Carbon Holdings is set to start the construction works of Tahrir Petrochemicals Complex with total investments of $10 billion by the end of the current year, according to Chairman Karim Helal.
Tahrir Petrochemicals Complex is the largest petrochemicals complex in Egypt. The complex will be built on the northern outskirts of Ain Sokhna. Its exports are forecasted to equal 25% of Egypt’s oil and non-oil exports.
The complex is expected to create 20,000 temporary job opportunities, It will be built on 5 million square meters in close proximity to Ain Sokhna Port. Once completed, it should create around 50,000 direct jobs and 25,000 indirect job opportunities.
He told Amwal Al Ghad that the company has signed an agreement with Bechtel Corporation, an engineering, procurement, construction, and project management company, to manage the project’s construction works within a consortium including number of specialized local and global construction companies.
The Tahrir Petrochemicals Complex is split into three separate sites. The first site is where the naphtha cracker facility is located. Its maximum annual production capacity will be around four million tons, making it the biggest in the world.
The second site is dedicated to facilities that produce associated oil derivatives.
The last site has three polyethylene units with a forecasted maximum annual production capacity of 1.4 million tons of both ethylene and polyethylene, 900,000 tons of propylene, 250,000 tons of butadiene, 350,000 tons of gasoline, and 100,000 tons of hexene-1.
Another separate production line will have a maximum annual production capacity of 1,060 tons of ammonium nitrate. Also in the complex will be two polypropylene production facilities.