Sidi Kerir Petrochemicals Company (Sidpec) [SKPC.CA] is planning to export 70% of the Egyptian Ethylene and Derivatives Company's (ETHYDCO) polyethylene (PE) output to increase FX inflows, which will be used to settle ETHYDCO's USD denominated debt obligations, according to Al Borsa. A source at the company mentioned that they are planning to start commercial operations at ETHYDCO in January 2017, and that they are currently conducting trial operations for PE production. He added that Ethydco will produce ethylene, PE and butadiene with an annual production capacity of 460 thousand tonnes per year (ktpy), 400ktpy and 20ktpy, respectively. It is worth noting that Sidpec owns 20% of ETHYDCO. (Al Borsa)   Sidi Kerir: EGP12.19 as of 06 November 2016, Rating: Neutral, FV: EGP13.50 per share, MCap: USD400mn, SKPC EY / SKPC.CA