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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