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EMX METHANOL PLANT

Signature(s)

Amount
€ 200,000,000
Countries
Sector(s)
Egypt : € 200,000,000
Industry : € 200,000,000
Signature date(s)
21/12/2006 : € 69,000,000
21/12/2006 : € 131,000,000
Link to source
Data sheet
EMX METHANOL PLANT
Other links
Summary sheet
Egyptian Methanex Methanol Company Methanol Plant
Related publications
Non Technical Summary (NTS) of the Environmental Impact Assessment (EIA) - - EN

Summary sheet

Release date
5 October 2005
Status
Reference
Signed | 21/12/2006
20050156
Project name
Promoter - financial intermediary
Egyptian Methanex Methanol Company Methanol Plant
A joint venture between the public sector Egyptian Petrochemicals Holding Company (ECHEM) and a Canadian private sector company.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 170 million
USD 600 million
Location
Sector(s)
Description
Objectives

Construction of a world scale methanol plant with a nominal capacity of approximately 1.3 million tonnes per annum, inclusive of supporting utilities and infrastructure.

The project will allow Egypt to utilise and to add value to a part of the proven large Egyptian reserves of natural gas. It will have beneficial effects on employment and generate foreign exchange revenue for the country. The project entails technology transfer through the participation of a leading private sector company.

Environmental aspects
Procurement

Environmental Impact Assessment (EIA) procedures are to be carried out in accordance with national legislation which, given the technical characteristics of the project, requires a full EIA with formal public consultation, in line with the requirements for this type of project within the EU (Annex I of Directive 97/11/EC).

The promoter will apply EIB guidelines for international procurement procedures, where appropriate.

Comments

Manufacturing.

Link to source
Summary sheet
Egyptian Methanex Methanol Company Methanol Plant
Other links
Data sheet
EMX METHANOL PLANT
Related publications
Non Technical Summary (NTS) of the Environmental Impact Assessment (EIA) - - EN

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

Related publications