03-Oct-16 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 US$1.9 bln. The complex is set to operate with the capacity of 460,000 tons of ethylene, 400,000 tons of polyethylene divided into two production lines, a 200,000 tpa LLDPE/HDPE swing line and a 200,000 tpa HDPE line, and 20,000 tons of butadiene. ETHYDCO is one of the most important projects in the national plan for this promising industry. ETHYDCO products will provide essential inputs in several complementary industries with maximizing the use of petrochemical raw materials and products locally instead of exporting. The step comes in line with the Egyptian oil sector’s plans seeking to achieve country’s energy self-sufficiency.
