Egypt's Carbon Holdings has signed a debt financing deal with the UAE's Gulf Capital. The five-year Dirham 92 million ($25 million) loan will finance the development and expansion of three of Carbon Holdings' key projects, as per Platts. With this, Gulf Capital becomes Carbon Holdings' first institutional investor, ahead of a planned public offering on the Cairo stock exchange.
The projects cover the Egypt Hydrocarbon Corp. ammonium nitrate facility; Polypropylene manufacturer Oriental Petrochemicals, and the Tahrir Petrochemicals Corp., an estimated US$6 bln greenfield naphtha cracker and olefins complex, to comprise a 1.5 mln tpa naphtha cracker manufacturing 1.35 million tpa of polyethylene, 600,000 tpa of propylene, 210,000 tpa of butadiene and 420,000 tpa of benzene.
27-May-15 
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