EGYPT: Saipem awarded Egypt's first polybutadiene plant, in consortium with Petrojet, for an overall amount of approximately USD 150 million

Saipem, leading a consortium with Egypt-based Petrojet, has been awarded a contract by Egyptian Ethylene & Derivatives Co. (Ethydco) for the first polybutadiene-producing facility in Egypt, with an expected production capacity of 36,000 t/y.

Saipem and Petrojet have a long history of partnership in Egypt and will be jointly responsible for detailed engineering design, procurement and supply of equipment and materials, construction, pre-commissioning, commissioning up to successful start-up and performance testing. Saipem will contribute its key competencies as a leading solutions provider in the petrochemical sector, specifically in the elastomers segment. The scope of work of the new rubber plant comprises one production train of Low Cis Butadiene Rubber and related facilities. The overall value of the contract is for approximately USD 150 million.

Maurizio Coratella, Chief Operating Officer of the Saipem Onshore E&C Division, commented: “After successful completion of the fast-track Zohr project, this award confirms Saipem as a partner of choice to support the sustainable development of Egypt”.

Source: Saipem website, Milan; 17 Apr 2020
(Syed Rashid Ali, Karachi, Pakistan)