ABOUT ECHEM

SUCCESS STORIES

  Ten years of serious devotion materialized the unceasing efforts into reality through the completion of the phase I projects of the master plan, with a total investment cost of 45 Billion EGP achieving into production best rates for project coming.

Egyptian Linear Alkyl Benzene (ELAB) was the first to be implemented, with a total capacity of 100 Thousand T/Y and an investment cost of 532 Million USD. Its production is set to meet the demand of local market for Alkyl Benzene used in the manufacture of liquid and powder detergents. Surplus production is exported to global markets.

As for Misr Fertilizers Production Company (MOPCO), it is considered as one of the largest fertilizer plants in Egypt and Middle East. The company was established in July 1998 in Damietta free zone. The first train capacity reached 600 Thousand T/Y of Urea to meet local market demands while exporting the surplus to more than 13 countries. The high quality and good reputation of our products led to its being widely spread to the world's largest markets like Europe, America and India.

Moving forward and based on international gas prices, MOPCO Expanded to build the 2nd and 3rd trains to produce 1.4 Million T/Y of Urea, with a total investment cost of 950 Million USD funded by national banks and financial institutions. The overall total investment cost reached 1800 Million USD in which national capital constituted 70% while Arab and foreign capitals 30%.

Egyptian Methanex Methanol Company (EMethanex) is the Egyptian joint venture operation of Methanex Corporation, the global leader in methanol industry supply, distribution and marketing. Methanex holds a 60% interest in EMethanex joint venture, while a number of national entities hold an interest of 40%.

EMETHANEX start-up has been look up to as a foundation stone for a number of blooming industries like the manufacturing of solvents, paint, adhesives, and medical supplies. The project, which is located in Damietta Port, has a plant capacity of 1300 Million T/Y Methanol and a total investment cost of 1022 Million USD. The plant commenced in 2011 with high performance production rates.

Egyptian Propylene & Polypropylene Company (EPP) commenced production as well in 2011 to produce 400,000 T/Y Propylene and Poly Propylene, with a total investment cost of 800 Million USD. Propylene and Poly Propylene have a wide range of usage in the production of plastics, packaging and rugs. The national capital plays an important role in nourishing this profitable plant with 52%, while the private sector together with a number of Arab investment entities holds 48 %.

The year 2012 holds a thriving prospective for a number of projects to commence production and generate challenging revenues to the national income. First and foremost is Egyptian Styrenics Production Company (ESTYRENICS). The plant is located in Al-Dekheila Port - Alexandria, with a total investment cost of 410 Million USD; fully subsidized by national capital. The Poly Styrene produced is set to be feedstock for the production of packaging, vehicle equipments, building materials, and other important industries.

Last but not least is Egyptian Indian Polyester Company (EIPET), the first petrochemicals plant to be located in Al-Ain Al-Sokhna - Suez. The total investment cost of the project is 253 Million USD; 70% of which represents the share of Arab and foreign investments, while 30% represents the share of national capital. Bottle grade Polyester is to be used for manufacture of lightweight plastic bottles for carbonated soft drinks and water, currently being imported for the industry.

Growing stronger by the day, ECHEM continues to paves its way to phase II projects by establishing Ethylene and Ethylene Derivatives Company (ETHYDCO), with a total investment cost of 8 Billion EGP. ETHYDCO is set to produce 460 Thousand T/Y Ethylene depending on Ethane/Propane mixture to maximize the value added to the Egyptian natural gas. The Ethylene produced will be used as a feedstock for a number of crucial industries like synthetic rubber, pipes, electric apparatus, vehicles, and medical utilities. It is worth mentioning that the national capital represents a 100% share and that this investment is the first to come to light after January 25th Revolution.

The forthcoming days represent a fierce challenge for the performance of ECHEM taking into consideration the current conditions of the country. However, ECHEM is progressively promoting phase II projects including a Bio Ethanol from Molasses plant, Gas to Olefins Complex (GTO), Ethylene & Mono Ethylene Glycol Complex (MEG), Aromatics Complex, and a 4th Generation Petro refinery.

ECHEM future projects translate our eager notion to implement an Integrated Upstream & Downstream Industrial Clusters which use phase I products as a feedstock. In this regard, a cooperation protocol was signed by a number of national entities to boost this lucrative project which will generate profitable revenues and enhance the value added to Egypt's economy.

New channels of investment are to flourish with the establishment of these industries, raising production of final petrochemical products and positively contributed to national economy, in addition to promoting Egypt as a Middle East hub for petrochemicals like Korea and china in the Far East.