{"id":636676,"date":"2024-08-05T00:00:00","date_gmt":"2024-08-05T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/05\/state-owned-firms-to-build-a-usd-40-mn-ethane-pipeline\/"},"modified":"2024-08-05T00:00:00","modified_gmt":"2024-08-05T00:00:00","slug":"state-owned-firms-to-build-a-usd-40-mn-ethane-pipeline","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/05\/state-owned-firms-to-build-a-usd-40-mn-ethane-pipeline\/","title":{"rendered":"State-owned firms to build a USD 40 mn ethane pipeline"},"content":{"rendered":"

A USD 40 mn ethane pipeline:<\/strong> A consortium of state-owned companies plans to construct a USD 40 mn pipeline to transport imported liquified ethane gas derived from US shale gas from Alexandria's Dekheila Port to Sidi Kerir Petrochemicals (Sidpec) and the Egyptian Ethylene and Derivatives Company (Ethydco), a source from the government told Enterprise. <\/p>\n

(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n

ICYMI: <\/strong>State-owned companies Egyptian Petrochemicals Holding, Sidpec, and the Egyptian Natural Gas Company (Gasco) alongside private sector player Gama Construction came together to form a USD 660 mn joint venture<\/a> \u2014 dubbed Alexandria for Supply Chain Company \u2014 to set up a permanent offshore facility at the Dekheila Port. The new joint venture aims to import 1.1 mn tons of liquefied ethane gas a year, ensuring a steady supply of raw materials for the petrochemical industry in the region.<\/p>\n

In details:<\/strong> The 40-km pipeline will be built by Gasco, which will also finance the project in exchange for a transportation fee of around USD 20 per ton, as well as the right to fully manage and maintain the pipeline.<\/p>\n

Remember:<\/strong> Sidpec and Abu Qir fertilizers announced a total shutdown of operations at their plants in June<\/a> due to a \u201clack of feed gasses,\u201d as high temperatures, increasing electricity consumption prices, and cuts to the regional gas supply adversely impacted fertilizers companies. Misr Fertilizer Production Company and Kima also ceased natural gas supplies to their plants at the time due to the continued heat wave, which caused \u201can unprecedented increase in energy consumption rates,\u201d as well as the \u201chalt in some regional gas supply sources.\u201d<\/p>\n

What\u2019s next:<\/strong> Gasco will launch a tender for the pipeline's construction this month, with implementation expected to begin in January for a two-year period.<\/p>\n

New berth for gas shipments:<\/strong> A dedicated berth will be constructed to receive imported ethane shipments, the official added. The company that develops the berth will lease it for 25 years under an usufruct contract.<\/p>\n

Sidpec and Ethydco to handle gas imports:<\/strong> The two companies will be responsible for tendering and contracting global gas suppliers once construction is complete, the official said. <\/p>\n","protected":false},"excerpt":{"rendered":"

The new 40-km pipeline aims to transport imported US shale gas to Sidpec and Ethydco<\/p>\n","protected":false},"author":1,"featured_media":636677,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7207],"tags":[3604,93,72,6815,99,91,706],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-636676","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-egyptian-natural-gas-holding-company","tag-energy","tag-enterpriseam","tag-ethydco","tag-fertilizers","tag-oil-and-gas","tag-sidi-kerir-petrochemicals","wpautop","entry"],"acf":{"mongo_id":"2c0da62a-2b89-4edc-8cf9-1ecc32d69810","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/8\/254.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egyptian firms to build a USD 40 mn ethane pipeline","related_issue":[636671],"teaser":"The new 40-km pipeline aims to transport imported US shale gas to Sidpec and Ethydco","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/8\/.64fe522e-bc6f-43c9-b714-a611679fe18e.mp3"},"yoast_head":"\nState-owned firms to build a USD 40 mn ethane pipeline - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/05\/state-owned-firms-to-build-a-usd-40-mn-ethane-pipeline\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"State-owned firms to build a USD 40 mn ethane pipeline\" \/>\n<meta property=\"og:description\" content=\"The new 40-km pipeline aims to transport imported US shale gas to Sidpec and Ethydco\" \/>\n<meta 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June","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1745.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":623222,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/23\/ethydco-sidpec-and-echem-acquire-100-stake-of-cci-for-usd-15-mn\/","url_meta":{"origin":636676,"position":1},"title":"Ethydco, SIDPEC and ECHEM acquire 100% stake of CCI for USD 15 mn","author":"enterpriseam admin","date":"23 October 2018","format":false,"excerpt":"M&A WATCH- Three state-owned companies close USD 15 mn buyout of CCI: State-owned companies Egyptian Ethylene and Derivatives Company (Ethydco), Sidi Kerir Petrochemicals Company (SIDPEC) and the Egyptian Petrochemical Holding Company (ECHEM) have closed a USD 15 mn acquisition of Solvay Alexandria Sodium Carbonate (CCI), government sources told local media.\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":634984,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/30\/sidi-kerir-petrochemicals-signs-gas-electricity-supply-contracts-with-gasco-ethydco\/","url_meta":{"origin":636676,"position":2},"title":"Sidi Kerir Petrochemicals signs gas, electricity supply contracts with GASCO, ETHYDCO","author":"enterpriseam admin","date":"30 January 2018","format":false,"excerpt":"Sidi Kerir Petrochemicals (SIDPEC) signed yesterday a contract with the Egyptian Natural Gas Company (GASCO) to supply propane gas and another contract with the Egyptian Ethylene & Derivatives Company (ETHYDCO) to supply electricity for SIDPEC\u2019s propylene and polypropylene factory, according to a statement to the EGX.","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":626218,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/06\/26\/this-evening-new-public-private-consortium-to-pour-usd-600-mn-in-importing-ethane\/","url_meta":{"origin":636676,"position":3},"title":"THIS EVENING: New public-private consortium to pour USD 600 mn in importing ethane","author":"enterpriseam admin","date":"26 June 2024","format":false,"excerpt":"Good afternoon, ladies and gentlemen, and happy almost-Thursday. One more scorching day and the weekend will be upon us. THE BIG STORY TODAY A new public-private consortium to allocate USD 600 mn for ethane imports: Four state-owned firms are set to launch a consortium alongside Triangle Group\u2019s Gama Construction in\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1703.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":550095,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/13\/sidpec-wants-100-of-ethydco\/","url_meta":{"origin":636676,"position":4},"title":"Sidpec wants 100% of Ethydco","author":"enterpriseam admin","date":"13 October 2022","format":false,"excerpt":"Sidpec wants Ethydco: EGX-listed Sidi Kerir Petrochemicals (Sidpec) wants to fully acquire subsidiary Egyptian Ethylene and Derivatives Company (Ethydco) through a share swap, Chairman Mohamed Ibrahim told CNBC Arabia yesterday (watch, runtime: 9:45), adding that Sidpec expects to wrap up the acquisition in less than a year.Sidpec\u2019s board will discuss\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/10\/215.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":636643,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/04\/another-pipeline-in-the-pipeline\/","url_meta":{"origin":636676,"position":5},"title":"Another pipeline in the pipeline","author":"enterpriseam admin","date":"4 August 2024","format":false,"excerpt":"Good afternoon, friends. Welcome to the beginning of the work week and day nine of the Paris Olympics. You will be glad to hear that on the investment and sports front, Egypt has been doing well.THE BIG STORY TODAY Energy investment news is once again leading the local news cycle,\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/222.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/636676","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=636676"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/636676\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/636671"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/636677"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=636676"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=636676"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=636676"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=636676"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=636676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}