Sie sind auf Seite 1von 12

ECH – Ain Sokhna Tahrir Petrochemical

Complex – Suez Governorate

Construction Project Profile

Published Date : March 2017

Report Code : CIC169402PP

John Carpenter House

John Carpenter Street

London EC4Y 0AN

United Kingdom

© Timetric. This product is licensed and not to be photocopied. Page| 1


1. Key Statistics ................................................................................................................................................. 3
2. Key Dates ...................................................................................................................................................... 3
3. Sector ............................................................................................................................................................ 3
4. Operating metrics .......................................................................................................................................... 3
5. Tender Information ........................................................................................................................................ 3
6. Scope............................................................................................................................................................. 3
7. Description..................................................................................................................................................... 4
8. Latest update ................................................................................................................................................. 5
9. Background.................................................................................................................................................... 6
10. Key Contacts.............................................................................................................................................. 6
11. General News, Project News .....................................................................................................................7
12. Appendix .................................................................................................................................................. 11

© Timetric. This product is licensed and not to be photocopied. Page| 2


ECH – Ain Sokhna Tahrir Petrochemical Complex – Suez
Governorate

1. Key Statistics
Project Value USD 7000.00 million Funding Public/Private
Project Type Parent Address
Construction Type New City Ain Sukhna
Profile Status Live Country Egypt
Project Stage EPC Award Location Type OnShore

2. Key Dates
Announcement Qtr Q1 2011
Construction Start Qtr Q4 2017(Estimated)
Construction End Qtr Q4 2021(Estimated)

3. Sector
Primary Taxonomy Secondary Taxonomy

Coal; Refinery Buildings

4. Operating metrics
Production Capacity 0.45 Million Tonnes Per Annum (MTPA)
Production Capacity 0.25 Million Tonnes Per Annum (MTPA)
Production Capacity 0.35 Million Tonnes Per Annum (MTPA)
Production Capacity 1.36 Million Tonnes Per Annum (MTPA)
Processing Capacity 1.36 Million Tonnes Per Annum (MTPA)
Generation Capacity 300.00 MW

5. Tender Information
Contract Tender Contract
Contract Tender
Contract Name value Submission Award Contract Awarded to
type Issue Date
(US$m) Date Date
Linde AG , Petrofac
Construction Q2 2012 Q3 2012 Q3 2012 Limited , SK
EPC NA
Contract (Estimated) (Estimated) (Estimated) Engineering &
Construction Co., Ltd.

6. Scope

The project involves the construction of a petrochemical complex in Ain Sokhna, Suez Governorate, Egypt.
The US$7,000 million project includes the following:
1. Construction of a 1.36MTPA ethylene unit
2. Construction of a 900,000TPA propylene unit
3. Construction of a 250,000TPA butadiene unit

© Timetric. This product is licensed and is not to be photocopied P a g e |3


ECH – Ain Sokhna Tahrir Petrochemical Complex – Suez
Governorate

6. Scope
4. Construction of a 350,000TPA benzene unit
5. Construction of a 1.36MTPA polyethylene unit
6. Construction of a 450,000TPA HDPE unit
7. Construction of two 450,000TPA swing units of HDPE and LDPE
8. Construction of a 300MW power plant
9. Construction of a 3,800m3 per hour water treatment plant
10. Laying of pipelines

7. Description

Egypt Carbon Holdings (ECH) is planning to undertake the construction of Ain Sokhna Tahrir Petrochemical Complex
project in Suez Governorate, Egypt.

The project involves the construction of a petrochemical complex. The petrochemical complex will produce 1.36 million
tons per annum (MTPA) of ethylene, 1.36MTPA of polyethylene (PE), polypropylene plant, ammonium nitrate facility
including, 450,000TPA of high density polyethylene (HDPE), two 450,000TPA swing units of HDPE, and linear low
density polyethylene (LLDPE).

It will also include a 4MTPA naphtha cracker and related downstream facilities with the capacity to produce
900,000TPA propylene, 250,000TPA butadiene, 350,000TPA benzene and 100,000TPA hexene-1.

