EGYPT - Petrochemical Sector To Reach 15M T/Y.The petrochemical petrochemical, any one of a large group of chemicals derived from a component of petroleum or natural gas. The cracking processes for manufacturing gasoline produce vast quantities of gaseous hydrocarbons. sector in Egypt has grown rapidly in recent years. Under a 20-year, $10 bn plan adopted in late 2000, another expansion in this sector will raise the country's production of petrochemicals to 15 million tons per annum Per annum
Yearly. for the local market and for export, with new ventures to involve both the private sector and a new state-owned holding company for this business.
The increasing availability of natural gas has been an important factor behind the expansions and the new plan. Based on a masterplan drawn after recommendations were presented to the government in Sept. 2000 by Chem Systems, the plan calls for 24 petrochemical complexes to be built in big industrial zones along the Mediterranean and Suez/Red Sea coastlines.
Egypt's petrochemical plants now are concentrated at Ameriya, 30ykm from Alexandria. Plenty of gas feedstocks are available at Ameriya, piped mainly from the Western Desert gas fields. Private petrochemical ventures are under construction in the Suez area and the Nile Delta
The Nile Delta (Arabic:دلتا النيل) is the delta formed in Northern Egypt where the Nile River spreads port of Damietta where free zone facilities provide very attractive tax breaks and other incentives.
The petrochemical sector was developed late, relative to the country's extensive capabilities in other industries. The first step towards establishing a petrochemical industry was taken in 1979, with an agreement between EGPC EGPC Egyptian General Petroleum Corporation and Montedison of Italy to build a complex at Ameriya. Montedison later pulled out. In 1982 EGPC decided to go ahead with the project on its own. Egyptian Petrochemical Co. (EPC (1) (Entertainment PC) See HTPC.
(2) (Electronic Product Code) A standard code for RFID tags administered by EPCglobal Inc. (www.epcglobalinc.org). ), a fully-owned unit of EGPC, was formed in the same year to undertake the Ameriya project.
With local demand for petrochemicals expected to grow at an annual rate of 5-10% over the next ten years, projects worth billions of dollars are under construction or planned for this business, involving private investors from Egypt, Saudi Arabia Saudi Arabia (sä`dē ərā`bēə, sou`–, sô–), officially Kingdom of Saudi Arabia, kingdom (2005 est. pop. and Kuwait.