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Tag: Tahrir Petrochemicals Project
Carbon Holdings

Carbon Holdings plans to sell 30% stake in IPO next year

Posted: September 8, 2018 at 2:01 pm   /   Oil & Gas

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 […]

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Bechtel

MEED: Bechtel to sign contract for Carbon Holdings’ Tahrir Petrochemicals Complex

Posted: June 4, 2018 at 3:32 pm   /   Oil & Gas

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 […]

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Carbon Holdings

UK to provide $1.6 billion in funding to Carbon Holdings’ Tahrir plant

Posted: May 30, 2018 at 2:23 pm   /   Oil & Gas

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 […]

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CH-Squash

Rowan Elaraby becomes latest squash champion to join Carbon Holdings’ sports sponsorship program

Posted: May 20, 2018 at 2:20 pm   /   Oil & Gas

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 […]

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

Posted: April 22, 2018 at 4:36 pm   /   Oil & Gas

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 […]

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Carbon Holdings sponsors Squash World Champions Ali Farag and Nour El Tayeb

Posted: April 14, 2018 at 4:53 pm   /   Oil & Gas

Sponsoring the Egyptian squash duo reflects Carbon Holding’s commitment to supporting young athletes as part of the company’s mandate to positively impact Egyptian society. Carbon Holdings, a leading integrated petrochemicals producer in Egypt, is pleased to announce that it signed a sponsorship agreement with Egyptian world squash champions Ali Farag and Nour Al Tayeb as […]

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Carbon Holdings plans potentially the largest IPO in Egypt since 2011

Posted: March 11, 2018 at 8:40 pm   /   Oil & Gas

Carbon Holdings has reportedly tapped a top investment banking house to serve as advisor and global coordinator for an IPO that would value the company north of USD 1 billion, we’re told by sources with knowledge of the preparations. The stake sale is likely to be the largest IPO in Egypt since 2011; the structure […]

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Carbon Holdings aims to start building Tahrir Petrochemicals Project by June

Posted: August 26, 2017 at 12:35 pm   /   Oil & Gas

Egypt’s Carbon Holdings aims to finalize funding and start building its massive Tahrir petrochemicals project by June, producing raw materials desperately needed to boost the country’s industrial sector, its chief executive told Reuters. The $10.6 billion scheme in the Suez Canal Economic Zone will be the largest petrochemicals project in Egypt. Carbon Holdings CEO Basil […]

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Bechtel awarded two contracts by Carbon Holdings of Egypt

Posted: April 20, 2017 at 2:49 pm   /   Oil & Gas

Bechtel Selected to Deliver Major Petrochemicals Project in Egypt – Award Builds on Company’s Extensive Experience in the Middle East. Bechtel, a global leader in engineering, procurement, and construction, announced today that the company has been awarded two contracts by Carbon Holdings of Egypt: one to provide project management services for the Tahrir Petrochemicals Complex […]

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Africa Finance Corporation invests $25 million in Egypt's Carbon Holdings

Posted: March 11, 2017 at 2:05 pm   /   Oil & Gas

Africa Finance Corporation (AFC), a leading pan-African multilateral development finance institution and project developer, has announced it is to invest US$25 million in Egyptian petrochemicals company Carbon Holdings Ltd. Carbon Holdings primarily operates in the Suez Special Economic Zone. As well as exporting raw materials and end products, the company aims to develop an integrated […]

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