Egyptian Petrochemicals targets EGP 842m investments in FY20/21

Cairo – Mubasher: Egyptian Petrochemicals Company (EPC) is planning to invest EGP 842 million in replacement and upgrading projects during the fiscal year 2020/2021, EPC’s head Mohamed Abdel Aziz stated on Thursday.

Around 98% of works at the chlorine and the vinyl chloride monomer (VCM) units are completed, Abdel Aziz added, according to a statement.

The top official revealed that his company is studying a group of projects to add new petrochemical products to be supplied to the Egyptian market, playing a role in reducing imports.

Mubasher Contribution Time: 09-Jan-2020 13:58 (GMT)
Mubasher Last Update Time: 09-Jan-2020 13:58 (GMT)