1. EGYPTIAN PETROCHEMICALS HOLDING CO.
MINISTRY OF PETROLEUM
EGYPTIAN PETROCHEMICALS HOLDING CO.
EGYPT – PLACING ITSELF AT THE FOREFRONT OF THE GLOBAL PETROCHEMICAL INDUSTRY

2. ( ECHEM ) Was Established January, 2002
WHY ECHEM ?
* Implement The Petrochemical Master Plan
* Promote The Plan To Local And International Investors
* Assist & Support Investors To Plan, Construct, And Operate Their Projects; Financially, Technically, And Commercially
* To Continuously Review And Update The Plan To Be Inline With Changes In Local And International Markets
* Managing & Supervising The Existing Petrochemicals Companies

3. TO BE A MAJOR MANUFACTURER AND MARKETER OF PETROCHEMICAL PRODUCTS
VISION
TO BE A MAJOR MANUFACTURER AND MARKETER OF PETROCHEMICAL PRODUCTS
MISSION
TO DEVELOP COMPETITIVE PETROCHEMICALS INDUSTRY BASED ON LOCAL HUMAN AND NATURAL RESOURCES USING STATE - OF - THE - ART TECHNOLOGY

4. PETROCHEMICALS MASTER PLAN
* Comprises ( 24 ) World Scale Projects Including ( 3 ) Olefin Complexes
* Requires ( 10 $ US Billion ) To Realize During
( 20 Years )
* Produce ( 15 Million Tons ) Of Products, Worth ( 7 $ US Billion / year )
* Displace Imports ( 3 $ US Billion / Year ) And Generate Export Sales ( 4 $ US Billion / Year )
* Create Over 100,000 Jobs ( Direct / Indirect )

5. PETROLEUM SECTOR ORGANIZATION
MINISTRY OF PETROLEUM
Egyptian General Petroleum Corporation
( E G P C )
Egyptian Natural Gas Holding Company
( EGAS )
Egyptian Petrochemicals Holding Company
( ECHEM )
South Valley Petroleum Holding Company
( GANOPE )

6. PETROCHEMICALS MASTER PLAN
THE MASTER PLAN
( US $ 10 Billion Over 20 Years )
PHASE ( I )
2002 / 2008
PHASE ( II )
2009 / 2015
PHASE ( III )
2016 / 2022

7. The Master Plan - Phase, I ( 2002 / 2008 )
SELECTED PHASE ( I ) PROJECTS
( US $ 3.1 Billion )
LINEAR ALKYL BENZENE
80 M T/A
250 MM $
PROPYLENE
& POLY -
PROPYLEN
400 M T/A
430 MM $
ETHYLENE & POLY - ETHYLENE
1 MM T/A
1,600 MM $
STYRENE
& POLY -
300 M T/A
350 MM $
METHANOL&
AMMONIA
1 MM T/A
600 MM $

8. THE MASTER PLAN ( PHASE - I )
In Addition, There Will Be Some Smaller Related Projects In Response To Market Demand :
Phase ( I ) : Acrylic Fibres ( K T / A )
PVC - Expansion ( K T / A )
Polyester ( 250 K T / A )

9. WHY EGYPT ? STABILITY NATURAL RESOURCES HUMAN RESOURCES AVAILABILITY
PROXIMITY TO EUROPE, ASIA & AFRICA
LARGE LOCAL MARKET
INVESTMENT INCENTIVES

10. PROPOSED SITES Total Land Area = 26.55 MM m2 El - Beheirah Idku Site
Cairo
El - Beheirah
Idku Site
3.11 MM m2
Kafr El - Sheikh
Motobas Site
4.87 MM m2
El - Dakahliah
Gamasah Site
8.40 MM m2
Damietta
El-Rehab / Dibah
3.17 MM m2
Ismailiah
Kantarah East
0.70 MM m2
Total Land Area = MM m2
Suez
North West
Gulf Of Suez
6.30 MM m2

