Feasibility study underway for US$1.5 bln propylene project in Egypt

03-Sep-14

A feasibility study for a propylene production project in Alexandria worth US$1.5 bln in investments is underway, according to an undisclosed international consultancy said an official from the Egyptian Petrochemicals Holding Company (ECHEM), as reported by dailynewsegypt.com. The feasibility study is expected to be completed over the coming year. Following this, the search for funders will begin. Implementation is set to begin in 2015 if funders are available. Feasibility studies will be completed for three other petrochemicals projects worth a total of US$540 mln in investments at the beginning of 2015. This a plant for bio-ethanol production from molasses through investments worth US$250 mln in order to produce 100,000 tpa of ethanol. Implementation is expected to take place thru 2015-2016 fiscal year. A second project involves construction of a plant to produce another 100,000 tons of bio-ethanol annually from rice hulls with investments worth US$240 mln. The project is expected to be implemented during FY 2016-2017. The third plan involves increasing PVC production by 40,000 tpa with investments of US$50 mln. Implementation is set to take place during FY 2016-2017.