Sidi Kerir Petrochemicals (Sidpec) has earned a net income of EGP 151.7 mn in Q1 2021 against a net loss of about EGP 31.3 million in Q1 2020, according to a press release.

Iran’s propylene output is set to reach 3 million tonnes per annum after the completion of the country’s new projects, which will be finished by 2025.

The total exports of fuel, mineral oils, and their products have amounted to about $2.652 billion in  Q2 of Fiscal Year (FY) 2019/20.

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.

The Ethylene facility in SIDPEC has stopped working for a while and is now working again normally.

The ethylene production unit will resume output according to the planned schedule after the completion of the regular maintenance work.

Ethydco complex has successfully produced and supplied ethylene and derivatives to the local market and exported excess following the technology of global Univision Company.

In an effort to increase USD influx, Sidi Keriri Petrochemicals Company (Sidpec) intends to export 70% of its polyethylene that is produced at its new Ethydco facility.

Egyptian President Abdel Fattah El Sisi launched the petrochemicals complex of Egyptian Ethylene and Derivatives Company (Ethydco) in Alexandria in mid August with a total investment of $1.9b.

Egypt's Minister of Petroleum and Mineral Resources, Tarek El Molla, visited the petrochemicals projects in Alexandria governorate to follow up on the performance rate of the new projects and expansion plans.