Egyptian Petrochemicals Holding Co receives bids for US$2 bln petrochemicals complex

Egyptian Petrochemicals Holding Co has said it has received bids for a contract to build a US$2 bln petrochemicals complex at Alexandria, on Egypt's northern Mediterranean coast as per Meed. The list of bidders include Saipem, Tecnimont, Toyo Engineering & Construction, and Samsung Engineering & Construction. The plant will crack ethane to ethylene, which will be used to produce the basic plastic polyethylene. The complex will produce 750,000 to 1 million tpa ethylene.
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