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Egypt’s Carbon Holding signs financing deal for petchem projects

by ChemOrbis Editorial Team - content@chemorbis.com
  • 25/05/2015 (16:31)
According to media reports, Egypt’s largest petrochemicals holding Carbon Holding has signed a debt financing deal with Gulf Capital, an alternative investment firm in the Middle East, for its new petrochemical projects.

Under the new deal, Gulf Capital will provide convertible, five-year loan facility worth $25 million to finance the development and expansion of three new petrochemical projects in Egypt which were listed as Egypt Hydrocarbon Corporation’s $550 million Mining Grade Ammonium Nitrate plant, Oriental Petrochemicals Corporation’s PP production plant, and Tahrir Petrochemicals Corporation’s $7.4 billion greenfield naphtha cracker, olefins production complex with relevant derivative units.

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