National consortium injects $660m to drive Egypt’s petrochemical growth

A consortium of Egyptian industry leaders signed an agreement on Thursday to establish the Alexandria Supply Chain Company. The new joint venture, backed by a $660 million investment, aims to construct a state-of-the-art permanent terminal off-shore facility at Dekheila Port in Alexandria. This 100 per cent domestically-owned company brings together the Egyptian Petrochemicals Holding Company (ECHEM), Sidi Kerir Petrochemicals Company (SIDPEC), the Egyptian Natural Gas Company (GASCO), and private sector partner Gama Construction.

The anticipated project will serve as a critical infrastructure for Egypt’s burgeoning petrochemical industry. With an annual handling capacity of 1.1 million tons of liquefied ethane gas, the facility will ensure a steady supply of essential raw materials for Alexandria’s petrochemical plants and support broader national industry plans. It is also aligned with Egypt’s goal of securing sustainable energy sources for the petrochemical sector and facilitating future industry expansion.

Ibrahim Maki, Chairman of ECHEM, outlined the project’s scope, which includes two 400-metre marine berths with a depth of 20 metres and a substantial 400,000 square metre land area for storage and re-gasification operations. Upon completion, the terminal will be capable of handling large tankers up to 300,000 tons, with an annual throughput of up to 5 million tons, solidifying Egypt’s position as a global trade and logistics hub.