Egypt Petrochemicals Report This fall 2011

The shorter-expression outlook for the Egyptian petrochemicals industry appears to be like unsure while manufacturing will likely be undermined by flagging export marketplaces together with the slowing domestic market, Based on BMI’s most recent Egypt Petrochemicals Report. We forecast a slowdown in economic action with expansion of three.two% in FY2010/eleven, compared to 5.1% the prior yr. About the upside, a five.six% depreciation with the Egyptian pound versus the US greenback and a 13.9% depreciation against the euro can help safeguard the market from international Competitiveness to the domestic current market.
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Some segments will fare better than others, with average 4.4% growth in the construction sector in 2011- 2015 likely to buoy demand for rebar and other construction-related metals products. Meanwhile, automotive production has been disrupted by the effect of unrest on operations along with domestic desire, with the marketplace established for zero advancement this calendar year, at best. This can depress domestic utilization of aluminium and sheet metal.
Despite the short-time period complications, Egypt’s extensive-time period probable signifies that it is continuous to draw investment decision within the petrochemical marketplace and projects remain heading in the right direction. The Egyptian-Indian Polyester Corporation has started off development of a 440,000tpa PET plant that is due to begin production in December 2012. The power will meet up with Egypt’s domestic desire, at present coated by imports, and will aid exports of PET. In the meantime, the Egyptian Polystyrene Generation Organization (Estyrenics) is organizing Egypt’s initial ethylbenzene-styrene monomer plant with 300,000tpa potential for the El Dekila port internet site at Alexandria. It represents the second section of a bigger styrenics intricate. The initial phase, which happens to be nearing completion, features a two hundred,000tpa PS unit, although there are actually problems that it may be a victim of burgeoning overcapacity. In April 2011, Sidpec and two state-owned Egyptian corporations introduced they had been jointly planning an financial investment of EGP7bn (US£1.2bn) on creating an ethylene plant in Egypt.
Sidpec stated the company experienced acquired a licence to build a plant with potential to make 460,000tpa ethylene.
Meanwhile, Egypt Japan Petrochemical Corporation - a three way partnership among Mitsubishi Corporation and Chiyoda Company - is planning to create with Egypt’s Carbon Holdings the whole world’s most significant methanol plant at Ain Sohkna with blended capacity of six,000tpd. Hydrogen-prosperous gas byproducts could well Agencija za prevodjenje be Utilized in a separate two,000tpd ammonia plant to get primarily based at a similar web-site for which Uhde is offering its process know-how and engineering companies. Work on the methanol/ammonia advanced is scheduled to begin in 2012 with completion qualified for the center of 2015. Along with the methanol and ammonia elaborate, Carbon Holdings will begin construction of the 1,060tpd ammonium nitrate output facility prevodilac engleski na srpski in 2011.
Carbon Holdings can be making development at its new olefins solution with A 3-line Unipol approach PE plant with combined ability of 1.35mn tpa, together with 3 PE crops, Every single designed for 450,000tpa - just one will generate HDPE and one other two is going to be HDPE/LLDPE swing units. The intricate is expected to come back onstream in 2015. The PE plants might be fed by a naphtha cracker at the website While using the capability to generate 900,000tpa of ethylene and 400,000tpa of propylene. The ethylene are going to be utilised with the PE units, even though the propylene will be marketed on to the Oriental Petrochemicals Corporation.
Associated Experiences:
India Petrochemicals Report Q3 2011
Germany Petrochemicals Report Q3 2011

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