The project also includes the construction of a 300MW power plant, and a water treatment plant with a capacity of
3,800m3 per hour (cm/h), and the laying of pipelines.

KBR has been awarded as a front-end engineering design (FEED) contract for ammonium nitrate plant.

The Linde Group has been appointed to construct ethylene facility, and SK Engineering & Construction Co., Ltd (SKEC)
and Petrofac Ltd to construct polyethylene plant.

ECH selected Univation Technologies Unipol, Prodigy and Xcat from Dow Chemical for the production of polyethylene
and the bimodal production of HDPE and linear low density polyethylene (LLDPE).

In November 2013, General Electric (GE) and ECH signed US$500 million agreement to provide technology and equity
support to the project.

On March 26, 2014, Maire Tecnimont S.p.A., through some of its subsidiaries, in association with Archirodon Group,
signed an agreement with ECH for the realization of Utilities and Offsite Facilities as part of the project.

Maire Tecnimont’s scope of work includes the engineering and procurement (EP) activities for Utilities Island, sea water
desalination system, waste water treatment, power plant and auxiliary packages and system, as well as in the
commissioning for all the facilities.

Archirodon’s scope of work includes the engineering, procurement and construction (EPC) supply of sea works tanks,
jetty works and pipelines as well as the construction activities for all the remaining facilities.

The Export-Import Bank of Korea (Kexim) will provide funding for the project.

In May 2014, Drake & Scull International (DSI) was awarded US$600 million construction contract. DSI will exclusively
join the international consortium of companies to collaboratively undertake the engineering, procurement, construction
and commissioning (EPCC) activities related to the utilities and offsite facilities of the project.

The scope of the contract will encompass the complete OSBL construction works and civil works, including storage

© Timetric. This product is licensed and is not to be photocopied P a g e |4


ECH – Ain Sokhna Tahrir Petrochemical Complex – Suez
Governorate

7. Description
facilities and ancillary buildings.

The project management contract was earlier let to Amec Foster Wheeler but it has now been replaced with Bechtel
Corporation.

In October 2014, ECH started negotiating with the UAE government to invest US$400 million.

In July 2015, CB&I was appointed as engineering designer for ethylbenzene/styrene plant.

On January 13, 2016, Emerson Electric Co. was awarded US$150 million Automation Supply Contract. This contract
includes providing automation and reliability technologies and services for the project.

On May 30, 2016, International Finance Corporation (IFC) announced plans to fund US$25 million.

In June 2016, Societe Generale SA appointed as financial advisor.

The US$570 million ammonium nitrate facility commenced operations in July 2016 and the polypropylene plant in
September 2016.

ECH is currently in the process of negotiations for US$5,200 million loan from China Development Bank (CDB), Export-
Import Bank of the United States (EXIM Bank), in addition to other two banks from the UK and Germany, and a U.S.
sovereign fund for financial closure.

Fund raising activities are underway. Construction works are scheduled for completion in 2021.

Stakeholder Information:
Planning Authority: The Ministry of Petroleum, Egypt
Engineering Design (Ethylbenzene Plant): CB&I
Financial Advisor: Societe Generale SA
FEED Contract: KBR
Lead Consultant: Drake & Scull International
PMC Contract: Bechtel Corporation
EPC Contract: The Linde Group (Ethylene Plant); SK Engineering & Construction Co., Ltd, and Petrofac Ltd
(Polyethylene Plant)
Process Technology Consultant: General Electric (GE)
EPCC Contract: Maire Tecnimont S.p.A, Archirodon Group, Drake & Scull International
Automation Contractor: Emerson Electric Co.

8. Latest update

February 2017 – Fund raising activities are underway.

November 2016 – Fund raising activities are underway.

October 2016 – Fund raising activities are underway.

September 2016 – Polypropylene plant commenced operations.

July 2016 – Ammonium nitrate facility completed and commenced operations.

June 2016 – Societe Generale SA appointed as financial advisory.

May 30, 2016 – IFC announced to fund US$25 million.

May 2016 – Construction activities are underway on ammonium nitrate facility and polypropylene plant.

