Phoenix has high Government Authority contact of two mega petrochemical projects, summary of which are fully explained below. The fund and knowhow are needed for those projects.
Summary of Projects
Naphtha Cracker Unit (Green Field Project)
The project Executive Summary:
The project is 30 km. southeast of Suez Canal in the Suez Special Economic Zone (SEZone).
Project Complex is 1 Naphtha Cracker unit, 3 Polyethylene units, and 3 Polypropylene units.
Summary of Products:
- Approx. 1.5 million MTA of Ethylene
- Approx. 880,000 MTA of Polymer Grade Propylene
- 880,000 MTA of Polypropylene
- 250,000 MTA of Butadiene
- 350,000 MTA of Benzene
- 150,000 MTA of Gas Oil
- 60,000 MTA of Hexene-1
- 1.35 million MTA of HDPE and LLDPE
The project cost will be of $ 3.7 billion.
Investment share may be up to 70%.