Toyo Engineering Corporation (TOYO, President and CEO Yutaka Yamada) and ENPPI, an engineering company under the Egyptian Ministry of Petroleum, have been jointly awarded a contract to build a 460,000 T/Y ethylene plant and a 20,000 T/Y butadiene extraction plant as part of Ethydco's petrochemical complex to be established in Alexandria, the Arab Republic of Egypt, and owned by ETHYDCO (The Egyptian Ethylene and Derivatives Company), a newly established company under the investment law no. 8/1997 of Egypt. This will be TOYO's second ethylene plant in Egypt after 300,000 T/Y ethylene plant completed in 2001 for Sidi Kerir Petrochemicals Co. (SIDPEC).