Egypt’s Minister of Petroleum and Mineral Resources, Tarek El Molla, affirmed that the oil sector is moving forward with comprehensive developments in the petrochemical industry, whether through new projects or the development of existing ones, Egypt Oil&Gas cited a ministry’s press release.
The minister recently conducted a visit to inspect the execution of the ethylene project and its derivatives, as well as the development of other projects, which were implemented by the Egyptian Petrochemical Company (EPC) in Alexandria.
During the tour, EPC Chairman, Saeed Mohamed, announced the implementation of new projects and the coordination with Sidi Kerir Petrochemicals (SIDPEC) and Ethydco to meet the company’s ethylene needs, contributing to an increase in the company’s production capacities. The company’s polyvinyl chloride production increased by 52% from last year, caustic soda by 36%, and polyvinyl chloride components 61%. The company’s overall sales reached EGP 902 m, a rise of roughly 78% compared to last year.
The minister also inspected the Egyptian Ethylene and Derivatives Company’s (Ethydco) project, which has absorbed a total investment of roughly $1.9b. Ethydco Chairman, Abdel Rahman Zaid, stated that a test run for the polyethylene and butadiene production line is underway, and EPC’s production capacity will reach roughly 460,000 tons of ethylene, 400,000 tons of polyethylene, and 26,000 tons of butadiene derivatives.