South Korea's SK Engineering & Construction Co. (SK E&C) has secured a US$3.5 bln contract to build a petrochemical plant in Egypt. The agreement has been made with Egypt private company Carbon Holding- a JV between SK E&C and U.S. engineering firm Shaw Group Inc.
The petrochemical complex to be built in Ain Sokhna, around 120 km east of Cairo, will have ethylene production capacity of 1.35 mln tpa. Construction is scheduled to begin in 2012 and be completed by 2016.
21-Sep-11 
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