Engineer Tarek El Molla, Minister of Petroleum and Mineral Resources, confirmed the continuation of the implementation of a comprehensive development plan and the enhancement of the efficiency of various public petroleum sector companies, with the aim of making the most of their assets and production from these to maximize companies, representing ancient national entities on which the petroleum industry in Egypt was built decades ago.
This came at the end of the minister’s inspection tour of projects in Alexandria. Where he inspected the factories of the Egyptian Petrochemical Company to open development projects and increase efficiency in the company.
Al-Mulla added that the fruits of extensive development have begun to emerge in several companies, including the Egyptian Petrochemical Company in Alexandria, which is the parent school and the oldest petrochemical industry entity in Egypt, and for the first time since the major projects to establish its factories and increase its production capacity.
El-Molla stressed the sector’s eagerness to adopt increasing production of petrochemical projects as a key objective to replace imports with an Egyptian product, and stressed that there is strong and ongoing support from President Abdel Fattah El-Sisi for the petroleum sector’s efforts to maximize the benefit of value-added projects.
Al-Mulla pointed out that the petroleum and petrochemical manufacturing complexes are seen as a safety valve to meet the needs of the local market, especially in times of global challenges and crises such as the one the world is going through recently, which is targeted to integrate petrochemical companies SIDPEC, ETHYDCO and Egyptian petrochemicals to maximize resource utilization.
He also stressed that priority should be given to the continuation of the development of the human element, which is the sector’s wealth on which all its successes and major projects are based, and also stressed the importance of the ongoing digitization and technological modernization processes in various companies to keep up with trends. of the sector’s development and modernization project.
Engineer Tarek El Molla, Minister of Petroleum and Mineral Resources, during the tour inaugurated the pilot industry of the factories that witnessed development work at the Egyptian Petrochemical Company in Alexandria.
The Minister of Petroleum and Mineral Resources laid the foundation for the project to increase the production capacity of the caustic soda concentration unit in the company, which increases the production capacity of caustic soda by 150%, and the project cost is £ 250 million.
It also witnessed the signing of a contract between the two Egyptian petrochemical companies and Petrojet to design, supply and operate the new unit to maintain the continuity of operation with full production capacity and storage capacity.
The Minister also inaugurated the pilot operation of the new thermal cracking unit for the vinyl chloride monomer production plant, and inspected the PVC polyvinyl chloride production plant.
The minister and his entourage listened to a presentation by the pharmacist, Ahmed Kamel, the company’s president, on the projects that are being implemented during the coming period and are underway to its maximum production capacity.
He added that the work of replacement and renewal included the chlorine production plant to transform the old electrolysis cells in the chlorine plant with modern ones with advanced technology, and with regard to the implementation of new projects.
He pointed out that the trial operation of the new thermal cracking unit at the vinyl chloride monomer (VCM) plant has started since early last April, and that these works are scheduled to be completed and put into operation by the end of this month. , to increase the production capacity of the plant by 125%.
The implementation rates of the fifth polymerization reactor at the polyvinyl chloride (PVC) plant have also been accelerated so that it could come into use in early March 2023 instead of July of the same year, in line with Petroment company carrying out the project. is also in the process of implementing a sixth polymerization reactor to increase the plant’s maximum capacity by 150% of current power.
As a positive return on the work of replacement, renewal and safe operation, Kamel explained that the company has succeeded in re-exporting polyvinyl chloride and caustic soda products to a number of countries around the world.
During his tour of the Egyptian Petrochemical Company’s factories, the Minister was accompanied by geologist Alaa Al-Batal, CEO of the Petroleum Authority, and his deputies for refining, manufacturing, planning, projects and occupational safety and health.
Chemist Seed Hilal, Head of the Petrochemical Control Company, Ing. Ahmed Al-Khalifa, Deputy Secretary for Projects, Accountant Hisham Noureddine, Head of the Central Administration of the Minister’s Office, Eng. Mahmoud Nagy, Deputy Minister for Transport and Distribution of Petroleum Products, Eng Walid Lotfy, President of Petrojet, Eng Mohamed Abdelaziz, President of Enppi, and Eng Ahmed Samir, Director-General of Projects in the Ministry.