Oil & Gas

Carbon Holdings to reach financial closure for Tahrir Petrochemicals Complex by year end

Tahrir Petrochemicals Complex

Carbon Holdings aims to reach financial close on $10.6 billion Tahrir petrochemicals complex by year’s end, CEO Basil El Baz says. Carbon Holdings is covering 26% of the project’s cost, with the remainder set to be funded by development finance institutions from the US, Germany, and the UK. Tahrir Petrochemicals will be built in the Suez Canal Economic Zone and will produce petrochemicals used to make a wide range of consumer and industrial goods.

(Source: Enterprise.press)

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