Sidi Kerir Petrochemicals Company (Sidpec) approves the allocation of EGP 5.68 billion for new investments and affiliated company partnerships. This financial roadmap was unveiled in a disclosure to the Egyptian Exchange (EGX) on December 29, 2025, following a Board of Directors meeting held the same day to finalize the company’s estimated capital budget for the 2026 fiscal year.

The 2026 capital budget, totaling EGP 1.98 billion for direct company projects and renewals, is part of a broader investment strategy that includes EGP 5.68 billion in affiliated company contributions.

A significant portion of this investment is dedicated to increasing Sidpec’s stake in the Wood Technology Company (WOTECH), amounting to EGP 3.06 billion. Additionally, the company has earmarked EGP 1.44 billion for the Red Sea National Petrochemicals Company and EGP 840 million for the Alexandria Supply Chain Company.

Moreover, Sidpec is prioritizing the expansion of its core infrastructure with an EGP 1.44 billion allocation for a new ethane pipeline to secure raw material supplies. To maintain production efficiency, the budget also includes EGP 419.67 million for replacement, rehabilitation, and renewal projects.

The company’s investment plan further extends to specialized energy and chemical projects, including a EGP 216 million share in the power station for the Egyptian Bio-Ethanol (EBIOL) project and a EGP 120 million investment in Draschem for Specialty Chemicals.

These initiatives are designed to diversify Sidpec’s portfolio and support the national goal of increasing value-added petrochemical production.

Established in November 1997, Sidpec is an Egyptian joint-stock company that serves as a primary producer in the national petrochemical industry.

Headquartered in Alexandria, the company operates an integrated industrial complex with an annual production capacity of 300,000 metric tons of ethylene and 225,000 metric tons of polyethylene marketed under the brand “Egyptene”.