Suez Oil Processing Company (SOPC) plans to produce 2 million tons per year of different petroleum products in fiscal year (FY) 2019/20, said Mohamed Eliwa, head of the company, according to Al Borsa News.
The company will conduct a number of projects with investments around EGP 700 million, Eliwa stated.
The plan includes a rehabilitation program for the coking complex and the butane producing unit, which aims to secure high-quality petroleum products through boosting diesel and butane production capacity, he added.
The company will also establish an asphalt production plant and a boiler for producing the steam required for electricity and petroleum rationalization projects. SOPC will further develop health, safety and environment (HSE) systems.