US$ 450 million investment in petrochem plant in Egypt

16-Feb-05
The Middle Eastern region is rich in readily available petrochem feedstock at a cost advantage. To enhance the value of natural resources, Egypt is to very shortly see an upcoming petrochemical company at an investment of US$ 450 million by the Egyptian Holding Company for petrochemicals, the Oriental Weavers Group and Sharqioun for petrochemicals. The new facility will produce propylene and 350,000 tons polypropylene.
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