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Follow on Google News | New Market Research Report: Egypt Petrochemicals Report Q3 2011Recently published research from Business Monitor International, "Egypt Petrochemicals Report Q3 2011", is now available at Fast Market Research
By: Energy, Industrial, Research Egypt is still able to uniquely combine a strong long-term economic and consumer spending outlook with an unusually large market by regional standards and an ability to attract foreign investment. Earlier in 2011, Methanex started up EMethanex's 1.26mn tpa methanol plant at Damietta, at a cost of US$1bn. Opening was temporarily disrupted by strike action during the unrest. The plant has transformed Egypt into a methanol exporter. ------------------------------------------------------------ Full Report Details at - http://www.fastmr.com/ ------------------------------------------------------------ Ongoing projects include Carbon Holdings' methanol and ammonia complex with 1,060tpd ammonia nitrate capacity that will be supplied with ammonia from other facilities until an ammonia unit comes online. Construction is due commence in 2011. Carbon Holdings is also making progress at its new olefins product with a three-line Unipol process PE plant with combined capacity of 1.35mn tpa, due onstream in 2015. Other projects include EPPC's new 350,000tpa PP facility at Port Said, which BMI believes should be fully functional in 2011. Meanwhile, a new VCM/PVC plant complex originally due to start up in February 2010 was delayed by TCI Sanmar, possibly to 2011. The VCM plant will have a capacity of 400,000tpa and the PVC plant will have a capacity of 200,000tpa that is scheduled to be doubled by 2012. These are joined by recently announced projects, such as Sidpec's proposal in April for a 460,000tpa ethylene plant, which will need a partner if it goes forward, and plans put forward by a Japanese consortium to develop with Egypt's Carbon Holdings the world's largest methanol plant at Ain Sohkna. The proposed methanol facility would have a combined capacity of 6,000 tonnes per day (tpd) with hydrogen-rich gas by-products would be used in a separate 2,000tpd ammonia plant to be based at the same site. Work on the methanol/ammonia complex is scheduled to begin in 2012 with completion targeted for the middle of 2015. The government is also interested in opening a second 1.26mn tpa methanol plant at the Damietta site by 2015 with capacity of 200,000tpa dimethyl ether (DME). In 2011, the Egyptian petrochemicals market will be held back by relatively low domestic demand, compounded by a downturn in demand in Europe and expansion in output in the Middle East, which will also undermine Egyptian exports. The unexpected rise in political unrest in early 2011 will compound the problem, even though it will not affect investment. The unrest saw strike action affecting Egypt's industrial sector as well as disruption to port activities, notably in Alexandria and Suez. While the devaluation of the Egyptian pound meant that imports fell drastically, the resumption of port operations meant that exports were quickly returning to normal. Sustained political stability will be crucial to maintaining a market for domestic output. In the Middle East and Africa Petrochemicals Business Environment Ratings, Egypt is joint eighth with Turkey, with 47.1 points. It lies 6.2 points behind South Africa and 7.6 points ahead of Algeria in our regional ranking. The score has upside risks as a result of a more positive outlook from 2011 and continuing, albeit stuttering, progress on expansion of petrochemicals capacity. However, the country is unlikely to overtake South Africa and rise up the rankings any time soon. Report Table of Contents: SWOT Analysis - Egypt Petrochemicals Industry SWOT - Egypt Political SWOT - Egypt Economic SWOT - Egypt Business Environment SWOT Global Overview - Petrochemicals Market Overview - Financial Results Global Oil Products Price Outlook - Table: Oil Product Price Assumptions, Q410-Q411 (US$/bbl) - Table: Oil Product Price Data And Forecasts, 2008-2015 (US$/bbl) Africa Regional Overview - Table: Africa's Gas Reserves, 2010 (bn cubic metres) - Table: Africa's Oil Reserves, 2010 (bn barrels) - Table: Africa's Cracker Capacity, 2008-2014 ('000 tpa) Egypt Market Overview Business Environment - Petrochemicals Business Environment Ratings - Table: Middle East And Africa Petrochemicals Business Environment Ratings - Egypt's Business Environment Industry Trends and Developments - Upstream - Projects And News - Fertiliser Industry Forecast Scenario - Table: Egypt Petrochemicals Sector Overview, 2007-2015 ('000 tpa, unless otherwise stated) - Macroeconomic Outlook - Table: Egypt - Economic Activity Company Monitor - EChem - Sidi Kerir Petrochemicals (Sidpec) Glossary Of Terms - Table: Glossary Of Petrochemicals Terms BMI Methodology - How We Generate Our Industry Forecasts - Chemicals And Petrochemicals Industry - Cross Checks - Business Environment Ratings - Table: Petrochemicals Business Environment Indicators And Rationale - Table: Weighting Of Indicators About Business Monitor International Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at http://www.fastmr.com/ About Fast Market Research Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156. # # # Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. End
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