Egypt Petrochemicals Report This fall 2011

The shorter-phrase outlook for that Egyptian petrochemicals sector appears uncertain even though generation are going to be undermined by flagging export markets in addition to the slowing domestic market place, As outlined by BMI’s hottest Egypt Petrochemicals Report. We forecast a slowdown in financial activity with development of 3.2% in FY2010/11, when compared with five.one% the former calendar year. On the upside, a 5.6% depreciation from the Egyptian pound in opposition to the US dollar plus a thirteen.nine% depreciation from the euro might help secure the industry from foreign Competitors around the domestic industry.
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Some segments will fare much better than Some others, with normal four.four% expansion in the development sector in 2011- 2015 more likely to buoy desire for rebar together with other design-linked metals solutions. In the meantime, automotive generation has actually been disrupted because of the impression of unrest on functions together with domestic desire, with the marketplace established for zero progress this yr, at greatest. This can depress domestic utilization of aluminium and sheet steel.
Despite the short-term problems, Egypt’s extensive-time period opportunity ensures that it is continuous to attract expenditure inside the petrochemical industry and tasks are still on track. The Egyptian-Indian Polyester Enterprise has begun design of the 440,000tpa PET plant that is due to commence manufacturing in December 2012. The facility will fulfill Egypt’s domestic demand from customers, at this time lined by imports, and can facilitate exports of PET. In the meantime, the Egyptian Polystyrene Output Corporation (Estyrenics) is arranging Egypt’s very first ethylbenzene-styrene monomer plant with 300,000tpa capacity within the El Dekila port web-site at Alexandria. It signifies the next phase of a bigger styrenics advanced. The primary stage, that is nearing completion, includes a two hundred,000tpa PS unit, Even though there are fears that it may be a target of burgeoning overcapacity. In April 2011, Sidpec and two state-owned Egyptian companies declared they have been jointly organizing an investment of EGP7bn (US£1.2bn) on making an ethylene plant in Egypt.
Sidpec mentioned the organization experienced received a licence to create a plant with capacity to generate 460,000tpa ethylene.
In the meantime, Egypt Japan Petrochemical Corporation - a three way partnership involving Mitsubishi Corporation and Chiyoda Corporation - is intending to build with klikni ovde Egypt’s Carbon Holdings the planet’s major methanol plant at Ain Sohkna with merged capability of 6,000tpd. Hydrogen-abundant gasoline byproducts would be Employed prevodilac engleski na srpski in a independent 2,000tpd ammonia plant to generally be based mostly at exactly the same web page for which Uhde is delivering its procedure technology and engineering expert services. Work on the methanol/ammonia complex is scheduled to start in 2012 with completion targeted for the center of 2015. Together with the methanol and ammonia complicated, Carbon Holdings will start building of the one,060tpd ammonium nitrate production facility in 2011.
Carbon Holdings is likewise producing progress at its new olefins merchandise with a three-line Unipol system PE plant with blended capacity of one.35mn tpa, such as a few PE plants, Each individual made for 450,000tpa - one will develop HDPE and another two are going to be HDPE/LLDPE swing units. The complex is anticipated to come onstream in 2015. The PE vegetation would be fed by a naphtha cracker at the location Using the potential to supply 900,000tpa of ethylene and four hundred,000tpa of propylene. The ethylene will likely be utilised via the PE units, though the propylene is going to be sold on on the Oriental Petrochemicals Company.
Relevant Reports:
India Petrochemicals Report Q3 2011
Germany Petrochemicals Report Q3 2011

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