Establishing A $100M Synthetic Rubber Factory in EgyptSource: www.gulfoilandgas.com 12/21/2017, Location: Africa
Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources received a report from Chemist Saad Helal, Chairman of the Egyptian Petrochemicals Holding Company (ECHEM). The report clarified the procedures of implementing a Synthetic rubber “polybutadiene” factory is currently taking place inside Egyptian Ethylene and Derivatives Company (Ethydco’s) compound in Alexandria. Considered one of the most important petrochemical industry projects that was inaugurated by President Abdel Fatah El Sisi in August 2016. The new factory represents the Ministry’s Strategy in implementing the value-added projects that aim to achieve distinguished economic revenues for the state treasury from manufacturing material and production inputs instead of exporting them as raw materials.
The report clarified that the investment costs for establishing the polybutadiene factory, affiliated to Ethydco company, is valued about $100 million, with production capacity of about 36 thousand tons of Synthetic rubber “polybutadiene”. It uses the butadiene product, produced in Ethydco compound, as a production input, which is currently being exported.
Furthermore, the report mentioned that the new factory would contribute to full filling the demand of the local market for this product. Many important supplemental industries are based on this product such as; tires, conveyor belts, carpets, polystyrene and many more different industries. In addition, part of the product will be used for exporting especially to Asian and Pacific Ocean regions, providing foreign currency.
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