Gulf Oil and Gas accountACCOUNT

Establishing A $100M Synthetic Rubber Factory in Egypt

Source: www.gulfoilandgas.com 12/21/2017, Location: Africa

Share |
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.

For more information about related Opportunities and Key Players visit Egypt Oil and Gas Projects

Petrochemicals News in Egypt >>

Saudi Arabia >>  1/18/2018 - CB&I has entered into a Joint Development Agreement with Saudi Aramco that includes Chevron Lummus Global (CLG), CB&I's joint venture with Chevron U.S...
Iran >>  1/14/2018 - Iranian petrochemical companies have signed several memoranda of understanding (MoUs) with European firms which will soon turn into contacts. Iran ey...

Egypt >>  12/21/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources received a report from Chemist Saad Helal, Chairman of the Egyptian Petrochemicals Ho...
Russia >>  11/28/2014 - The Board of Directors of Gazprom Neft has reviewed information on the progress of the modernisation of the company’s oil refining facilities, and the...

Related Categories: Agents, Anti-foaming  Aromatic Solvents  Butene  Cleaning  Corrosion Inhibiting  Crude Oil  Diesel Fuel  Ethylene  Fluids Drilling, Completion, Workover & Stimulation  Fluids/Chemicals  Fracturing Sand  Fuel oil  Gasoline (Lead free)  General  Grout  Jet fuel  Kerosene. Domestic use  Lubricants, Oils & Greases  Nitrogen  Oil Treating & Refining  Polyethylene  Polyvinyl chloride  Propane  Sand, Sandblast  Summer Diesel  Surfactants 

Related Articles: Aromatic Solvents  Butene  Cleaning  Corrosion Inhibiting  Crude Oil  Diesel Fuel  Ethylene  Fluids Drilling, Completion, Workover & Stimulation  Fluids/Chemicals  Fracturing Sand  Fuel oil  Gasoline (Lead free)  General  Jet fuel  Kerosene. Domestic use  Lubricants, Oils & Greases  Nitrogen  Oil Treating & Refining  Polyethylene  Polyvinyl chloride  Propane  Sand, Sandblast  Surfactants 


Egypt Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 |

More News

 

Oil & Gas Companies in Egypt >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.