Egypt Petrochemicals Industry Update Quarter 3 2012

$ 1 088 - May 2013 - by Business Monitor International - 76

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BMI View: The Egyptian petrochemicals industry is struggling with disruptions to natural gas feedstock
while importers are suffering from a shortage of foreign exchange. Nevertheless, BMI still believes market
potential will ensure current planned projects are realised; however, questions linger over whether the
sector can continue to attract investment if the present political and economic uncertainties persist.
Start-ups in 2013 will focus on the polyvinyl chloride (PVC) and polyethylene terephthalate (PET)
segments. In mid-2013, India's Sanmar Group plans to open a captive ethylene plant to serve its
vinyl chloride monomer (VCM)-PVC chain, which produces 400,000tpa VCM and 200,000tpa PVC and is
set to double in size in the future. Meanwhile, Egypt is set for a massive boost in its self-sufficiency in
semi-finished PET products with the opening of a 430,000tpa PET chip facility in Q313.

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