The Egyptian Petrochemical Company (EPC) is planning to produce 90,000 tons of polyvinyl chloride, 65,000 tons of caustic soda, and 15,000 tons of hydrochloric acid in fiscal year (FY) 2018/2019, EPC’s Head, Gaber Ahmed, stated during the general assembly chaired by Minister of Petroleum and Mineral Resources, Tarek El Molla, to view the company’s budget for FY 2018/2019, Egypt Oil & Gas reports.
The company is studying the establishment of a new project to produce Olefins and to establish a new polyvinyl chloride production line in order to increase the added value from natural gas, Ahmed said.
The ministry of petroleum is supporting public sector companies that are working in refining and petrochemical fields. The ministry aims to empower these companies to complete expansions on a fast pace in order to increase production and national profit, El Molla pointed out.
The minister emphasized expansions will go parallel to renovation and development work, looking at meeting the global progress in these fields. He noted that the public sector’s companies have the potential for progress, whether equipment, experience, human resources, or work system mechanism.