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Carbon Holdings is a privately-owned petrochemicals production company headquartered in Cairo, Egypt with offices in Dubai and Houston. Established in 2008, Carbon Holdings develops and operates midstream and downstream petrochemicals projects to supply the global manufacturing, mining and construction industries.

Carbon Holdings has two operating facilities based in the Suez Economic Zone: Egypt Hydrocarbon Corporation (EHC) and Oriental Petrochemicals Corporation (OPC). We are at an advanced stage of financing Tahrir Petrochemicals Corporation (TPC) which will create the one of the world’s largest single-train naphtha crackers to produce polyolefins. Due to start production in 2023, TPC  is set to transform the regional industrial and economic landscape.

Our first startup became operational in 2009, when the Chairman and members of the company’s executive team successfully commissioned an ammonia facility in Suez, Egypt, a project known as Egypt Basic Industries Corporation (EBIC). A landmark project financed by a syndicate of international institutions, EBIC is one of a select number of projects in Egypt to be financed entirely by a consortium of international banks and the first project finance transaction in Egypt to be financed under the Export–Import Bank of the United States (US Exim) loan guarantee programme. The EBIC plant is considered one of the largest stand-alone ammonia plants globally. EBIC was subsequently sold to Orascom, in a highly successful transaction.


Message from the Chairman and CEO

Basil El-Baz

On behalf of Carbon Holdings, I welcome you to our website and thank you for your interest in our company. I am extremely proud of the Carbon Holdings’ achievements since we launched in 2008 and the progress made towards our exciting plans for the future. Carbon Holdings is the product of a simple idea over which I began obsessing some two decades ago as an undergraduate: that a petrochemical producer can transform an entire economy by the simple power of its existence. Allow me to explain.

Carbon Holdings’ petrochemical products are the feedstock for a wide range of basic industries — they are the raw materials from which many industries make plastics and are used in the manufacture of packaging, paints and solvents, adhesives, floor coverings, and much more.

From the strategic location of all of our facilities on the Red Sea near the mouth of the Suez Canal, we are ideally situated to serve demand across Europe, the Middle East, North America, Asia and Africa.

“By producing these basic materials we are creating the feedstock for a whole universe of products that Egypt is currently unable to manufacture.”

But more importantly, the raw materials we produce should not just be considered simply the feedstock for manufacturing— in the right circumstances, they can become catalysts for major industrial development. To borrow from the character of Ray in the film Field of Dreams: “Produce it, and they will come”: the makers of packaging products as well as those manufacturing tires and components for the automotive industry; manufacturers of building materials, from carpets to paints for residential, commercial and industrial use; builders, miners, and construction companies all use the materials we produce — the list often feels endless.

And that is the point. By producing these basic materials we are creating the feedstock for a whole universe of products that Egypt is currently unable to manufacture because the domestic supply of these feedstock does not exist.

Operating out of the Suez Economic Zone, our subsidiaries, Oriental Petrochemicals Corporation (OPC) and Egypt Hydrocarbon Corporation (EHC), already produce polypropylene and low-grade ammonium nitrate respectively, supplying manufacturing, mining, and construction sectors in Egypt as well as in Africa, Europe, Asia, and the Americas.

Carbon Holdings’ circa US$ 11 billion Tahrir Petrochemicals Corporation (TPC) complex, which will be the world’s largest single-train naphtha cracker producing a range of base petrochemicals, can in the future increase Egypt’s polyolefins capacity tenfold. When the project is live, TPC has the potential to become the center of a new industrial hub, sparking industrial development by producing basic materials from which manufacturers can manufacture a huge array of products for both domestic consumption and export markets.

Our vision has attracted investment from global development finance institutions, export finance agencies, and other sophisticated investors. It will be transformational for the Egyptian economy, enabling new industries to emerge, grow, and connect to world markets. It has the potential to create tens of thousands of direct and indirect jobs both for the long-term and during the construction phase, almost all of them in the heartland of our Egypt’s oil and gas industry.

Our vision extends to investing in the communities in which we do business. We are long-term supporters of local community developments. We are proud sponsors of education, sport, and cultural opportunities for our nation’s youth, including up-and-coming squash players who dream of making an impact on the world stage, just as we do. In addition, each and every one of our facilities complies with relevant internationally recognized environmental and health and safety standards.

