う石油化学製品の需要の高まりを受け、政府が2001年に石油化学増強20年計画を発表しており、本プロジェクトはこのナショナル・プロジェクトの一環として実行されます。TOYOは本プロジェクトを通じて、同国の経済及び技術水準の向上に貢献するとともに、下流のポリエチレンプラントなどの受注も目指します。

受注概要
客先 エティドコ社 [エジプト石油省傘下のエチレン関連製品・製造販売会社
         Egyptian Ethylene and Derivatives Company（ETHYDCO）]
受注者 東洋エンジニアリングと
         エジプトエンピ社 [Engineering for the Petroleum and Process Industries(ENPPI)] 共同
建設地 エジプト アレキサンドリア県アメリア地区
対象設備 エチレン年産46万トン、ブタジエン抽出プラント年産2万トン
役務内容 対象設備全体の設計、機器資材の調達、工事、試運転までの一括請負
工期 スタートアップまで36.5か月
受注金額 約6億ドル

2011/3/31  gulfoilandgas.com

ECHEM Launches Complex for Ethylene & its Derivatives

The Egyptian Holding Company for Petrochemicals (ECHEM) has confirmed that a consortium of banks will provide $ 925 million to finance the development of the ethylene and derivatives complex in Alexandria with a total investment of $ 7 billion Egyptian Pounds. According to ECHEM, the project will create 10 thousand direct and indirect jobs.

ECHEM clarified in a statement, that the consortium includes Misr Bank, Commercial International Bank (CIB), National Societe Generale Bank (NSGB), and Arabic African International Bank.

ECHEM has also indicated that the complex comprises several projects for the production of ethylene, polyethylene and derivatives of butadiene, in addition to the necessary facilities. The estimated time schedule for the project is 36 months. The complex will produce 460 thousand tons of ethylene per year, depending on the ethane -propane gas produced in the Western Sahara complex in Alexandria.

Major shareholders contributing in this project include ECHEM, Sidi Krier Petrochemicals Company (SIDPEC), GASCO, in addition to a number of state-owned banks including the National Bank of Egypt, the National Investment Bank, Misr Bank, and Nasser Social Bank.

A ministerial decree has been issued on 22nd of January 2002 to establish “ Egyptian Petrochemicals Holding Company (ECHEM).”

Echem was established in 2002 mandated to develop the petrochemical industry in Egypt through implementing the petrochemicals master plan, facilitating investor access to resources & guidance , establishing a technological database & supporting the management of operating companies and existing plants.
Petrochemical industries started in Egypt during the early 1950’s in Suez by the production of ammonia from surplus fuel gas from refineries. In the early 1960’s, it continued in parallel with the development of a coking plant based on onshore Belayim crude oil to produce dodecyl benzene, the primary material for detergent production.

04 Apr 2011

Sidi Kerir: Egyptian for Ethylene and Derivatives’ investments hit LE 8 bln Send us your feedback about Arab Finance

Ashraf Baha Alddin Al Baqli, CEO and Managing Director of Sidi Kerir Petrochemicals - (SKPC), stated that The Egyptian Company for Ethylene and Derivatives’ investments, which was established in cooperation with the Holding Company for Petrochemicals and Egyptian Gas Company “GASCO”, amount to LE 8 billion.

The Egyptian Petrochemical Holding Company 40%
Sidi Kerir for Petrochemicals 30%
GASCO 30%

460 thousand ton/year of Ethylene
Produced Ethylene will be used  in the manufacture of Polyethylene, Styrene ,Poly vinyl chloride ,and Vinyl Acetate Monomer(under study)

　

Such investments will be financed from 65 % loans and the remaining 35 % of finance, adding that Sidi Kerir’s stake will include Ethylene plant’s license with 460.000 ton amount to LE 53 million as well as Butadiene unit with 20.000 ton annually, in addition to lands purchased in the past few years, he told Arab Finance.

In a related context, he pointed out that the company is conducting negotiations with a number of banks in order to share in the new company’s finance and they had agreed, adding that no foreign banks were invited to share in establishing the new company.

　

　

2011-09-13
Linde-KCA-Dresden GmbH was awarded a basic engineering design for a 400 KTA polyethylene plant in Alexandria, Egypt.

Scope: Basic engineering package based on Univation PDP
Client: Univation Technologies
End Customer: ETHYDCO (Egyptian Ethylene & Derivatives Co.)
　

Sidi Kerir Petrochemicals Company (Sidpec)

Sidpec is an Egyptian Joint Stock company established on November 16, 1997 under Egyptian Investment Laws.

Location: Petrochemicals Complex, Amreya.

