Egypt exported polyvinyl chloride (PVC) and liquid caustic soda to Italy, Portugal, Cyprus, Greek, Brazil, Morocco, Jordan, Syria, Sudan, and Algeria at a cost of $17 million, with total investments reaching EGP 355 million, according to a press release.
Chairman of the Egyptian Petrochemicals Holdding Company (ECHEM), Mohamed Abdel Aziz, said that the rate of petrochemical production reached 88,000 tons which produced about 42,400 tons of PVC and 33,700 tons of liquid caustic soda worth EGP 510 million.
Abdel Aziz showcased the implemented projects as well as ongoing projects to raise production capacity of PVC from 80,000 tons to 200,000 tons yearly.
This was presented during the general assembly meetings of some petrochemical companies; including ECHEM and Amreya Petroleum Refining Company’s (APRC). Tarek El Molla, Minister of Petroleum and Mineral Resources, encouraged connecting refineries to the Egyptian General Petroleum Corporation (EGPC) through the ERP management system, in addition to utilizing a linear software system in order for the industry to reach a new milestone during the coming period.
Medhat Bahgat, the Chairman of Alexandria Petroleum company, stated that $360 million petroleum products were exported to Italy, Spain, Holland, Tunis, Malta, and Denmark in addition to feeding companies of Alexandria Mineral Oils (AMOC), Alexandria National Refine and Petrochemical (ANRPC), Alexandria Specialty Petroleum Products (ASSPC), Egyptian Linear Alkyl Benzene (ELAB) with amounts of mazut and naphtha worth $434 million. He added that 4.5 million tons of crude oil were refined, contributing to fulfilling the local market needs of petroleum products.
For his part, Ali Badr, APRC’s Chairman, stated that the company refined 3.6 million tons of crude; contributing to 15% of Egypt’s total refining capacity in fiscal year (FY) 2019/20. He noted that APRC was able to provide several petroleum products with investments of EGP 219 million. These products include; butane, diesel, gasoline, kerosene, mazut, alkylbenzene, oils, and special products.
El Molla stressed the importance of developing the refining and manufacturing system to meet the needs of the local market of petroleum products, taking into consideration the commitment to preserve the environment. The minister indicated that several new projects will be implemented in refineries to increase operations efficiency.