Sidi Kerir Petrochemicals Company (Sidpec) has evaluated the six offers submitted to obtain licenses for establishing propylene and polypropylene factories as part of its new expansion project, Egypt Oil & Gas reports.

The company aims to obtain the necessary licenses for the factories from licensed international companies.

Sidpec chose UOP International for the propylene factory license and Grace International Company to provide the polypropylene factory license.

A report submitted by Saad Helal, head of Egyptian Petrochemical Holding Company (ECHEM), to Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, said that the procedures for contracting and obtaining licenses from these companies are ongoing.

The project aims to establish a propylene factory with an annual production capacity of 500,000 tons and a polypropylene factory with an annual production capacity of 450,000 tons. The project is set to be completed by the beginning of 2022.