Wilton, United Kingdom (Nov. 11, 2022) Koch Technology Solutions (KTS) UK Limited, technology licensing group of Koch Engineered Solutions (KES), and Red Sea National Petrochemicals Company (Red Sea), have reached an agreement for the license of KTS’s P8++ PTA process technology for Red Sea’s crude-to-chemical project in Egypt’s Suez Canal Corridor industrial zone.
This will be the first PTA plant licensed by KTS in Egypt. Built on the demonstrated performance of KTS’s P8 technology platform, with its superior variable cost and capital productivity, the environmental performance of this PTA plant is expected to set new benchmarks within the industry.
Adam Sackett, President, KTS, said: “I am delighted that KTS technology has been selected by Red Sea to meet the demands of the Egyptian polyester market. I look forward to a successful partnership throughout this project and beyond as KTS expands its technology portfolio and the extensive development plans for the region are realized.”
A representative for Red Sea National Petrochemical Company added: “The Red Sea project is an important step for both our company and for the country of Egypt. This project also delivers on Red Sea’s strategic objectives of achieving the reputation as the most reliable producer of petrochemical products in our region, and furthermore creating a significant petrochemical production capacity to satisfy our customer’s growing demand in both local and international markets.
“Moreover, we are pleased to work alongside experienced technology providers including KTS, and we anticipate the successful completion of these key projects and the rapid introduction of Red Sea’s
high-performance products to our loyal customers around the world.”
To explore our PTA technology licence packages, including our latest P8++ technology, click here.
About Red Sea:
Red Sea National Petrochemicals Company (Red Sea Co.) is an entity that is under the supervision of Egyptian
Ministry of Petroleum and Mineral Resources. Red Sea Project is one of the largest industrial complexes in the
Middle East and the biggest in Africa. Red Sea is Egypt’s first step towards being a regional hub for
petrochemicals manufacturing and trading, through offering a broad portfolio of products to the local and
international market.