11. PETROCHEMICAL MASTER PLAN
FIRST PHASE
PETROCHEMICAL MASTER PLAN
1. Methanol / Ammonia Complex
US$ 560 Million
Gamasah
2. Poly Styrene
US$ 150 Million
Suez
3. Ethylene / Poly Ethylene
US$ 1.50 Billion
Damietta
4. Polyester
US$ 200 Million
Alexandria
5. Propylene /Poly Propylene
US$ 450 Million
P. Said / Dam.
6. PVC Expansion
US$ 250 Million
7. Linear Alkyl Benzene
US$ 230 Million
8. Acrylic Fibres
US$ 75 Million

12. EXECUTIVE SUMMARY
8 Major Projects in phase 1 with total investment of US$ 3.3 Billion
Prefeasibility studies completed for all projects
US$ 2.2 Million were made available for bankable feasibility studies
Bankable feasibility studies completed for 5 projects ( LAB, Propylene, Polystyrene, Polyester & Acrylic )
Two registered Companies ( LAB & Acrylic Fibres )
Investment Authority approval for four projects ( Propylene, Methanol, Ammonia, & Polyester)

13. EXECUTIVE SUMMARY ( Continued )
Four Companies will be registered by the end of June 2004 ( Methanol, Ammonia, Polypropylene & Polyester )
Long off-take MOU’s or agreements for all production of 7 projects ( LAB, Methanol, Ammonia, Polystyrene, Polypropylene, Polyester & Acrylic Fibres )
Strategic investors available for 8 projects ( Methanol, Ammonia, Polystyrene, Polyethylene, Polyester, Polypropylene, LAB & Acrylic Fibres )

14. METHANOL / AMMONIA COMPLEX
1,000,000 Ton / Year Methanol ( Steam Reforming )
1.1 Billion Nm3 / Year ( 80 % Hydrogen )
Total Investment : US $ Million
IRR : %
NPV : US $ Million
Pay Back Period : 5.3 Years
400,000 Ton / Year Ammonia
Total Investment : US $ Million
IRR : %
NPV : US $ Million
Pay Back Period : 5.3 Years
Location for both : Gamasah

15. METHANOL / AMMONIA COMPLEX
Status :
Prefeasibility Study - Complete
Funding For Bankable Study - Confirmed
Three Methanol Off-take MOU - Signed
MOU With Ammonia Strategic Investor - Signed
Investors Interest For Methanol Received From:
70%
Indorama
75%
Methanex
10%
APICORP
30%
NPC (Iran) 5%
CIB
Mitsui
Mitsubishi

16. METHANOL / AMMONIA COMPLEX
Status ( Continued ) :
ECHEM
20%
Approval by Investment Authority for two companies is completed.
The Egyptian Company for Methanol Production “ E - Methanol ”
The Egyptian Company for Ammonia Production “ E - Ammonia ”

17. METHANOL / AMMONIA COMPLEX
Schedule:
Complete Company Registration :
End of June, 2004 ( 2 Companies )
Complete Bankable Feasibility study :
September, 2004
Start of Basic Engineering :
October, 2004
EPC Contracts :
February, 2005

18. POLY - STYRENE COMPLEX
200,000 Tons / Year Poly - Styrene ( Based on Importing 200,000 Tons / Year of Styrene Monomer by Strategic Investor )
Total Investment : US $ Million
IRR : %
NPV : US $ Million
Pay Back Period : 5.0 Years
Location : Gulf Of Suez

19. POLY - STYRENE COMPLEX Status: Bankable Study - Complete
Off - take MOU - Signed
Strategic Investors will provide Styrene & lift Poly - Styrene
Investors Confirmed Interest
NPC “Iran” 75 %
PIC “Kuwait” 75 %
Technicas Reunidas %
ECHEM 10 %

