Sidi Kerir, Government to Form Ethylene Production Company
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Sidi Kerir Petrochemicals Co. and two Egyptian government companies are investing 7 billion Egyptian pounds ($1.18 billion) in an ethylene venture.
Alexandria-based Sidi Kerir already has a license to build a plant with capacity to produce 460,000 tons of ethylene annually and will own 20 percent of the new company, it said in a regulatory filing today.