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Indian Company Launches Huge PET Project in Egypt

2:21 AM MDT | June 23, 2011 | Natasha Alperowicz

An Indo-Egyptian joint venture, The Egyptian-Indian Polyester Co., is today launching a $160-million polyethylene terepththalate (PET) resin project in the private free zone area at Ain Sokhna, Egypt. The company, owned 70% by Dhunseri Petrochem & Tea Ltd., (Kolkata, India), 23% by Egyptian Holding Company for Chemicals (Echem, Cairo), and 7% by the engineering group Enppi (Cairo), will build a plant designed to produce 1,200 m.t./day of PET chips. Output will be used in the production of packaging, including bottles, food containers as well as containers for...

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