Egypt Hydrocarbon Corporation ("EHC") has announced a further step in the development of its Greenfield Olefins Complex consisting of a 2.5 mln tpa Naphtha Cracker and 2 x 450,000 MTPA Polyethylene Complex at Ain Sokhna on the Suez coast of Egypt (the "Project"), with the selection of HSBC Bank plc as its financial adviser. The complex will produce 900,000 tpa of ethylene and 400,000 tpa of propylene. The propylene will be sold to the Oriental Petrochemicals Company and the ethylene converted into 900,000 tons of polyethylene.
13-Nov-08 
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