A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. REUTERS/Richard Carson
CAIRO - 30 December 2019: Head of the Egyptian Petrochemicals Holding Company (ECHEM) Saad Helal praised on Monday the role of the petrochemical industry in achieving sustainable development which, he said, creates more job opportunities in various production phases.
Helal's statements came during the second and last day of the third Al Ahram conference for energy held at Al-Masa Hotel under the theme ‘Energy, Investment Opportunities and Growth Horizons.’
He called for applying new strategies to promote competitiveness in foreign markets, pointing out that Egypt possesses major quantities of important petrochemical industries, including Polypropylene and Polyethylene.
Under the patronage of Prime Minister Mostafa Madbouli, Al-Ahram Establishment launched the third edition of its annual energy conference.
For his part, manager of the refining department at the Egyptian General Petroleum Corporation (EGPC) Mohamed Sheta said that there is a number of replacement and renewal projects at refining laboratories as part of a strategy to achieve sustainable development and turn Egypt into a regional energy hub.
“The conference’s third edition is tackling Egypt’s golden venture opportunities, opening new horizons for investments in solar energy, wind energy, and other promising types of power that can be tapped. The conference will also be a chance to uncover the sector’s potentials and highlight how Egypt has overcome significant hurdles to reach maximum achievement. Moreover, the participants seek to introduce an integrated perception regarding the future of sustainable energy in Egypt and Africa as a whole,” said Al Aharm board chairman Abdel Mohesen Salama.