BEIJING, July 5 (Xinhua) -- China National Chemical Engineering Co., Ltd. (CNCEC) and Egypt’s Carbon Holding signed a cooperation framework agreement in Cairo, Egypt on June 30, said CNCEC on its website.
According to the agreement, the two parties will work together to promote the Tahrir petrochemical project, and carry out all-round in-depth cooperation in investment and financing as well as engineering technology.
The Tahrir petrochemical project is initiated by Carbon Holding and it is the largest petrochemical project in Africa to date, with a total investment of approximately 10.9 billion U.S. dollars.
Located in the industrial zone and special economic development zone in the northwestern gulf of Suez, Egypt, it includes a series of petrochemical plants designed to produce 1.35 million tons of polyethylene, 880,000 tons of polypropylene, 250,000 tons of butadiene, 350,000 tons of benzene, 150,000 tons of gasoline and 100,000 tons of 1-hexene in a year and also a 4 million tons a year of naphtha cracking plant. (Edited by Yang Qi, kateqiyang@xinhua.org)
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