© Timetric. This product is licensed and is not to be photocopied P a g e |5


ECH – Ain Sokhna Tahrir Petrochemical Complex – Suez
Governorate

8. Latest update
February 2016 – ECH is in the process of finalizing finance for the project.

January 13, 2016 – Emerson Electric Co. awarded a US$150 million Automation supply Contract for the project.

July 2015 – CB&I appointed as engineering designer for ethylbenzene/styrene plant.

June 2015 – Pre-construction activities are underway.

July 2014 – Preparatory works are underway.

May 2014 – DSI appointed as EPC Contractor for the project.

March 26, 2014 – Maire Tecnimont S.p.A along with Archirodon Group signed an agreement with ECH for the
realization of Utilities and Offsite Facilities as part of the project.

November 2013 – GE and ECH signed a US$500 million agreement to provide technology and equity support to the
project.

Q1 2011 – ECH announced plans to construct the Ain Sokhna Tahrir Petrochemical Complex project.

9. Background

A new petrochemical complex is proposed to be constructed in Ain Sokhna.

The main aim of the project is to meet the rising demand for petrochemical products in Egypt.

During the construction phase, the project will employ over 20,000 professionals and skilled workers in addition to creating
several thousands more indirect jobs. It will also add another 3,000 high-skilled jobs for engineers and technicians.

10. Key Contacts


Capacity Company Description Address
Building 1
Project Owner Carbon Holdings, (+20) 2 33444774
Egypt Sphinx Square

Project 11 Pilgrim StreetPost Code: EC4V


Bechtel (+44) 20 88465111 6RNCountry: United KingdomCity:
Manager Corporation
Londonwww.bechtel.com

Project 11 Pilgrim StreetPost Code: EC4V


Bechtel (+44) 20 88465111 6RNCountry: United KingdomCity:
Manager Corporation
Londonwww.bechtel.com

Process
General Electric (+20) 2 25354200
Technology Company

Planning
Ministry Of (+20) 2 6706401
Authority Petroleum Egypt

© Timetric. This product is licensed and is not to be photocopied P a g e |6


ECH – Ain Sokhna Tahrir Petrochemical Complex – Suez
Governorate

10. Key Contacts


Capacity Company Description Address
Lead
Drake & Scull (+20) 2 24174835
Consultant International

SG House,
Financial
Societe Generale (+44) 20 76766640 41 Tower HillPost Code: EC3N
Advisor SA 4SGCountry: United KingdomCity:
Londonwww.societegenerale.com

Engineering One CB&I Plaza, 2103 Research Forest


Design CB&I Inc. (+1) 832 5131000 DrivePost Code: TX 77380Country:
Consultant United StatesCity: Houstonwww.cbi.com

Engineering Hill Park Court Springfield DrivePost


Design KBR, Inc. (+44) 1372 865000 Code: KT22 7NLCountry: United
Consultant KingdomCity: Leatherheadwww.kbr.com

Contractor Archirodon Group El-Sarag complex, Building#2, Suits 73


(+20) 2 22701440
N.V. & 74

Contractor Drake & Scull (+971) 2 6226005


International
Contractor Linde AG (+49) 89 3575701 Klosterhofstrasse 1,

Contractor Maire Tecnimont (+39) 02 63131


S.p.A.
4th Floor, 117 Jermyn Street,Post Code:
Contractor Petrofac Limited (+44) 20 78114900 SW1Y 6HHCountry: United
KingdomCity: Londonwww.petrofac.com

192-18 Gwanhun-dong, Jongro-guPost


SK Engineering & Code: 110300Country: Republic of
Contractor Construction Co., (+82) 3 7008844
Korea (South Korea)City:
Ltd.
Seoulwww.skec.com

Automation
System Supply Emerson Electric (+971) 4 8118100
Co (EMR)
Contractor

Source: Timetric

11. General News, Project News


Title Publish Date Description
Egyptian petrochemicals complex 02-Sep-2016 Eyptian petrochemicals company Carbon Holding’s proposed
Tahrir Petrochemicals Complex is to be located within the Ain
expected 2021 Sokhna industrial zone, near the Gulf of Suez. Major contracts
for the project have been awarded, with the construction work
expected to start later this year and commissioning expected in

© Timetric. This product is licensed and is not to be photocopied P a g e |7


ECH – Ain Sokhna Tahrir Petrochemical Complex – Suez
Governorate

11. General News, Project News


Title Publish Date Description
2021.

