Egypt to invest US$750 mln in project to produce propylene and polypropylene compounds

28-Feb-07

A new petrochemical project is being planned in Port Said, Egypt, at an investment outlay of US$750 mln. The complex is being planned with a capacity of 400,000 tons annually towards producing propylene and polypropylene compounds. Cooperation of the Egyptian private sector has been instrumental in establishing this project of high economic feasibility, will help boost exports, provide local needs and consequently, back up national economy.