Page 17 - DMEA Week 10 2022

DMEA NEWS IN BRIEF DMEA

TERMINALS & SHIPPING units to produce a range of derivatives selection will be responsible for executing
and petrochemical products intended to and completing the activities and procedures
Anchorage to build Suez accommodate growing regional and global required for the front-end engineering design
demand for petrochemical products.
(FEED) phase based on an open book cost
Canal petchem plant pre-qualification requirements prospectus estimate subject to conversion to a lump sum
Anchorage Investments plans issue the
turnkey (LSTK) contract encompassing all site
Anchorage Investments is to launch a $2bn in mid-March, as the first stage of the EPC preparation, engineering, procurement and
Anchor Benitoite petrochemicals project tendering process. construction works. The project is expected
in the industrial zone of the Suez Canal A shortlist of the world’s top EPC to be finished within three years following
Economic Zone. contractors specialising in propane the completion of the engineering and design
The Anchor Benitoite project is a major dehydrogenation and propylene production phase.
industrial complex in Ain Sokhna that will be selected. NEWSBASE
will encompass a number of production The EPC contractor reaching the final

Week 10 10•March•2022 www. NEWSBASE .com P17