Societe Generale wins advisory 16-Jun-2016 Societe Generale and Tahrir Petrochemicals Corporation
S.A.E., owned by Egyptian firm Carbon Holdings Limited, have
mandate for Tahrir Petrochemicals signed an agreement mandating the bank to serve as financial
complex in Egypt advisor to the Tahrir Petrochemicals project in Egypt.

Tahrir Petrochemicals is a private sector greenfield


petrochemicals complex, and will be the largest complex in the
country once it is completed.

Carbon Holdings looks to future with 01-Jun-2016 Egypt’s Carbon Holdings, a petrochemical producer, has
received a $25million funding boost from the World Bank’s
World Bank investment private investment arm, International Finance Corp.

The investment is the second participation in a $75 million five-


year convertible loan structured by Investbridge Capital.

Plan to reach production capacity of 18-Apr-2016 Carbon Holdings detection, targeting the company to complete
its negotiations with the four foreign banks for a loan worth $
the project's four million tons of 5.2 billion by the end of this year to finance the liberation
petrochemicals annually petrochemical complex in Ain Sokhna.

He pointed out in an exclusive statement to "tomorrow's


money", that banks that are negotiating with the China
Development Bank, and US exports and exports the English
and German exports and US sovereign fund.

Tahrir Petrochem plant 06-Mar-2016 Construction Business News ME speaks with the developers
behind the world’s largest naphtha cracker plant, Tahrir
Petrochemical project, being built in Egypt

Egypt's Carbon Holdings signs 26-May-2015 Egypt's privately owned Carbon Holdings has signed a debt
financing deal with the UAE's Gulf Capital ahead of the planned
financing deal for petrochemicals construction later this year of a major petrochemicals complex
projects at Ain Sokna on the Suez Canal.

The five-year Dirham 92 million ($25 million) loan will finance


the development and expansion of three of Carbon Holdings'
key projects, the company said Tuesday.

CB&I clinches Egypt chemical unit 21-Feb-2015 Chicago Bridge & Iron Company (CB&I) said it has been
awarded a contract by Carbon Holdings for the licence and
contract engineering design of a polypropylene unit to be built in Ain
Sokhna, Egypt.

Egypt’s Carbon Holdings expects to 03-Dec-2014 Construction is slated to start later in 2015. The 5 million-
square-metre complex’s planned annual output will include 1.3
finalise the financing arrangements million tonnes of ethylene, 600,000 tonnes of propylene,
for the Tahrir Petrochemicals 210,000 tonnes of butadiene, 420,000 tonnes of benzene, 1.35
Complex, to be built in Ein Sokhna, million tonnes of polyethylene and 450,000 tonnes of high-
density polyethylene.
in the first quarter of 2015.

Carbon Holdings negotiating $400m 27-Oct-2014 A government official has stated that Carbon Holdings is in
negotiations with the UAE government over a possible $400m
Emirati investment in Tahrir Emirati investment in the Tahrir Petrochemical Complex

© Timetric. This product is licensed and is not to be photocopied P a g e |8


ECH – Ain Sokhna Tahrir Petrochemical Complex – Suez
Governorate

11. General News, Project News


Title Publish Date Description
Petrochemical Complex project.

The official, who preferred not to be named, said that – if the


negotiations are successful – the Emirati government may also
give its shares to the Egyptian government, represented by
Egyptian Petrochemicals Holding Company (ECHEM).

Construction of $7 billion naphtha 18-Sep-2014 Construction of Carbon Holding's Tahir Petrochemicals project
is to start in six weeks, company chairman Basil El-Baz said on
cracker to start soon in Egypt the margins of the Euromoney Egypt Conference on
Wednesday.

The new factory will be the largest liquid naphtha cracker in the
Middle East, costing $7 billion.

