EGYPT: GE, Carbons Holdings in $500-million deal for Tahrir olefins complex

The project, said to be "the world's largest naphtha liquid cracker,” will have the capacity to produce 1.36-million t/y of ethylene. It also includes three 450,000-t/y polyethylene (PE) plants, as well as "significant quantities of propylene, benzene, butadiene and linear alpha olefins,” GE explained.

A completion date was not given, but recent reports said it was scheduled to come on stream in 2015.

GE will provide advanced aero-derivatives gas turbines, steam turbines, generators, water filtration and desalination equipment, turbo machinery compressors and industrial solutions services, in addition to equity financing.

Carbon Holdings earlier signed an agreement with a joint venture of SK Engineering & Construction and Shaw Group for construction of the ethylene plant. The company has also appointed Foster Wheeler as project management consultant for the PE plants, one of which will be dedicated to high-density PE and the other two for the production of liner low- and high-density PE. All three PE lines will be based on Univation Technologies' Unipol process.

Source: Weekly "PetroChemical News", Durham, NC, USA; 25 Nov 2013(Syed Rashid Ali, Karachi, pakisran)