Indian-Egyptian JV to Build PET Plant

South Asian Petrochem Ltd. (SAPL; Kolkata, India) says it has signed an agreement with Egyptian Petrochemicals Holding Co. (Echem; Cairo) for a joint venture to make polyethylene terephthalate (PET) resin in Egypt. The jv will be named Egypt India Petchem Co. SAPL and a group of unnamed partners will jointly hold 70% in the jv, and Echem and a group of partners will jointly hold the rest. The new company will build a 315,000-m.t./year PET plant at a cost of about $95 million. The plant will be located near a major port on Egypt’s Mediterranean coast, the...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers