Polyethylene
The Suez Canal Economic Zone (SCZone) elaborated in a statement that the project is located on an area of 250,000 square meters, with a production capacity of 30,000 tons per month.
Buyers in China may look elsewhere for alternatives to pricier U.S. supplies.
Profit at petrochemicals, metals and fertilizer conglomerate Industries Qatar shrank 47 percent from a year earlier in the second quarter of 2017.
A new 150MW power plant was inaugurated at the complex of the Egyptian Ethylene and Derivatives Company (ETHYDCO) Thursday, at a cost of $98 million.
