(MENAFNEditorial)
Putting its troubles behind it Egypt is advancing its petrochemicals development which should ensure self-sufficiency but the country remains plagued by its energy crisis according to BMI's latest Egypt Petrochemicals Report.
Capacity is due to ramp up in 2015 with Egyptian Ethylene and Derivatives Company (Ethydco) planning to commission an olefins facility with capacities of 460000 tonnes per annum (tpa) ethylene and 20000tpa butadiene which should feed the ENPPI PE plant. Sidpec already operates the country's only ethylene plant a 300000tpa cracker at El Ameriya which feeds its LLDPE and HDPE units.
However gas shortages are plaguing the sector and the wider economy. Egypt needs around 500000tpa of ethylene in order to sustain downstream production but in 2014 local production was well below this level. This has hindered growth in output as well as delayed the completion of projects.
Full Report Details at
- http://www.fastmr.com/prod/953221_egypt_petrochemicals_report_q2_2015.aspx?afid=101
* Progress is being seen at the most ambitious petrochemicals complex in Egyptian history. Carbon Holdings' USD6.8bn Tahrir Petrochemical Project at Ain Sokhna will include 1.35mn tpa of polyethylene (PE) and a cracker with the capacity to produce 900000tpa ethylene. In Q414 Carbon Holdings was in discussion with the UAE government for a possible investment of USD400mn. Work is due to be completed in 2019.
* TCI Sanmar Chemicals the Egyptian venture of India-based Sanmar Group has announced plans to invest USD150mn to expand its polyvinyl chloride (PVC) and ethylene capacity in Egypt under Phase II of its plan for the complex. The expansion project will raise PVC and ethylene production at the complex to 400000tpa and 120000tpa respectively.
* In BMI's Petrochemicals Risk/Reward Index for the Middle East and Africa region Egypt is in ninth place with a score of 47.7 points up 3.0 points as a result of improved prospects for the petrochemicals industry and the country as a whole.
The Egypt Petrochemicals Report has been researched at source and features Business Monitor International (BMI)'s market assessment and independent forecasts for key petrochemicals sub-sectors. The report also analyses the impact of regulatory changes recent developments and the background macroeconomic outlook and features competitive landscapes comparing companies by products and services sales market share investments projects partners and expansion strategies.
BMI's Egypt Petrochemicals Report provides industry professionals and strategists sector analysts trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Egyptian petrochemicals industry.
Key Benefits
* Benchmark BMI's independent petrochemicals industry forecasts to test other views - a key input for successful budgetary and planning in the Egyptian petrochemicals market.
* Target business opportunities and risks in the Egyptian petrochemicals sector through our reviews of latest industry trends regulatory changes and major deals projects and investments in Egypt.
* Assess the activities strategy and market position of your competitors partners and clients via our Company Profiles (inc. KPIs and latest activity).
Coverage
BMI Industry View
Summary of BMI’s key industry forecasts views and trend analysis covering the petrochemicals markets regulatory changes major investments projects and company developments.
Industry SWOT Analysis
Analysis of the major Strengths Weaknesses Opportunities and Threats within the petrochemicals sector and within the broader political economic and business environment.
BMI Industry Forecasts
Historic data series (2009-2013) and forecasts to end-2019 for key industry and economic indicators supported by explicit assumptions plus analysis of key risks to the main forecasts. Indicators include:
* Energy: Oil production (‘000 b/d) oil consumption (‘000 b/d) net oil exports (‘000 b/d) gas production (bcm) gas consumption (bcm) net gas exports (bcm) oil refinery capacity (‘000 b/d).
* Petrochemicals: Ethylene capacity (‘000 tpa) ethylene production (‘000 tpa) ethylene consumption (‘000 tpa) polyethylene capacity (‘000 tpa) polypropylene capacity (‘000 tpa) polyvinyl chloride capacity (‘000 tpa) polyolefins consumption (‘000 tpa).
* Oil Products Prices: Price forecasts for all major oil-based products (USD/bbl) at major global energy trading hubs.
* Economic: Nominal GDP (USDbn) real GDP growth (%) GDP per capita (USD) population (mn) unemployment (%) exchange rate (against USD).
BMI’s Petrochemicals Risk Reward Index
BMI’s Risk Reward Indices provide investors (both corporate and financial) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry economic and demographic data points to provide indices of highest to lowest appeal to investors with each position explained.
Market Overview
Structure size and value of the industry sector; overview of the industry landscape and key players; assessment of the business operating environment and the latest regulatory developments.
Industry Trends & Developments
Evaluation of company and sector-wide developments including key projects (as well as expansion plans) latest company financial details and proposed international ventures.
Company Profiles*
Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI’s industry forecasts our macroeconomic views and our understanding of the wider competitive landscape. The latest financial and operating statistics and key company developments are also incorporated within the company profiles enabling a full evaluation of recent company performance and future growth prospects.
Global & Regional Market Overview
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