Local private firm Carbon Holdings is ready to begin building the Tahrir Petrochemical Complex at Egypt’s Red Sea port of Ain Sukhna, after having awarded around $5.5bn in construction contracts. The complex will process naphtha to produce 1.35mn tons/year of polyethylene and other products, with start-up scheduled for 2019.

Italy’s Maire Tecnimont and Dutch partner Archirodon have signed an engineering, procurement, construction and commissioning (EPCC) contract with Carbon Holdings to build utilities and offsites for Tahrir. Tecnimont said on 26 March that the contract value is estimated at $1.7-1.95bn, of which it would receive 50%. Dubai’s Drake and Scull too will join the EPCC consortium. Project scope includes building a power and desalination plant, tank farm, pipelines and a jetty. (CONTINUED - 584 WORDS)