Total to ink contract with Egyptian Petrochemicals Holding Co for olefins unit

French energy company Total is on the verge of signing a contract with the Egyptian Petrochemicals Holding Company to establish a US$3 bln plant for the production of olefins by steam cracking of natural gas, as per The plant is planned to be established in the industrial zone in the North West of the Gulf of Suez, and will include a methanol-to-propylene processing unit. The expected production capacity of the plant will reach an annual 470,000 tons of polypropylene, 185,000 tons of gasoline, 40,000 tons of LPG, and 530,000 tons of acetic acetic. The plant will be established over a three-year period, to begin production by late 2014.
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