Red Sea National Petrochemicals Company
- Company typePrivate
- Founded2019
- HeadquartersCairo, Egypt
- Headcount51–100
- GTM typeB2B
- OfferingHardware or Manufacturing
What Red Sea National Petrochemicals Company does
Red Sea National Petrochemicals Company is an Egyptian private entity founded in 2019 that is developing a single major industrial asset: an integrated refinery and mixed-feed cracker petrochemicals complex located in the Suez Canal Economic Zone (SCZONE). The project is valued at $7.5 billion (2021 estimate) and is designed to produce 3.5 million tonnes per year of petrochemicals across two development phases, with a targeted startup in Q2 2030. Output is planned to span polyethylene, polypropylene, and polyester grades, serving industrial petrochemical buyers requiring feedstock supply security in the North African and surrounding regional markets.
The underlying technology architecture is a vertically integrated refinery combined with a mixed-feed cracker, enabling internal feedstock conversion and supply chain control rather than reliance on third-party olefin or aromatic supply. The project is being executed under a non-binding EPC framework agreement with China National Chemical Engineering Company (CNCEC), which has expressed willingness to contribute equity and arrange up to 85% of project financing. SCZONE provides the regulatory and infrastructure framework for the development.
The business model is a pre-operational, capital-intensive industrial project rather than a product portfolio company. Revenue mechanics will depend on long-term B2B offtake agreements with industrial petrochemical converters and resin manufacturers; pricing is not publicly disclosed. The company currently maintains a development-stage team of 51-100 employees and is classified as private with no parent company or institutional ownership disclosed in the source materials. There are no reported revenue figures, as commercial operations have not yet commenced.
Red Sea National Petrochemicals Company firmographics
Firmographics- Name
- Red Sea National Petrochemicals Company
- Legal name
- Red Sea National Petrochemicals Company
- Website
- https://redsea-egypt.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Ownership category
- akta.pro rank
Red Sea National Petrochemicals Company industry classification
Industry- Product category
- Petrochemicals Manufacturing
- NAICS
- Petrochemical Manufacturing (32511), Petrochemical Manufacturing (325110), Petroleum Refineries (32411), Basic Chemical Manufacturing (3251)
- SIC
- Industrial Organic Chemicals (2860), Petroleum Refining (2911), Chemicals & Allied Products (2800)
- akta.pro primary industry
- Base Olefins (Ethylene, Propylene, Butadiene) (IMAEADAA)
- akta.pro secondary industries
- Polyesters & PET Chain (PTA, MEG, PET) (IMAEADAG), Steam Cracking & Feedstock Flexibility Services (Cracker optimization, feed switching, co-product recovery) (EUALAHAJ), Syngas & Hydrogen Feedstocks (SMR/ATR, Refinery/Petrochem H2) (EUALAHAE)
Keywords
Where Red Sea National Petrochemicals Company is headquartered
LocationHeadquarters
- HQ city
- Cairo
- HQ country
- Egypt
- HQ region
- Africa
Markets served
Red Sea National Petrochemicals Company business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Infrastructure, Supply Chain, Operations, Personnel, Technology or R&D
Revenue model
- Petrochemicals product sales: Revenue generated from selling petrochemical products including polyethylene, polypropylene, and polyester produced from the integrated refinery and cracker complex. The facility will produce 3.5 million tonnes per year of petrochemicals across two phases.
Red Sea National Petrochemicals Company product offering
Product offeringCore offering
Red Sea National Petrochemicals Company is developing an integrated refinery and mixed-feed cracker petrochemicals complex in Egypt's Suez Canal Economic Zone (SCZONE). The facility is designed for 3.5 million tonnes per year of petrochemical output across two phases, producing polyethylene, polypropylene, and polyester products, with startup targeted for Q2 2030.
Product overview
Red Sea National Petrochemicals Company is developing a single major industrial project: a 3.5 million tonnes per year petrochemicals complex in Egypt's Suez Canal Economic Zone. The facility integrates a refinery with a mixed-feed cracker across two phases, producing polyethylene, polypropylene, and polyester products. This is a greenfield industrial development rather than an existing product portfolio.
Differentiator
Problem solved
Functional benefit
Products and services
- Petrochemicals Complex An integrated 3.5 million tonnes per year petrochemicals complex combining a refinery with a mixed-feed cracker across two development phases, producing polyethylene, polypropylene, and polyester products for industrial converters and downstream manufacturers.
Quantifiable outcome
- Production capacity of 3.5 million tonnes per year of petrochemicals
Companies that use Red Sea National Petrochemicals Company
Customer profileSegments1 record
Ideal customer profiles1 record
Red Sea National Petrochemicals Company technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Red Sea National Petrochemicals Company partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Suez Canal Economic Zone (SCZONE)coreThe petrochemicals complex is strategically located in the Suez Canal Economic Zone, a designated industrial zone in Egypt. SCZONE provides the regulatory framework and infrastructure for the project targeting Q2 2030 startup.
