South Asia Petrochem to build polyethylene terephthalate (PET) resin plant in Egypt

12-Jul-10

Plans are underway to build a polyethylene terephthalate (PET) plant in Egypt by India’s South Asia Petrochem (SAPL). To be built at an outlay of US$170 mln, at the approved site at Port Said, start-up is planned for March 2012. SAPL had earlier suspended the project due to lease deed problems at its initially proposed site at Port Said. But the project has been resumed after fresh approval from the Egyptian Government for the restructured project. Output from the plant will cater to demand in Egypt – a net importer of PET bottle chips, and, due to its strategic location will also be exported to North Africa, Europe, USA and the Middle East.