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.
During Ethydco’s general assembly, Chairperson Hesham Riad announced that the company achieved a 5.4% export growth, with sales totaling $211.8 million. He noted this success accompanies the firm’s expansion into new markets including Latin America, Africa, Europe, and Turkey.
Petroleum and Mineral Resources Minister Karim Badawi described the company’s products as a “distinguished Egyptian model” able to compete internationally, calling it an “ambassador” for Egypt’s petroleum and petrochemical sector that showcases the country’s advanced industrial and technological capabilities. He highlighted Ethydco’s success in adding high value to local petroleum materials through high-quality polyethylene production, aiding industry localization.
Production hit 102% of targets, yielding 302,000 tonnes of ethylene and 305,000 tonnes of polyethylene—key materials for plastic products like water, sewage, and gas pipes. Overall sales, domestic and export, surpassed EGP 5.7 billion. Riad credited this performance to the Ministry of Petroleum’s strategy in supplying gas and ethane-propane mixtures via an integrated system, stating that the company’s output serves over 40 industrial complexes in Egypt.
The minister instructed Ethydco to conduct detailed global market studies to pinpoint needs, especially in regions requiring environmental standards and carbon footprint assessments. He stressed compliance with international emission reduction and environmental protection norms to maintain global competitiveness. Badawi also urged stronger ties with the Ministry of Industry to identify required new products, develop a five-year plan for high-value-added output, utilize the skilled workforce, and share expertise with other petrochemical firms.
In innovation efforts, Ethydco introduced a new polyethylene grade for blow molding to bolster the local market and industries like car oil packaging. It also created a specialized polyethylene for steel pipe coating against corrosion and environmental damage, accredited by German firm SKZ for use in national water, gas, and drainage infrastructure projects. On sustainability, Ethydco became the first in the petrochemical sector to incorporate Scope 3 into its carbon footprint calculations and the first to gain international accreditation for its polyethylene environmental disclosure report, with ongoing studies for 10 more products to boost European market access.