At least three contractors are seeking prequalification for the engineering, procurement and construction (EPC) contract to build a greenfield methanol plant in Damietta port for Egyptian Methanex Methanol Company (EMethanex). The joint venture partners in EMethanex - state-owned Egyptian Petrochemicals Holding Company (ECHEM) and Canada's Methanex Corporation - are also preparing to bring in new shareholders to take minority equity positions (MEED 25:11:05).
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