Carbon Holdings will start constructing the Tahrir petrochemicals complex by the end of 2018, according to Amwal Al Ghad.

Around $10 billion will be invested into the construction of the complex, Karim Helal, the company’s chairman, announced.

Tahrir Petrochemicals Complex is forecasted to be the largest facility of its kind in Egypt, exporting up to 25% of the country’s total oil and non-oil exports. The complex is planned to be established on a 5 million m2 area close to Ain Sokhna Port.

Carbon Holdings signed an agreement with US construction company Bechtel to handle the complex’s construction works, along with a consortium of several specialized local and international construction firms, Helal stated.

The complex will be divided into three sites. The first site will have the naphtha cracker facility, with an annual production capacity of up to 4 million tons. The second site will host facilities to produce associated oil derivatives, while the third site will house polyethylene units.

The third site’s maximum annual production capacity is expected to be 900,000 tons of propylene, 1.4 million tons of ethylene and polyethylene, 350,000 tons of gasoline, 250,000 tons of butadiene, and 100,000 tons of hexene-1.