20. POLY - STYRENE COMPLEX Schedule:
MOC With Strategic Investor June 15, 2004
Approval By Investment Authorities June 15, 2004
Feed Stock Agreement End June, 2004
Company Registration July, 2004
Basic Engineering October, 2004

21. ETHYLENE / POLYETHYLENE
COMPLEX
750,000 Tons / Year Ethylene & Polyethylene
Total Investment : US $ 1,5 Billion
IRR : %
NPV : US $ Million
Pay Back Period Years
Location : Damietta

22. ETHYLENE / POLYETHYLENE
COMPLEX
Status
Three Potential Strategic Investors
Pre - Feasibility Study Complete
Feed Stock Availability Study progressing ( 90 % )
Cooperate with EGAS to Conduct Ethane Network Bankable Feasibility Study
Product Off take By Strategic Investor
JVA Draft Complete
Feed Stock Agreement Draft Complete
Financial Strategy Progressing

23. ETHYLENE / POLYETHYLENE
COMPLEX
Schedule
Complete Feed Stock
Availability Study End 2004
Complete Bankable
Feasibility Study Mid 2005
Complete Financial Strategy End 2004
Sign JVA with
Strategic Investor January, 2005

24. POLYESTER COMPLEX 300,000 Tons / Year Polyester based on Importing :
102,000 Ton / year of MEG
258,000 Ton / year of PTA
Total Investment : US $ Million
IRR : %
NPV : US $ Million
Pay Back Period : 6.0 Years
Location Alexandria

25. POLYESTER COMPLEX Status: Prefeasibility Study Complete
Feed Stock By Strategic Investor
Product Offtake By Strategic Investor
MOU with Strategic Investor Signed
Approval by Investment Authorities Complete

26. POLYESTER COMPLEX Schedule: Bankable Feasibility Study End May, 2004
J. V. A. Agreement Mid June, 2004
Company Registration End June, 2004
Feed Stock Agreement End July, 2004
Product Offtake Agreement End July, 2004
Project Finance End, 2004

27. PVC EXPANSION PROJECT
Phase 1: Increase of PVC Production from 60,000 T /A to 120,000 T / A
Total Investment : US $ Million
Phase 2: Add New PVC Line ( New Company ) 80,000 T/ A
Total Investment : US $ Million
IRR : %
N P V : US $ Million
Pay Back Period : 5.2 Years
Location : EPC site at Amereyah, Alexandria

28. PVC EXPANSION PROJECT Status : Pre feasibility Study Completed
Application for funding bankable study
Agreement in principle with EDC supplier
Off Take M.O.U. for 60,000 T/A PVC

29. PVC EXPANSION PROJECT Schedule :
Complete Off Take Agreement June, 2004
Complete Bankable feasibility Oct, 2004
Complete Funding for Expansion July, 2004
Complete EDC Supply Agreement July, 2004
Investor for New PVC Line Nov, 2004

30. POLYPROPYLENE Complex
350,000 Tons / Year Polypropylene
Total Investment US $ 450 Million
IRR %
NPV US $ 208 Million
Pay Back Period years
Location Port Said or Damietta

31. POLYPROPYLENE Complex
Status
Bankable Feasibility Study is complete
Feedstock Agreement with UGDC agreed in Principle
Product Off take M.O.U. was signed with 2 Off takers
M.O.C. was signed with Oriental Group
Steering Committee was formed
Finance Strategy Agreed is 35 % Equity & 65 % Debt
Investment Authority Approval was obtained

32. POLYPROPYLENE Complex
Schedule
Technology Evaluation Mid June, 2004
Company Registration End June, 2004
ITB for EPC End June, 2004

33. ACRYLIC FIBERS COMPLEX
16,000 Tons / Year Acrylic Fibres
Total Investment US $ Million
Location Alexandria

34. ACRYLIC FIBRES COMPLEX
Status:
Company Formed & Project In Progress
Technology Agreement Signed
Basic Engineering % Progress
Detail Engineering 15 % Progress

35. THANK YOU