Egyptian Petrochemicals Holding Company (ECHEM) has contributed to the petrochemicals industry in Egypt by increasing production rates of petrochemical products from 600 tons per year when it was founded in 2002 to up to 4 million tons annually in the Fiscal Year (FY) 2018/19, according to a press release by the Ministry of Petroleum and Mineral Resources.
The Head of ECHEM, Saad Helal, confirmed during a meeting with Minister of Petroleum and Mineral Resources, Tarek El Molla, that ECHEM implemented several projects to produce derivatives of propylene, ammonium, formaldehyde, and Medium-Density Fiberboard (MDF), with investments reaching $2 billion.
Helal also confirmed the company’s relentless efforts to ensure the safety, professional health and environmental protection. ECHEM also strives to organize awareness campaigns aimed at educating people about energy rationalization.
Wrapping up the meeting, El Molla underlined the importance of petrochemicals in enhancing the national economy and maximizing the value-added oil resources.