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Will Egypt invest in petrochemicals in the near future?
 

Egypt has significant reserves of natural gas. Some estimates indicate that Egypt has almost 60 trillion cubic feet gas reserves, mostly in the Western Desert and the Gulf of Suez. So far this gas is used for power generation. No major petrochemical investments have yet materialised, despite the fact that almost 1.2 million tonnes of commodity plastics like PE, PVC and PS are used in Egypt. Almost all these petrochemicals are imported either from Saudi Arabia, Korea or India.

The Egyptian Government has been contemplating the setting up of major petrochemical projects including:

A 1 million tpa of Ethylene cracker and Polyethylene plant. The Government of Egypt is in the advanced stage of developing a joint venture with Chevron Phillips.
Another project is expected to produce propylene and LAB
The other project is expected to produce  Methanol as well as Styrene/Polystyrene.
To support the carpet factories of Oriental Weavers Group, there is a possibility of doubling the capacity of PP Plant from the existing 160K tpa. Propylene for this project would be obtained from the new 350K tpa dehydrogenation project.

All these projects are at an advanced stage and could be finalized by 2004.

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