Egypt plans 8 mega petrochem projects

05-Mar-07
Egypt has decided on a national plan to set up 8 giant petrochemical projects at a total investment of US$6 billion. This amount of investment outlay will include US$ 3.5 million from foreign partners. The foundation stone of a new project in Port Said has been laid for production of propylene and polyproplyene Total cost of the giant project with a total capacity of 400,000 tpa is estimated at US$750 million.
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