Tahrir Petrochemicals Complex (TPC) with $10bn in investments is planned to will starts up in 2023 in the Suez Economic Zone, Egypt, according to the Chief Projects Officer at Carbon Holdings.
First envisaged by Carbon Holdings in 2012, TPC’s construction start-up date has been delayed several times.
The guidance in 2018 indicated construction would start in the first quarter of 2019, but the company’s chief projects officer (CPO) Peter Skelly confirmed actual construction would start in the fourth quarter.
The project would give Egypt its first naphtha cracker, which Carbon Holdings claims would be the stepping-stone for the country to develop more downstream sectors in order to create jobs.
This project will outshine its competitors in the Middle East as its exports to Europe will be much more competitive.
Carbon Holdings plans to build at TPC a cracker processing 1.35m tonnes/year of ethylene, which will be converted into 1.35m tonnes/year of high-density polyethylene (HDPE) and linear low-density polyethylene (LLDPE).
It will also include 1m tonnes/year of propylene, around 700,000 tonnes/year of polypropylene (PP), 250,000 tonnes/year of butadiene (BD) and between 350,000-550,000 tonnes/year of benzene.
Together with its existing 220,000 tonnes/year of PP at its current facility, Carbon Holdings’ PP capacity would rise to 920,000 tonnes/year.