Minister of Petroleum and Mineral Resources Karim Badawi and Vice Admiral Mohab Mamish have witnessed the signing of a shareholder’s agreement to establish the Alexandria Supply Chain Company. 

This agreement aims to create a permanent marine facilities station in Dekheila Port in Alexandria Governorate to secure the current and future needs of raw materials for the petrochemical companies operating in Alexandria.

The facility also aims to secure the needs of the projects considered within the national plan for the petrochemical industry.

The new company aligns with the vision of the Political leadership of securing a sustainable supply of raw materials for the petrochemical industry, particularly liquefied ethane gas, in trading quantities of up to 1.1 million tons per year (mtpa).

Minister Badawi indicated that the new company is considered a quantum leap for serving the petrochemical industries in Egypt in general.

The $660 million project would be implemented in partnership between the Egyptian Petrochemicals Holding Company (ECHEM), Sidi Kerir Petrochemicals Company (Sidpec), the Egyptian Natural Gas Company (GASCO), and Gama Construction. Studies of the project showed full adherence to the highest qualitative standards, environmental sustainability, health, and occupational safety as Badawi noted.

ECHEM Chairman Ibrahim Mekki highlighted that the marine berths consist of two docks, each 400 meters long and 20 meters deep. These berths include a ground area of 400,000 square meters designated for the creation of storage warehouses, gasification units, and all necessary services and facilities for the station.

Mekki pointed out that these marine berths will enhance the Egyptian petroleum sector’s capabilities of receiving, storing, and gasifying liquefied ethane gas, as it can receive giant tankers with a capacity of up to 300,000 tons and operate at an annual rate of up to 5 million tons.