TCI Sanmar Chemicals SAE plans to invest US$150 mln in phase 2 of project

31-Oct-14

The Sanmar group, which has established a huge chemicals complex in Port Said, Egypt - TCI Sanmar Chemicals SAE, plans to invest an additional US$150 mln in phase 2 of the project. This will involve setting up a new PVC plant with a capacity of 200,000 tons and expansion of its ethylene manufacturing capacity by 60,000 tons. After this round, the total investment will be US$1.3 bln (?7,800 crore). Sanmar had acquired Trust Chemicals Industries in March 2007 and renamed it as TCI Sanmar Chemicals. In the first phase, its plan was to manufacture 275,000 tons caustic soda, 60,000 tons of green ethylene from ethanol and 200,000 tons PVC in a year. “The caustic soda plant is operating at around 90% capacity while the PVC plant is operating at around 60% capacity and will reach 100% by March 15 when a new drier would have been commissioned. The Phase-II expansion work involving setting up another PVC plant of 200,000 ton capacity (thus taking the total capacity to 400,000 tons) and enhancing the ethanol to ethylene capacity to 120,000 tons would involve an investment of US$150 mln. We will start implementation of Phase-II after achieving financial closure for which we are working,” said PS Jayaraman, Chairman, TCI Sanmar.