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Egypt Carbon Holdings revises Tahrir Petrochemicals project upward

ECH to build world largest naphtha cracker at Sokhna

Egypt Carbon Holdings, a privately-owned company, is working with several national export credit agencies to expand the financing of its Tahrir Petrochemical project including the world largest naphtha cracker to be installed at Ain Sokhna at the entry of the Suez Channel in Egypt.

Originally estimated to cost $3.7 billion capital expenditure, Carbon Holdings is now building financing plan for $4.8 billion investment.

As long as Egypt was running short of oil and gas and had to import these resources, any investment on the downstream activities was a challenge.

Carbon_Holdings_Tahrir-Petrochemicals_Ain-Sokhna_MapBut since major companies such as BP or Shell are successfully developing the exploration and production of the oil and gas fields onshore and offshore around the Nile Delta, Egypt may consider to benefit soon from sustainable feedstock to supply large petrochemical complex.

Considering that for each $ billion invested in downstream activities creates four times more employment than upstream, the Egypt Government is highly motivated to support all private initiatives such as the Tahrir Petrochemical complex.

While in discussion with the Export-Import Bank of USA (US Exim), Carbon Holdings signed a $500 million agreement with GE to provide equity financing and technology for the Tahrir naphtha cracker.

On the financing side, GE commitment gives credit to Carbon Holdings to complete its financing set up.

On technology side, GE will provide the Tahrir Petrochemical complex with all the long lead items:

 – Power generation with aeroderivatives gas turbines, steam turbines and generators

 – Water treatment with desalination unit and water filtration process

 – Compresssion units with turbomachinery compressors

 – Related long term services contract

Overall, the Ain Sokhna Carbon Holdings cracker should have a capacity of 3.5 million tonnes per year (t/y) of naphtha.

Linde won Tahrir complex FEED and EPC contracts 

The power plant will produce 300MW through a combined-cycle gas turbines generation.

The integrated water treatment plant will have a capacity of 3,800 cubic meter per hour (cm/h) and will use ultra-filtration and reverse osmosis GE proprietary process.

Designed by the German engineering company, Linde, the Tahrir Petrochemical complex should produce:

Linde_Naphtha_Cracker_Tahrir_Petrochemical_Complex – 1.3 million tonnes per year (t/y) of ethylene

 – 600,000 t/y of propylene

 – 210,000 t/y of butadiene

 – 420,000 t/y of benzene

 – 1.35 million t/y of polyethylene (PE) including

 – 450,000 t/y of high density polyethylene (HDPE)

 – Two 450,000 t/y swing units of HDPE and linear low density polyethylene  (LLDPE)

Linde will provide its own licence for the naphtha cracker.

In parallel Carbon Holdings selected Univation Technologies Unipol, Prodigy and Xcat from Dow Chemical for the production of polyethylene and the bimodal production of HDPE/LLDPE.

While Foster Wheeler has been appointed as the project management consultant (PMC), Linde will lead the engineering, procurement and construction (EPC) of the Tahrir Petrochemical complex.

In his EPC task, Linde will be supported by SK Engineering and Construction (SKEC) from South Korea and Petrofac from UK.

In this context, Carbon Holdings expects to complete the financing of its Tahrir Petrochemical project with the support of the Export-Import Bank of Korea (Kexim).

For more information and data about oil and gas and petrochemical projects go to Project Smart Explorer

1 thought on “Egypt Carbon Holdings revises Tahrir Petrochemicals project upward”

  1. ahmed abd el razik mohamed

    we are international industrial supplying & Gases we would like to provide industrial gases from argon ,oxygen ,acetylene ,co2 and LBG our company from Egypt Suez
    best regards
    business development manager

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