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Egypt plans US$6.7bn refining and petrochemical complex in Suez

14 Feb 2020

State-run Egyptian Petrochemicals Holding Company (ECHEM) has concluded a US$6.7bn deal with the US engineering and construction company Bechtel to build a refining and petrochemical complex in the Suez Canal Economic Zone (SCZone). No capacity nor commissioning date has been announced.

In January 2019, ECHEM released plans to invest US$8.5bn in the construction of a new refining and petrochemical project in the New El Alamein district near El Hamra (Egypt). The refining and petrochemical complex will have a production capacity of 3.4 Mt/year, including a refining capacity of 1.9 Mt/year for various oil products such as butane, kerosene, fuel oil and diesel. Neither the commissioning date nor the construction schedule have been unveiled so far.

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