Alexandria petrochemicals complex receives bids

Egyptian Petrochemicals Holding Co has said it has received bids for a contract to build a $2bn petrochemicals complex at Alexandria, on Egypt's northern Mediterranean coast, Meed has reported. The list of bidders include Saipem, Tecnimont, Toyo Engineering & Construction, and Samsung Engineering & Construction. The plant will crack ethane, a component of natural gas, breaking it down into the chemical ethylene, which will be used to produce the basic plastic polyethylene. The complex will produce 750,000 to 1 million tonnes a year (t/y) of ethylene, the magazine reported.