Petrochemicals
Government to temporarily designate naphtha as economic security item
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South Korea's government will temporarily designate naphtha as an economic security item amid supply shortages from the Middle East crisis. Finance Minister Koo Yun-cheol announced measures like securing alternative imports and restricting exports. Petrochemical firms risk operational disruptions.
The Egyptian Linear Alkyl Benzene Company (ELAB) recorded its highest production levels since its establishment, producing 141,000 tonnes of Linear Alkyl Benzene (LAB) during the 2025 fiscal year, according to results presented at the company’s general assembly meeting. Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, highlighted the company’s ability to produce high-value products that support a wide range of industries and generate significant economic returns through exports to global markets.
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The Egyptian Ethylene and Derivatives Company (Ethydco) reported a 5.4% export growth, reaching $211.8 million in sales, as it expands into Latin American, African, European, and Turkish markets, according to Chairperson Hesham Riad at the company’s general assembly.