(Cairo, Egypt) – Carbon Holdings, a mid-to-downstream petrochemical company and catalyst of industrial development in Egypt, is delighted to announce that its Chairman and CEO Basil El-Baz, has been awarded a Special Distinction as ‘Best African CEO’ by the Africa Investment Forum and Awards (AIFA) in Paris.
The awards recognize excellence in the energy, mining, infrastructure & city planning, M&A, growth strategies, and real estate industries and celebrates the very best organisations, projects and people in Africa. The judging process was demanding with a number of key measurements including the CEO’s leadership initiatives, the economic impacts that they have achieved, as well as development of social responsibility measures. Basil El-Baz is the entrepreneur behind Carbon Holdings and he, alongside his first-class team, manage and operate two operating plants in the strategic location of the Suez Economic Zone, in the Northwest Gulf of Suez: Egypt Hydrocarbon Corporation (EHC) and Oriental Petrochemical Corporation (OPC). Furthermore, Carbon Holdings plans to construct an approximately US$11 billion petrochemical complex, Tahrir Petrochemical Corporation (TPC), which will be potentially transformational for the Egyptian economy with commissioning anticipated in 2023.
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Nick Lyon / Bertie Berger
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About Carbon Holdings:
Carbon Holdings is a privately owned midstream and downstream petrochemical and process industrial plant company and is the principal shareholder and sponsor of several projects in the industrial zone in the Northwest Gulf of Suez, Egypt. Established in 2008 by Chairman and Chief Executive Officer Basil El-Baz, Carbon Holdings is a leader in the development and operation of petrochemical manufacturing projects in Egypt. Its portfolio includes Oriental Petrochemicals Company (OPC), a top producer of polypropylene, and Egypt Hydrocarbon Corporation (EHC), the only producer of nitric acid and low-grade ammonium nitrate in the Middle East and Africa. The company is also establishing the Tahrir Petrochemical Complex with an investment of circa US$11 billion, which will be located in Suez Economic Zone.
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The Company’s business is subject to a number of risks and uncertainties that could also cause a forward-looking statement, estimate or prediction to differ materially from those expressed or implied by the forward-looking statements contained herein. The information, opinions and forward-looking statements contained in this communication speak only as at its date and are subject to change without notice. The Company does not undertake any obligation to review, update, confirm or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this communication.