Written on 23.01.2014 - Industry
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EGYPT: SK concludes USD 3.6-billion agreement for Tahrir petchem project

SK Engineering and Construction Co., as part of a consortium with Linde, has signed a USD 3.6-billion contract with Carbon Holdings for the Tahrir petrochemicals complex being built in Ain Sokhna, Egypt.

The project, referred to as “the world’s largest naphtha liquid cracker,” will have the capacity to produce 1.36-million t/y of ethylene, and includes three 450,000-t/y polyethylene (PE) plants.

SK said it will be responsible for the PE plants, representing USD 900-million of the contract. Work on these plants is expected to begin in late 2014, with completion scheduled for early 2019.

In addition to the basic design, procurement and construction, SK noted that it has a stake in the front-end engineering design aspect of the project, as well as financing.

“Comprehensive participation in design and financing means the Tahrir project marks the first time SK is entering a project in the North African country as a . . . total solution provider.”

Source: Weekly "PetroChemical News", Durham, NC, USA; 30 Dec 2013
(Syed Rashid Ali, Karachi, Pakistan)