Minister of Petroleum and Mineral Resources, Tareq El Molla, stated that the Egyptian Petrochemicals Holding Company (ECHEM) and the Egyptian Ethylene annd Derivatives Company (ETHYDCO) plan to establish a new unit for coloring and granulating polyethylene with investment from EGP 700 to 800 million to produce 60,000 tons per year, according to a press release.

The Egyptian Ethylene and Derivatives Company (ETHYDCO) has conducted a successful second-level fire drill.

The Egyptian Ethylene and Derivatives Company (ETHYDCO) has signed a long-term preventive maintenance deal with Siemens Energy for its industrial complex in Alexandria.

The CEO of Ethydco Company, Abdel Mageed Heagazy, said that his company is planning to establish the first project in Egypt to produce polybutadiene with investment costs $180 million.

Ethydco achieved targeted production last year, covering local demand and increasing exports.

German industrial company Thyssenkrupp will work on five new petrochemical projects in collaboration with Egyptian companies.

The Egyptian Ethylene and Derivatives Company (Ethydco) sold 351,000 tons of polyethylene in 2017, 89,000 tons of which were sold in local markets.

The Egyptian Ethylene and Derivatives Company (ETHYDCO) plans to build a $100-million polybutadiene rubbers factors.

Egyptian Minister of Petroleum chaired the general assembly of ETHYDCO and ELAB.

Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, said that Egypt plans to boost natural gas production by up to 50% by mid-2018.