Arab Finance: Company disclosed Sidi Kerir Petrochemicals – Sidipec (SKPC)announced its study of entering into a partnership with Draschem Company with a 15% stake in the latter’s shares in the sodium cyanide production project, according to what it explained in Her statement Sent to the Egyptian Stock Exchange.
The company added that the Council of Ministers approved the establishment of a sodium cyanide production project under the Draschem Company's special free zone system, which is a partnership between the Austrian Petrochemical Holding Company and the Czech Draslovka Company.
She explained that a lease contract was signed between them and Sidpec Company for a vacant plot of land to establish the project.
Sidi Kerir Company is the first integrated step in the petrochemical industry in Egypt. It always seeks to participate in achieving national goals such as producing value-added products using available raw materials, as well as developing local industries that rely on those products. The company produces polyethylene (high-density and low-density linear ) Using ethylene, which is produced by processing ethane/propane gases – coming from the Western Desert Gas Complex, “GASCO Company” – within the framework of the best production technologies based on energy saving and environmental friendliness. “Egyptene” is the trademark of the company’s products and is considered one of the best known products in Manufacture of polyethylene locally and internationally. The company also produces intermediate products such as butane and butane.
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