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Egypt’s Carbon Holdings negotiates Emirati investment

by ChemOrbis Editorial Team -
  • 29/10/2014 (13:42)
According to local media, Egypt’s Carbon Holdings is currently in negotiations with the United Arab Emirates’ government over a possible $400 million Emirati investment in the Tahrir Petrochemical Complex project.

Tahrir Petrochemical Complex investments are estimated to total around $6.8 billion and 65% of project funding will be obtained through banks, while 35% will be self-funded or from foreign-government funds, including the potential UAE contribution. The construction work of the project will start in early 2015 and is planned to take around 45 months.

The complex will produce 1.35 million tons/year of PE, 960,000 tons/year PP, around 400,000 tonnes of petrol, and 215,000 tons/year butadiene.
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