Sidi Kerir Unit receives 5 offers for ethylene project

Egyptian Co. for Ethylene Production, a unit of Sidi Kerir Petrochemicals Co. (SKPC), received five offers for construction of a polyethylene plant, as per Al Mal. The company has government approval to obtain a bridge loan of US$240 mln, part of total loan finance of US$1.25 bln sought for the project. The plant, which will have a capacity of 400,000 tpa, will be built in the coastal city of Alexandria, Al Mal said. Egyptian Co. will sign in a few days an agreement with five local banks for the US$1.25 bln, including National Bank of Egypt, Commercial International Bank of Egypt, Arab African International Bank, Banque du Caire and Banque Misr.
  More News  Post Your Comment
{{comment.Name}} made a post.




There are no comments to display. Be the first one to comment!


Name Required.


Email Id Required.

Email Id Not Valid.


Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.

Message Required.

Click to Change image  Refresh Captcha