Tahrir Petrochemical Complex Progresses

Egypt’s Largest-ever Petrochemical Complex

Energy developer Carbon Holdings said that technical details are almost finalized for the largest=ever petrochemicals project in Egypt, with construction set to begin by year end.

The US$10.9 billion Tahrir Petrochemical Complex is projected to be a major source of breakbulk demand in the country in the near term, with four separate engineering, procurement and construction, or EPC contracts expected to commence imminently.
“The technical schedules and the details are currently being worked out with EPC contractors. We are hoping to mobilise the EPC contractors, and see them start to execute their packages, before the end of the year,” said James Bishop, managing director at Carbon Holdings.

World-scale Polyolefins

The proposed petrochemicals complex will comprise a world-scale polyolefins plant as well as ancillary infrastructure to enable the Egyptian manufacturing and export industries. The facility will be operated by special vehicle firm Tahrir Petrochemicals Corp.
“Tahrir Petrochemicals Corp. aims to enable significant growth of domestic production across a wide range of manufacturing industries in Egypt through the supply of various feedstocks and raw materials. Once operational, TPC will provide a cost-competitive supply of specialist products to customers in Egypt, Africa, and the rest of the world,” a spokesperson for Carbon Holdings said.
The firm estimates that the complex will create more than 35,000 direct and indirect jobs, supporting income and stimulating demand in the economy for further economic and social development.

Significant Potential
The development of the Tahrir complex follows news that Italian oil major Eni had discovered a major new offshore gas discovery in Egypt, with the potential to drive significant breakbulk demand in the region.
The firm reported “33 meters of gross sandstone pay with good petrophysical properties and an estimated gas column of 90 meters in the Tineh formation of Oligocene age” from its Nour exploration prospect.
Privately owned petrochemicals production company Carbon Holdings is headquartered in Cairo, Egypt, with offices in Dubai and Houston. The firm notes that TPC will “serve as a catalyst” for further downstream petrochemical projects and infrastructure development.