Start-up of Egypt's EIPET PET plant is delayed by two weeks

06 February 2013 16:09  [Source: ICIS news]

LONDON (ICIS)--The start-up of Egypt's EIPET polyethylene terephthalate (PET) plant in Sokhna, Egypt, has been pushed back by two weeks due to delayed delivery of equipment, a company source said on Wednesday.

"Technical completion of the plant was to be [end] March and [early] April, then probably April we planned the start-up. At the end of April, beginning of May, commercial product, then two or three weeks later [product would reach] Europe. Now it is all pushed back by two weeks," the source said.

The unit has two lines of 210,000 tonnes/year apiece, and is well placed to serve customers in North Africa, North America and Europe, according to the source.

How much will go to each region "depends on the situation at that particular moment in those particular regions," the source said in December.

No more than 150,000-200,000 tonnes/year is expected to be destined for the European market, primarily south Europe.

EIPET is a joint venture of India's Dhunseri Petrochem and Tea and two Egyptian state-owned companies, Egyptian Petrochemicals Holding and Engineering for the Petroleum and Process Industries.

($1 = €0.74)

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By: Caroline Murray
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