Petroleum Minister Karim Badawi stressed the importance of directing Egypt’s petrochemicals industry to meet local market needs while tapping global opportunities. He said this approach supports new industries, reduces imports, boosts exports, and creates jobs.
The minister spoke during the general assembly of the Egyptian Petrochemicals Holding Company to approve the 2026/2027 budget. He pointed to major projects under way and urged fast-track execution to strengthen production and cut reliance on imports. He highlighted the Red Sea Petrochemicals Complex in Ain Sokhna as a key project with large capacity.
Company chairman Alaa Abdel Fattah said the five-year plan from 2026 to 2030 includes 10 projects to localise more than 20 products for domestic and global markets. The projects will have a combined output of 7.5 million tons and require $11 billion in investments.
Planned ventures include soda ash and silicon production in New Alamein, methanol derivatives in Damietta, and supply chain projects in Alexandria. Other projects cover styrene, PVC, sustainable aviation fuel, bioethanol, and green ammonia.
Existing plants are also expanding, with recent success in producing medical-grade PVC in Alexandria. Current output reached 4.2 million tons in 2025, exported to over 50 countries.
