Carbon Holding CEO Basil El-Baz was quoted by Reuters as saying that the new naptha cracker project is part of the Tahrir Petrochemicals Complex that is worth about $4.8bn.
According to Baz, the construction of the cracker will begin in 2014, and is expected to take 50 months to complete the project.
The plant, after installing new cracker, will have a capacity to produce about 1,360,000 tonnes of ethylene and polyethylene, and significant amounts of propylene, benzene, butadiene and linear alpha olefins.
Both the companies will improve technologies of Tahrir by providing advanced aero-derivates gas turbines, steam turbines, generators, water filtration and desalination equipment, as well sa turbo machinery compressors.
