Sidpec | Egypt Oil & Gas - Part 2
Sidpec Considers Acquisition of Ethydco
Sidi Kerir Petrochemicals (Sidpec) has announced that the company is exploring the full acquisition of the Egyptian Ethylene and Derivatives Company (Ethydco). In an interview with CNBC, Mohamed Ibrahim, the Chairman ...
SIDPEC Considers Establishing Polylactic Acid Plant
Sidi Kerir Petrochemical Company (SIDPEC)’s Chairman Mohamed Ibrahim said that the company is currently studying the project of establishing a new plant to produce polylactic acid as a strategic and environmental alte...
Sidpec’s Profits Bounces Back with EGP 151.7 mm in Q1 2021
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,...
Sidpec Starts Phase 2 of SER Project
Sidi Kerir Petrochemicals Company (Sidpec) started Phase 2 of its Strategic Energy Review (SER) Project with KBC, a Yokogawa Company, on March 14, 2021, according to a statement. The project aims to develop a site-wid...
SIDPEC Buys Land for $1.2 B Expansion Project
Sidi Kerir Petrochemicals Company (SIDPEC) has signed a contract to acquire a land lot from Alex Fiber, according to Mosaad El Kasaby, SIDPEC Chairman and CEO. The land will be used in building an expansion project in...
El Molla Reviews SIDPEC’s Development Work
Egyptian Minister of Petroleum, Tarek El Molla, visited Sidi Kerir Petrochemicals Company (SIDPEC) to review the company’s development work, Egypt Oil & Gas reports. During the visit, Mosaad El Kasaby, head ...
Egyptian Banks to Finance 70% of Sidpec Propylene Factory
Sidi Kerir Petrochemicals (Sidpec)’s board of directors decided to self-finance 30% of the company’s propylene and polypropylene factory through a rights issue, and to secure the remaining 70% via loans fr...
SUPSC, Apicorp Sign Methanol Project Contract
Suez Petroleum Services Company (SUPSC) has signed a memorandum with Arab Petroleum Investments Corporation (Apicorp) for funding a methanol derivatives project, Egypt Oil & Gas reports. Apicorp will provide betwe...
