Carbon Holdings Limited is a privately owned company headquartered in Cairo, Egypt. It was established in 2008 to develop, own and operate midstream and downstream petrochemicals projects.
Carbon Holdings’ projects include a polypropylene plant, a low density ammonium nitrate plant, and one of the world’s largest olefins and polymers facilites which is currently under development. Each of these projects is located in the Suez Industrial Zone of Egypt and is owned and operated by one of the Egyptian subsidiaries of Carbon Holdings.
Carbon Holdings’ strategy is to produce the essential petrochemical building blocks used to manufacture everyday goods to service the demands of both the local Egyptian and global markets. The geographical location of Carbon Holdings’ projects in the Suez Industrial Zone makes them extremely competitive in terms of access to both the large mature markets of Western Europe and North America and the high growth markets of Asia and the Middle East. These projects also provide the company with a regional advantage by establishing a foothold to access continental African markets.
Carbon Holdings will establish itself as the largest integrated petrochemicals company in Egypt. Carbon Holdings believes that the development of the petrochemicals market in Egypt will be an important stimulator for the Egyptian economy and the further industrialization of Egypt.
Egypt Hydrocarbon Corporation (EHC) is an Egyptian company set up by Carbon Holdings in 2007 to own and operate a low density ammonium nitrate facility which was developed as a greenfield project by Carbon Holdings. The facility produces 300,000 MTA of nitric acid and 381,000 MTA of low density ammonium nitrate. Low density ammonium nitrate is used for mining, coal mining, quarrying and construction.
In early 2013, Carbon Holdings acquired Oriental Petrochemical Corporation (OPC), an Egyptian company founded in 1996 which owns and operates a polypropylene facility. The facility began operations in 2001 and has a nameplate capacity of 180,000 MTA. OPC is a key player in Egypt engaged in the production and marketing of various grades of homopolymer polypropylene, including raffia, film, injection and fiber. The acquisition of OPC was driven by a number of key synergies with Carbon Holdings’ existing and planned projects.
Carbon Holdings is currently developing a greenfield petrochemicals complex consisting of a naphtha cracker unit, associated derivatives units, three polyethylene units, three polypropylene units, and offsites and utilities. The complex will be owned and operated by Tahrir Petrochemicals Corporation (TPC), an Egyptian company established by Carbon Holdings in 2011. TPC will produce 1.5 million MTA of ethylene which will be converted into 1.35 million MTA of high density polyethylene and Linear low density polyethylene, 880,000 MTA of polymer grade propylene, 880,000 MTA of polypropylene, 250,000 MTA of butadiene, 350,000 MTA of benzene and 150,000 MTA of gas oil. These products can service domestic downstream consumption in Egypt as well as global demand. On completion, TPC will supply all of the required propylene feedstock to OPC. As a producer of essential intermediate petrochemical building blocks, TPC will also create opportunities for further industrial development in downstream sectors such as those producing electronics, cables, high impact injection moulding and tyres.
Carbon Holdings is committed to implementing and operating all of its projects in accordance with the recognised international environmental and social standards and best sustainability measures.
During the development phase, together with globally recognised consultants, Carbon Holdings undertakes class leading environmental and social impact assessments for each project. Each ESIA complies with the relevant Egyptian standards (comprising the environmental standards of the Egyptian Environmental Affairs Agency and regional and international treaties relating to environmental matters to which Egypt is signatory) and relevant international standards including but not limited to IFC performance standards. The most stringent standards prevail in case of any discrepancies.
Carbon Holdings develops a comprehensive environmental and social management plans for each project as part of the ESIA, including a comprehensive environmental and social monitoring program, which is implemented during the construction phase and continued throughout the life span of the project. Carbon Holdings ensures compliance with all relevant standards by utilising leading, internationally renowned technology licensors and contractors, and demanding strict observance.
Carbon Holdings’ culture encourages transparent and continuous communication with stakeholders and the communities where the projects are located to ensure sustainable project development. Further, there is an environmental and social register containing records for each operating facility which is available for inspection by the community representatives and the authorities.
Carbon Holdings’ Environmental & Sustainability Department oversees the performance of all operations by the subsidiaries of Carbon Holdings. It will to start annual sustainability reporting in 2018, in accordance with the Global Reporting Initiative.
Tahrir Petrochemicals Corporation
Carbon Holdings has prepared an Environment and Social Impact Assessments for the TPC project to ensure environmental and social feasibility in accordance with local and global standards which Carbon Holdings is committed to. Click here to access the Environment and Social Impact Assessments.
For more information contact: Mohamed Hassan, Managing Director, Environment and Sustainability – firstname.lastname@example.org