Egyptian President Abdel Fattah El Sisi launched the petrochemicals complex of Egyptian Ethylene and Derivatives Company (Ethydco) in Alexandria in mid August with a total investment of $1.9b.
Iran's Kurdistan Petrochemical Plant will be able to produce 300,000 tons a year of light polyethylene after becoming operational in estimated two months.
The Chairman of Egyptian Ethylene and Derivatives Company (Ethydco), Abd El-Rahman Zeid, announced that the company has completed 97.2% of its petrochemicals complex with a total investment cost estimated at $1.9b.
Iran’s Oil Ministry has said that the construction of three petrochemical projects is nearing completion, with the projects to come on stream in the coming months.
Iran is planning to bring three new petrochemical plants on-stream before the end of the current Iranian calendar year (ends March 20, 2016), an official says.