Egyptian state petchems firm Echem and state oil giant EGPC are funding a feasibility study by Japan’s Toyota Tsusho into the development of a $3bn heavy fuel oil upgrading and petrochemicals complex in the Suez Canal Economic Zone.
Echem chairman Muhammad Safaan says that the study is scheduled to be completed by the end of the first quarter of 2018, according to local media reports. Echem is looking to start production at the plant in 2021. (CONTINUED - 747 WORDS)
