Project Profile
Value: US$160 million
Location: Ain Sokhna, Egypt
Capacity: 420,000 tonnes per year of PET Resins
Area: 141,000 square metres
Completed: 2013
Egyptian Indian Polyester Co. (EI-PET) shareholders: Egyptian Petrochemicals Holding Co. (Echem, 23%), Dhunseri Petrochem and Tea Ltd. (70%), Engineering for Petroleum and Process Industries (ENPPI, 7%).
EPC: Oerlikon Barmag of Germany (August 2010)
Financiers: International Finance Corp. (IFC) – US$35 million, Commercial International Bank and Ahli United Bank – US$76.8 million