Thyssenkrupp offers to participate in five Egyptian downstream projects

13 June 2018
Egypt’s Petroleum Ministry says it is keen to increase cooperation with Germany

Germany’s Thyssenkrupp has offered to partner with Egyptian oil companies to implement five planned energy projects, according to a statement released by the Petroleum Ministry.

The offer was made by the engineering company during a meeting with Minister of Petroleum Tarek el-Molla.

The projects that Thyssenkrupp has offered to play a role in include:

  • Egyptian Ethylene & Derivatives Company’s (Ethydco) planned polybutadiene plant
  • Sidi Kerir Petrochemicals’ (Sidpec) planned propylene and polypropylene facility
  • Egyptian Petrochemicals Holding Company’s (ECHEM) planned formaldehyde production project at Damietta Port
  • Alexandria National Refining & Petrochemical Company’s (ANRPC) ammonia production project
  • Alexandria Mineral Oils Company’s (AMOC) planned butane and diesel production project

El-Molla said the Petroleum Ministry is keen to expand cooperation with German companies in the petroleum sector because of their expertise.

Ethydco is planning to build a polybutadiene facility with the capacity to produce up to 36,000 tonnes of polybutadiene rubbers.

It is expected to be built on a greenfield site, and the engineering, procurement and construction (EPC) contract for the project is estimated to be worth about $100m.

The EPC contracts for Sidpec’s planned polypropylene plant are estimated to be worth about $1bn.

Under current plans, the facility will be constructed in Alexandria and will have the capacity to produce 450,000 tonnes a year of polypropylene.

It is in the study phase at present.

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