Scale indicators3 records
Recent moves4 records
Expansion highlights4 records
Red Sea National Petrochemicals Company competitors and assessment
Company assessmentDirect peers
- SABIC: Saudi Basic Industries Corporation is the largest Middle East petrochemicals producer with integrated cracker and polyolefin/polyester operations. Comparable as a regional integrated petrochemicals competitor targeting similar polymer end-markets across Africa, Europe, and Asia.
- Saudi Kayan Petrochemical: SABIC affiliate operating an integrated steam cracker producing ethylene, propylene, polyolefins, and specialty chemicals in Jubail, Saudi Arabia. Comparable as a Middle East integrated mixed-feed cracker complex with a similar diversified petrochemicals slate.
- Sidi Kerir Petrochemicals (SIDPEC): Egypt's largest domestic polyolefins producer operating an ethylene cracker and polyethylene plant in Alexandria. The most direct in-country peer, competing for the same Egyptian converter customers and sharing Egypt-based feedstock and logistics dynamics.
- Borouge: ADNOC/Borealis joint venture operating large-scale mixed-feed cracker and polyolefin (PE/PP) complexes in Ruwais, UAE. Highly comparable given cracker integration, Middle East location, and polyolefin product mix targeting infrastructure and packaging customers.
- EQUATE Petrochemical: Kuwait-based integrated producer of ethylene, polyethylene, and EG/PET serving global markets. Comparable as a regional integrated polyolefin + polyester producer with mixed-feed cracker feedstock strategy.
Broad incumbents
- Dow Chemical: Global integrated chemicals major with large polyolefins, polyesters, and cracker footprint. Comparable on broad petrochemicals product mix and integrated production economics, though operating across many geographies and end-markets.
- LyondellBasell: Global leader in polyolefins (PE/PP) production with integrated cracker assets in the US and Europe. Comparable on polyolefin product portfolio and cracker-based production economics, though operating at much broader global scale.
- INEOS: Privately-held global petrochemicals producer with major cracker and polyolefins operations across Europe and North America. Comparable on integrated cracker-to-polyolefins value chain and willingness to develop large-scale grassroots capacity.
Emerging players
- Oriental Petrochemicals: Egyptian petrochemicals company producing polyester (PET) chips and polyester yarn. Comparable as a domestic Egyptian petrochemicals peer, though focused on the polyester chain rather than polyolefins.
Others
- Egyptian Petrochemicals Holding Company (ECHEM): Egyptian state-affiliated entity overseeing the country's petrochemical sector strategy and project pipeline. Comparable as a domestic counterpart shaping Egypt's petrochemicals policy and a potential stakeholder or counterparty for SCZONE-based developments.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Red Sea National Petrochemicals Company social profiles
Digital presenceRed Sea National Petrochemicals Company financial estimates
Financial estimateRevenue estimate
Valuation estimate
Red Sea National Petrochemicals Company leadership team
Management profileNumber of profiles
Red Sea National Petrochemicals Company funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Red Sea National Petrochemicals Company M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Red Sea National Petrochemicals Company
What does Red Sea National Petrochemicals Company do?
Red Sea National Petrochemicals Company is developing an integrated refinery and mixed-feed cracker petrochemicals complex in Egypt's Suez Canal Economic Zone (SCZONE). The facility is designed for 3.5 million tonnes per year of petrochemical output across two phases, producing polyethylene, polypropylene, and polyester products, with startup targeted for Q2 2030.
Is Red Sea National Petrochemicals Company a public or private company?
Red Sea National Petrochemicals Company is a private company. It is classified as unknown and is currently operating.
When was Red Sea National Petrochemicals Company founded?
Red Sea National Petrochemicals Company was founded in 2019. It employs 51 to 100 people.
Where is Red Sea National Petrochemicals Company based?
Red Sea National Petrochemicals Company is headquartered in Cairo, Egypt, in the Africa region.
How does Red Sea National Petrochemicals Company make money?
One revenue line is on record: petrochemicals product sales.
Who are Red Sea National Petrochemicals Company's main competitors?
Direct peers on record are SABIC, Saudi Kayan Petrochemical, Sidi Kerir Petrochemicals (SIDPEC), Borouge and EQUATE Petrochemical. Broad incumbents are Dow Chemical, LyondellBasell and INEOS. Oriental Petrochemicals is listed as an emerging player. Egyptian Petrochemicals Holding Company (ECHEM) is listed as an others.
Does Red Sea National Petrochemicals Company have an API?
No public API is recorded for Red Sea National Petrochemicals Company.
What industry is Red Sea National Petrochemicals Company in?
Red Sea National Petrochemicals Company's product category is Petrochemicals Manufacturing. Its primary akta.pro industry code is IMAEADAA, Base Olefins (Ethylene, Propylene, Butadiene), with a secondary code of IMAEADAG, Polyesters & PET Chain (PTA, MEG, PET). Its NAICS code is 32511 and its SIC code is 2860.