Cairo – Mubasher: The Egyptian petroleum ministry announced that a consortium of Petroleum Projects & Technical Consultations Co (Petrojet) and the Italian oil and gas industry contractor Saipem has won the Egyptian Ethylene and Derivatives Co’s (Ethydco) polybutadiene production project.
The polybutadiene production project, the first of its kind in Africa, will be implemented at Ethydco’s petrochemicals complex in Alexandria at a cost of over $150 million with a production capacity of around 36,000 tonnes of polybutadiene, the ministry said in a statement.
The new project is a major step for Ethydco’s complex expansion, which was opened by President Abdel Fattah El-Sisi in August 2016, petroleum minister Tarek El-Molla said.
The ministry aims to develop and upgrade the petrochemical industry through this project under the supervision of the Egyptian Petrochemicals Holding Company (ECHEM), El-Molla added.
