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. Net sales jumped by 38% compared to Q1 2020,...
Minister of Petroleum and Mineral Resources, Tareq El Molla, stated that the Egyptian Petrochemicals Holding Company (ECHEM) and the Egyptian Ethylene and Derivatives Company (ETHYDCO) plan to establish a new unit for...
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, according to a press release. He...
Libya’s Ras Lanuf Oil and Gas Processing Company (RASCO) has restarted production from its polyethylene factory, which had been shut in 2013, Pipeline Oil and Gas News reported. The plant began production on October 8...
Sidi Kerir Petrochemicals (SIDPEC) has achieved its highest Polyethylene production rate since 2014, according to Mosaad Al Kasaby, Sidi Kerir Petrochemicals (SIDPEC) Chairman, Al Ahram reported. Al Kasaby stated that...
Egyptian Ethylene and Derivatives Company (Ethydco) achieved targeted production by over 100%, as it produced 381,000 tons of polyethylene and 19,000 tons of butadiene in 2018, Egypt Oil & Gas reports. The company...
Total and Saudi Aramco signed an agreement on October 8 for engineering studies on the construction of a petrochemicals complex at the Jubail Satorp refinery worth $5 billion, Reuters reported. The complex is slated t...
The Egyptian Petrochemicals Holding Company (ECHEM)’s CEO, Mohamed Safaan, reported to the Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, that the Ethydco complex has successfully produced...
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, in cooperation with the Egyptian Natural Gas Com...
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. The complex is set to o...