Tysin-Krupp presents the participation of «oil» in the implementation of 5 new projects

Tysin-Krupp presents the participation of «oil» in the implementation of 5 new projects

Published in :
Sunday, 10 June 2018 – 2:36 PM
| Last updated :
Sunday, 10 June 2018 – 2:36 PM

The German company Tissen-Krupp, a joint venture with Egyptian oil companies such as Enppi, Petrojet and Sun Egypt, has announced the implementation of five new projects being prepared for implementation, according to a statement from the Ministry of Petroleum and Mineral Resources on Sunday.
The presentation was made during a meeting between the representative of the German company and Tariq al-Mulla, Minister of Petroleum and Mineral Resources. The projects that Tesin wishes to implement include the Polybutadiene plant of Ethedco, the propylene and polypropylene plant with the expansion of Sidbek Petrochemical Complex, the formaldehyde production plant in Damietta port, As well as the production of ammonia production at the company, and the new project for the production of medium distillates such as potash and diesel at the Amok complex.
Al-Mulla said that his ministry is keen to expand cooperation with German companies to work in the petroleum sector because of its expertise and advanced technological capabilities that can be utilized in implementing the new projects, stressing that the oil sector will study the possibilities available to activate cooperation between the two sides.
For his part, President of the German-Arab Chamber of Industry and Commerce, Ulrich Hermann, stressed that the petroleum sector projects represent a major starting point for the expansion of the business and investment of German companies in Egypt, adding that the Chamber supports technology transfer initiatives and cooperation in vital sectors such as oil and energy sectors to achieve common interests And mutual benefit between the two sides.

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