Toyo Awarded Contract for Ethylene Plant in Egypt

Toyo Engineering has been awarded a contract to build a 460,000-m.t./year ethylene plant and a 20,000-m.t./year butadiene extraction unit at Alexandria, Egypt. The contract, awarded jointly with Enppi (Cairo), is valued at about $600 million. The complex will be built for Egyptian Ethylene and Derivatives Co., a newly established company. Echem (Cairo) has a 40% stake in the company, Sidi Kerir Petrochemicals (Sidpec; Cairo) holds 30%, and Abu Dhabi Gas Industries has 30%. Sidpec announced in April 2011 that it planned to build an ethylene plant in Egypt in a...

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