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Country-Plan Projects and Tenders |
| 9631 Subject |
620 مليون جنيه لمشروع مصنع مصري كندي لإنتاج الميثانول في مرحلة التنفيذ Earlier reported $ 620 million Egyptian Canadian project to produce methanol seems well progressing towards the implementation phase. |
| Date Published | Thursday, November 17, 2005 |
| Source Name | Gomhouria |
| Location Name | Damietta |
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Description Date Format: (mm/dd/yyyy) |
Earlier reported $ 620 million Egyptian Canadian project to produce methanol seems well progressing towards implementation phase. According to Egypt Minister of Petroleum & Mineral Wealth, Eng. Sameh Fahmy, the project will be executed at Mubarak Complex for Natural Gas & Petrochemicals in Damietta to dispose on an annual design capacity of 1.3 million tons. Project owner is a joint venture 60 % owned by Methanex Co. of Canada, 24 % owned by the Petrochemicals Holding Co. (of the Petroleum Sector) & the remaining 16 % owned by private sector. The project, to depend on available natural gas supplies, would occupy 700,000 M2 land & an option to build an offshore dock. It is scheduled to start production by 2009. Methanol is an important feed stock for a wide variety of industries producing formaldehyde, acetic acid, melamine & special additives to improve the quality of benzene. |
| Sectors Section |
Beneficiary Sectors - Construction Projects Integrated works - Petroleum - Oil, Gas & Petrochemicals Petrochemicals - Industry Petrochemicals |
