MOSCOW (MRC) -- Agility, a leading global logistics provider, has signed a memorandum of understanding to manage logistics at Carbon Holdings’ industrial facilities in Egypt, including construction of the new Tahrir Petrochemicals Complex (TPC), as per Hydrocarbonprocessing.
Agility will work with Carbon Holdings, a midstream and downstream petrochemical and process industrial plant company, to transport plastic byproducts within Egypt and to customers abroad. Agility will also handle the distribution of chemical compounds, including low-density ammonium nitrate inside Egypt and the onward distribution to container ports for Carbon Holdings’ Egypt Hydrocarbon Corporation (EHC) business.
The 5-MMm2 TPC is expected to be the largest single-train naphtha cracker in the world and will be strategically located in the Suez Canal Economic Zone in Ain Sokhna, Egypt. During construction, Agility will collaborate with Carbon Holdings to optimize heavy lift operations for the project, including in-bound movement of containers, storage and equipment for construction.
Elias Monem, CEO of Agility Middle East and Africa, said, "Agility has extensive experience serving the petrochemicals industry with a suite of solutions across the supply chain, and a strong track record of providing specialized logistics expertise. Having handled over 1,000 mega-projects globally, our specialists are well-versed in the demands of high-value, turnkey projects and have extensive capabilities in global project logistics, fuel logistics and remote site services."
Basil El-Baz, Chairman and CEO of Carbon Holdings, said, "Once our state-of-the art facility is operational, TPC will significantly increase Egypt’s total oil and non-oil exports. Agility’s specialized logistics services will help us achieve our ambitious growth plans. Through TPC, we expect to be able to efficiently and effectively transport our materials around the world, given the site’s strategic location in the Suez Canal Economic Zone."
Carbon Holdings develops, owns and operates a number of petrochemical manufacturing projects in Egypt. Once operational, TPC is expected to produce approximately 4 MMtpy of product and will be the first of its kind in the Middle East and Africa. TPC will consist of a derivatives unit, three polyethylene units, three polypropylene units and associated facilities, including a co-generation plant and water desalination plant.
As MRC reported earlier, in December 2018, Egypt’s Carbon Holdings secured USD1.25 billion in financing to build a giant petrochemicals complex in the Red Sea port of Ain Sokhna. The Tahrir Petrochemicals Complex, a USD10.9 billion project, would be the largest in the Middle East and is expected to create 48,000 jobs.