A preliminary agreement was signed with Carbon Holdings for the development on EPCC basis of a polyethylene facility inside the Tahrir Petrochemical (TPC) Complex.
The Tahrir Petrochemical Complex is located at the south entrance of the Suez Canal, is one of the most strategic projects for Egypt.
Maire Tecnimont S.p.A., through its subsidiary Tecnimont S.p.A., has signed a preliminary agreement with Carbon Holdings for the realisation of polyethylene units to be produced in the Egyptian Petrochemical Complex, located in Suez Canal Economic Zone, Ain Sokhna
Carbon Holdings - founded by Basil El-Baz, Chairman and CEO – a privately owned company which develops and operates downstream oil and gas and petrochemical projects in Egypt.
The agreement, awarded on a direct negotiation basis, envisages Engineering, Procurement, Construction and Commissioning (EPCC) activities, focusing on the higher technological content process units.
The Project’s new scope of work, which replaces the old one, consists of the realisation of 3 polyethelene lines of 450,000 tonnes per year, utilising the Unipol PE technology, by Univation Technologies. The onshore part of the work will be realised in consortium with Hassan Allam Construction (one of the major Egyptian construction companies) and Consolidated Contractors Group (one of the major contractors in the Middle East, based in Athens). Tecnimont is the leader of the Consortium.
The finalisation of the contract is subject to the financial closing of the whole Tahrir Petrochemical Complex.