Chemist / Hegazy,establishing the largest logistical support project for the petrochemical industry have been initiated, which will be held in Alexandria in cooperation between the Petrochemical Holding companies and Ethydco and Sidpec”, as the new project represents the necessary infrastructure to meet the needs of the petrochemical factories in Alexandria.
Establishing the largest logistical support project for the Petrochemicals industry in Alexandria
Chemist Abdel-Majid Hegazy, President of the Egyptian Company for the Production of Ethylene and Its Derivatives "Ethidco", confirmed that the target production plan was achieved during 2018 by more than 100%, by about 381 thousand tons of polyethylene and about 19 thousand tons of butadiene and its derivatives to contribute to fulfilling part of the needs of the local market and exporting the product. Al-Masry to foreign markets to achieve dollar revenues.
During the company's general assembly headed by the Minister of Petroleum, Hegazy pointed to the success of efforts to open new export markets for polyethylene in West Africa and the Nile Basin countries, which contributed to the increase in the number of countries that receive the exports of the Aethidco complex to about 56 countries worldwide.
He explained that the procedures for establishing the largest logistical support project for the petrochemical industry have been initiated, which will be held in Alexandria in cooperation between the Petrochemical Holding companies and “Ethyedco and Sidec”, as the new project represents the necessary infrastructure to meet the needs of the petrochemical factories in Alexandria.
He said that a group of warehouses will be established and linked to the sea with shipping and unloading facilities for ships in the port and by land to the petrochemical industry complex in the Renaissance area in Alexandria, which will increase the storage capacity of raw materials and meet future needs and support the increase in the production and export capacities of petrochemicals in the future, especially as a study is being conducted to increase the production capacity of the Ethydco complex from polycarbonate. Ethylene by 50% by adding a third production line and increasing the production capacity of the ethylene plant by 130%. Hegazy added that the Solvay Alexandria Company for Sodium Carbonate has been acquired and transferred to the Petrochemical Logistics Services Company, and the preliminary designs for the project and the economic feasibility study are underway, which is planned to be completed by the end of this month. He pointed out that preparations are underway to start implementing the "polybutadiene" synthetic rubber plant project with investments of $ 100 million and a capacity of 36 thousand tons annually, within the framework of new expansions to increase production capacity, as this product enters as inputs in 12 industrial activities, most notably the manufacture of car tires and belt drives in Factories, cars, etc., and the technical evaluation of the tender offers to choose the general contractor for the implementation of the project is being completed