Shareholder Structure:
   Petroleum Sector 27 %
   Egyptian Banks   37 %
   Insurance Sector  13 %
   Others  23 %

Feedstock:
     Ethane/ Propane Mixture from the Egyptian Natural Gas Company (GASCO)

Products Capacity
   1. Ethylene 300 k ton
   2. Polyethylene ( HDPE & LLPE ) 225 k ton
   3. LPG 50 k ton
   4. Butane –1 10 k ton

February 15, 2015 dailynewsegypt.com　

Egyptian-Kuwaiti partner in several sectors with investments worth $6.8bn: Cabinet

On Sunday, Egypt and Kuwait signed a memorandum of understanding to invest in projects in the petrochemical and phosphate fertiliser sectors.

The projects include: a complex for polypropylene production and its derivatives; a project for formaldehyde and its derivatives; and a complex for phosphate fertilisers and complex fertilisers. Total investments for the projects come to a total of approximately $6.8bn, according to Prime Minister Ibrahim Mehleb, who attended the signing of the memorandum.

The cabinet statement announced that the companies that signed the agreement are: Egyptian Petrochemicals Holding Company (ECHEM) and Egyptian Phosphate Company, from the Egyptian side; and Egyptian-Kuwait Holding, Saudi International Petrochemical Company (SIPCHEM), Bawabet Al-Kuwait Holding Company, and Boubyan Petrochemical Company (BPC) from the Kuwaiti side.

ECHEM President and Chairman Mohamed Safaan said the projects are a partnership with Kuwait in terms of conducting studies and fund. The projects, according to Safaan, are still under study regarding their implementation area, and it is possible that some of them will be built in the Suez Canal axis.  スエズ運河アクシス（スエズ運河とその周辺地域）

“The oil sector is one of the sectors that attract investments from the two sides. These projects are, thus, of great importance even if they will need about five to six years to be completed and start production,” Saafan said. “We are, however, positive about their outcome and the revenue they would add to investments in such a vital sector.”

Kuwait Industries Union Chairman Hussein Al-Kharafi said: “The projects will provide great job opportunities which would amount to 28,000 direct and indirect opportunities. They will also boost Egypt’s ability in oil production to meet the needs of the local market and open an export market.”

The Kuwaiti side was eager to start these projects after seeing support from both sides and some political stability in Egypt recently. Al-Kharafi expects that the work on these projects would take between three to five years, while some of them would be built near the new Suez Canal. Feasibility studies would first be conducted on these economic projects.

The projects will be presented to investors during the Economic Summit, according to the Prime Minister, within the proposed projects in the oil sector. As per a request from the interested Kuwaiti side, they signed a memorandum of understanding to conduct studies for these projects.

The statement added that the projects include a propylene complex and its derivatives, which will produce the products using the available amounts of propane, with facilitations from Alex Gasco instead of exports.

The complex’s production capacity is expected to between 420,000-470,000 tonnes of propylene and its derivatives annually through using roughly 320,000 tonnes of propane. The project will be built in Amreya, Alexandria, with a total investment cost at $2.5bn, and it is estimated to start operations in 2020.

The partnership also includes building a complex for refinement and petrochemicals with an estimated investment of up to $3bn.
Phase I of the project includes exploiting the production capacities of the refineries in Suez through providing imported crude oil and refining it in the existing refineries in Suez Cement Company and Nasr Petroleum Co. This will be in return for producing oil derivatives, including naphtha, diesel, and kerosene as well as other products that would meet the needs of the local marker through Egyptian General Petroleum Corporation (EGPC).

Surplus will be exported with the consent of the Petroleum Authority and optimal utilisation of naphtha will be considered in cooperation with Suez Petroleum services through units for petrochemical material production.

There is a project to produce formaldehyde and its derivatives, aiming at 70,000 tonnes per year from formaldehyde and its derivatives that include urea formaldehyde, polyvinyl acetal, phenol-formaldehyde and melamine-formaldehyde. Production of these materials will depend on 30,000 tonnes of methanol per year from the Egyptian company, Methanex Corporation, located in Damietta, and also on urea, produced from fertiliser companies in Damietta and Alexandria.

The project will be launched in the industrial area of Metoubes in Kafr El-Sheikh, with an investment cost of $100m and is planned to start in 2018.

The complex and phosphate fertilisers compound project (Phosphate Misr and Abu Qir Fertilizers Co.) aims to establish a compound to manufacture phosphoric acid and complex and phosphate fertilisers. It will use nearly 3m tons annually from phosphate mines in Abu Tartur mine in New Valley to cover the local market and export the surplus.

The design capacity of the project is estimated at 500,000 tons of phosphoric acid, 350,000 tons of triple superphosphate, and 350,000 tons of double ammonium phosphate per year.

The project, located in Abu Tatur in New Valley, will have $1.2bn worth of investments, and is expected to be finished in three years.