We are a young and ambitious company, privileged to have a seasoned management team with decades of experience in the petrochemicals sector. We are at the heart of an exciting opportunity to support industrial growth not just in Egypt, but throughout Africa and the Middle East.

I would be delighted to hear from you; please send your inquiries or comments to

Vision, Mission and Values

  • Our vision

    Our vision

    To become one of the world’s leading integrated petrochemical producers servicing global demand and the domestic market, and by doing so help Egypt prosper and develop

  • Our mission

    Our mission

    To support industrial growth in Egypt and across Africa through the supply of internationally cost-competitive, high-quality chemicals and petrochemicals that are essential in the manufacturing of everyday items

  • Our values

    Our values



Sep 2005

Loan agreement for the Egypt Basic Industries Corporation (EBIC) ammonia production plant is signed for c. US$ 348 million


Financial close is achieved on EBIC, making it the first industrial project in Egypt to receive a comprehensive loan guarantee from the US Export-Import Bank


Carbon Holdings is incorporated and headquartered in Cairo, Egypt

Mar 2009

EBIC plant is commissioned to produce ammonia in Suez

May 2009

EBIC successfully exports its first production of ammonia

July 2009

Production tests at EBIC are completed, and the plant is handed over by the EPC contractor

Nov 2010

Carbon Holdings concludes financing for Egypt Hydrocarbon Corporation’s (EHC) low density ammonium nitrate plant


Orascom Construction Industries becomes the majority shareholder of EBIC, and Carbon Holdings exits at a profit

Jan 2013

Carbon Holdings concludes its US$ 114 million acquisition of polypropylene producer Oriental Petrochemicals Corporation (OPC)

May 2015

Gulf Capital signs a US$ 25 million debt financing agreement with Carbon Holdings

Sep 2015

Engineering, procurement and construction for Carbon Holding’s EHC project are completed

May 2016

IFC invests US$ 25 million in Carbon Holdings

Sep 2016

Gulf Capital provides growth capital financing of US$ 32 million to Carbon Holdings

Feb 2017

Africa Finance Corporation (AFC) invests US$ 25 million in Carbon Holdings

Apr 2017

European Bank for Reconstruction and Development (EBRD) approves a US$ 11 million loan to Carbon Holdings

June 2018

Signing ceremony for the Tahrir Petrochemicals complex (TPC) on June 30th, 2018. The Government of Egypt and Carbon Holdings launch TPC, a world-scale petrochemicals complex. The Signing Ceremony was attended by government officials, diplomats, export credit agencies, development finance institutions, and other major stakeholders.

Our Products and Solutions

Products to support the world’s industrial and manufacturing sectors:

We currently produce a wide range of petrochemical products – including different grades of polypropylene, low density ammonium nitrate and nitric acid – that are essential in the development and growth in the manufacture of the majority of consumer goods and relied upon by the oil, mining, quarrying and construction industries globally.

Extending our product range to meet the future needs of our customers:

When our new TPC plant in the Suez Economic Zone becomes operational in 2023, we will also be able to supply our customers with linear low density polyethylene, high-density polyethylene, polypropylene, benzene, butadiene, gas oil and polymer grade propylene.

Industries We Cater to

Carbon Holdings’ products are used in many different sectors, from consumer goods such as plastics, packaging, solvents, to synthetic fibers, rubbers and insulating materials used in construction sectors and other heavy industries.

Our Distribution

Strategically located in Egypt, Carbon Holding’s projects enjoy far-reaching access ranging from markets in Europe and the Americas to the fast-growing Asian and MENA markets, having already established a unique foothold into continental African markets.

What sets Carbon Holdings apart from other petrochemical producers is our ability to manage distribution costs; our competitive geo-positioning ensures freight advantages and lower distribution costs compared to international competitors. With all our projects located in the Suez Economic Zone, in the Northwest Gulf of Suez, we can transport our high-quality polypropylene, low density ammonium nitrate, and nitric acid throughout Egypt and to markets in Africa, Europe, Asia, and the Americas. This geographic advantage ensures that the delivery cost of our products to these key growth markets is highly competitive.

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