Societe Generale to advise Tahrir Petchems

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Egypt’s Tahrir Petrochemicals Corporation has mandated Societe General as financial advisor to the $5.9bn Tahrir Petrochemicals project.

It will be Egypt’s largest petrochemicals complex once it is completed and will comprise naphtha, associated derivatives and polyethylene and polypropylene units as well as offsites and utilities. The complex will be located 30 km south of the Suez Canal at Ain Sokna in the Suez Special Economic Zone.

“The Tahrir project is a perfect example of how we can bring value to our clients in Egypt,”, Societe Generale Chief Executive Officer, Middle East Richad Soundardjee said.

“Tahrir is a project that will have a transformational effect on Egypt’s economic growth and generate significant employment opportunities,” said Basil El-Baz, Chairman and Chief Executive Officer of Carbon Holdings.

The project is majority owned by Carbon Holdings Limited, a mid-to-downstream petrochemicals developer and operator.