Thursday, March 31, 2011

Egyptian companies to invest US$1.18 bln in ethylene venture

Sidi Kerir Petrochemicals Co. and two Egyptian government companies plan to invest 7 billion Egyptian pounds (US$1.18 bln) in an ethylene venture. Sidi Kerir has a license to build a plant with capaciity to produce 460,000 tpa of ethylene, will hold a 20% stake in the new company.

For more details on Egyptian companies to invest US$1.18 bln in ethylene venture click here

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