Egypt proposes petrochemical projects to UAE

摘要

EGYPT HAS PROPOSED the idea of three petrochemical projects worth US$540mn to the UAE, according to the Ministry of Petroleum. The projects — all in the North African country — include establishing a factory to produce bio-ethanol from molasses, the output of which would reach 100,000 tonnes of molasses annually. The project will see an investment of USS250mn. It is likely to be implemented in the next fiscal year (FY), according to a Ministry official.