DSI wins $600m Egypt petchem 13-May-2014 Drake & Scull International (DSI), a regional market leader in
the integrated design, engineering and construction, has won a
project deal major deal worth Dh2.2 billion ($600 million) related to Egypt's
new Tahrir Petrochemical Corporation (TPC) Project.

Maire Tecnimont signs contract for 01-Apr-2014 Maire Tecnimont has signed an agreement with Carbon
Holdings for the realisation of utilities and offsite facilities as
Tahrir petrochemical complex part of the Tahrir petrochemical complex located in Ain Sokhna,
Egypt.

Maire Tecnimont Group and Archirodon Group will provide


EPCC services for an expected value between $1.

Egypt Carbon Holdings revises 06-Dec-2013 Egypt Carbon Holdings, a privately-owned company, is working
with several national export credit agencies to expand the
Tahrir Petrochemicals project financing of its Tahrir Petrochemical project including the world
upward largest naphtha cracker to be installed at Ain Sokhna at the
entry of the Suez Channel in Egypt.

GE to provide technologies in Egypt 18-Nov-2013 GE and Carbon Holdings signed a $500 million agreement to
provide technology and equity support to Tahrir
for greenfield petrochemicals Petrochemicals' greenfield naphtha cracker and olefins
project complex project in Ain Sokhna, Egypt.

GE and Carbon Holdings signed a $500 million agreement to


provide technology and equity support to Tahrir
Petrochemicals' greenfield naphtha cracker and olefins
complex project in Ain Sokhna, Egypt.

Egypt to revive its refining and 19-Oct-2012 Tahrir Petrochemicals to move on again
petrochemicals projects
Following the Mostord refinery example, the private company
Egyptian Carbon Holdings (ECH) is working on the $3.7 billion
Tahrir Petrochemicals project to be located in Sokhna.

Then major international oil companies such as BP and Shell


decided to extend their exploration and production programs in
Egypt in order to secure a long term and sustainable supply in
oil and gas to any downstream scheme.

© Timetric. This product is licensed and is not to be photocopied P a g e |9


ECH – Ain Sokhna Tahrir Petrochemical Complex – Suez
Governorate

11. General News, Project News


Title Publish Date Description
Source: Timetric

© Timetric. This product is licensed and is not to be photocopied P a g e | 10


Appendix

12. Appendix

About Timetric

Timetric is a premium information solutions provider focused on providing critical business intelligence on key global
sectors and economies.

Our business spans four main areas:

Business Information:

Our business intelligence services provide powerful premium industry briefing and intelligence tools covering key global
industries, market data, forecasts, opinion and analysis. We provide independent economic analysis and macroeconomic
data targeted at the needs of institutions and corporate clients around the globe. Our focus is on providing unparalleled
insight and data on emerging economies, delivered through an innovative and powerful software platform.

Market Reports:

Each year we produce hundreds of high quality research reports across a broad range of industries. The reports draw on
in-depth primary and secondary research, proprietary data and high quality modelling and analysis to give you insight into
the market, customer and competitive dynamics of key markets in key countries.

Communities:

We support and work with communities around the key sectors and industries where we have expertise. We host over 20
online and offline events a year, both global and local in scope, as well as providing services around online communities
and information services. Focused on products, technology, trends and innovation, our services span both developed and
emerging markets. Our community brands have a long-established history, in some cases stretching back over one
hundred years.

Consulting:

Our team offers a customized research and analysis service to suit your specific business and information needs in order
to support you in meeting the needs of your customers. Leveraging our extensive company, market and economic
research databases and the industry expertise of our respected analyst and editorial teams, we can provide bespoke
analysis, data and research services across all geographies and markets.

Timetric's corporate headquarters are in London with international offices in New York, Singapore, Sydney and
Hyderabad. We have over 100 staff dedicated to research and analysis of the construction industry.

This construction project profile is part of Timetric's database of 80,000+ construction projects. Our continuously updated
database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than
$25 million and key contact details for project managers, owners, consultants, contractors and bidders. We offer
subscription based access to our projects database via the CIC platform.

© Timetric. This product is licensed and is not to be photocopied P a g e | 11


Reproduced with permission of the copyright owner. Further reproduction prohibited without
permission.

Das könnte Ihnen auch gefallen