Contractors to start work on Carbon Holdings’ Tahrir Petrochemicals Complex
Contractors to start work on Egypt’s biggest ever petrochemicals plant. Tahrir Petrochemicals Complex – work expected to start on $10.9 billion project. The main contractors are expected to start work on Egypt’s biggest ever petrochemicals project this year, according to James Bishop, managing director of finance at the project’s developer Carbon Holdings. Tahrir Petrochemical Complex […]
Interview with Karim Hefzy, Carbon Holdings’ MD of Project Development
How is the Tahrir Petrochemical Complex (TPC) project progressing? When is it expected to come into operation and what will its production capacities be? As we announced in June last year, Tahrir Petrochemical Complex is a circa US$11bn project that will be financed by debt and equity from investors around the world. Since this announcement, […]
Carbon Holdings sponsors Egypt Petroleum Show EGYPS 2019
Chairman and CEO of Carbon Holdings, Basil El-Baz, will be attending the Egypt Petroleum Show (EGYPS) and will be a key note speaker discussing the petrochemical industry and Egypt’s economy. Carbon Holdings, a mid-to-downstream petrochemical company and catalyst of industrial development in Egypt, announced today that it will participate in and sponsor the 2019 Egypt […]
Agility to manage Logistics for Carbon Holdings
Work will support Middle East’s largest petrochemicals complex. Agility, a leading global logistics provider, has signed a memorandum of understanding to manage logistics at Carbon Holdings’ industrial facilities in Egypt, including construction of the new Tahrir Petrochemicals Complex (TPC). Agility will work with Carbon Holdings, a midstream and downstream petrochemical and process industrial plant company, […]
Carbon Holdings says construction on TPC could start in 1Q2019
Carbon Holdings expects to break ground on the first phase of its Tahrir Petrochemicals Complex (TPC) early in 2019 after it reaches financial close on the USD 10.9 billion project late this year, Managing Director of Corporate Finance and Investor Relations Karim Helal tells Al Masry Al Youm. The company had previously announced plans to […]
Carbon Holdings plans to sell 30% stake in IPO next year
Carbon Holdings to sell 30% stake in 2Q2019 IPO: Carbon Holdings plans to sell a 30% stake in an IPO next year, Managing Director of Corporate Finance and Investor Relations Karim Helal said. The company also appears to have narrowed the date of the IPO to 2Q2019, according to Helal. The offering will include a […]
MEED: Bechtel to sign contract for Carbon Holdings’ Tahrir Petrochemicals Complex
Bechtel to sign deal for Egypt’s largest-ever petrochemicals project – Four separate EPC contracts have also been awarded. US-based Bechtel is due to sign a contract in late June with Egypt’s Carbon Holdings for the $8bn Tahrir Petrochemical Complex (TPC) at Ain Sokhna, according to industry sources. The contract will cover project management consultancy (PMC) for […]
UK to provide $1.6 billion in funding to Carbon Holdings’ Tahrir plant
The UK will be providing Carbon Holdings’ Tahrir Petrochemicals Corporation with “an unprecedented” USD 1.6 billion financing package through UK Export Finance, the country’s export credit agency, UK Minister of Investment Graham Stuart told us in an interview in Cairo yesterday. TPC could help double Egypt’s total exports, catalyze industrial growth: “We are excited about […]
Rowan Elaraby becomes latest squash champion to join Carbon Holdings’ sports sponsorship program
Rising phenomenon Rowan Elaraby becomes latest squash champion to join Carbon Holding’s sports sponsorship program Sponsorship of the PSA Tour Irish Open winner comes less than a month after Carbon Holdings announced its backing of championship couple Nour Al Tayeb and Ali Farag. Carbon Holdings, a leading integrated petrochemicals producer in Egypt, is pleased to […]
Carbon Holdings to reach financial closure for Tahrir Petrochemicals Complex by year end
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 […]