USTDA Pens Grant Agreement with Egyptian Petrochemicals Holding Co.

published:12/12/2019 05:15 GMT

The US Trade and Development Agency (USTDA) has signed a grant agreement worth US$690,000 with the Egyptian Petrochemicals Holding Company (ECHEM). The grant will be used to finance a detailed feasibility study of a polyacetal production facility, the first of its kind in Egypt and Africa, according to a statement on Tuesday. At an investment cost of US$400 million, the facility will have an annual output capacity of about 50,000 tons, using locally-manufactured methanol as a feedstock from...More