BMI View: The Egyptian petrochemicals industry is struggling with disruptions to natural gas feedstock while importers are suffering from a shortage of foreign exchange. Nevertheless, BMI still believes market potential will ensure current planned projects are realised; however, questions linger over whether the sector can continue to attract investment if the present political and economic uncertainties persist. Start-ups in 2013 will focus on the polyvinyl chloride (PVC) and polyethylene terephthalate (PET) segments. In mid-2013, India’s Sanmar Group plans to open a captive ethylene plant to serve its vinyl chloride monomer (VCM)-PVC chain, which produces 400,000tpa VCM and 200,000tpa PVC and …
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