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Carbon Holdings’ facilities to be managed by Agility

Wednesday 23 January 2019 01:01 PM


Carbon Holdings  has signed a memorandum of understanding (MoU) with Agility, a leading global logistics provider, to to manage the former's logistics including construction of the new Tahrir Petrochemicals Complex, TradeArabia reports.
Agility will work with Carbon Holdings, a midstream and downstream petrochemical and process industrial plant company, to transport plastic byproducts within Egypt and to customers abroad, said a statement from the company.

The 5 million sq-m complex is expected to be the largest single-train naphtha cracker in the world and will be strategically located in the Suez Canal Economic Zone in Ain Sokhna, Egypt.
Basil El Baz, chairman and chief executive officer of Carbon Holdings, said: “Once our state-of-the art facility is operational, TPC will significantly increase Egypt’s total oil and non-oil exports.”

“Agility’s specialised logistics services will help us achieve our ambitious growth plans. Through TPC, we expect to be able to efficiently and effectively transport our materials around the world, given the site’s strategic location in the Suez Canal Economic Zone,” he added.

Carbon Holdings develops, owns and operates a number of petrochemical manufacturing projects in Egypt. Once operational, TPC is expected to produce approximately 4 million tonnes a year of product and will be the first of its kind in the Middle East and Africa.
Elias Monem, chief executive officer of Agility Middle East and Africa, said: “Agility has extensive experience serving the petrochemicals industry with a suite of solutions across the supply chain, and a strong track record of providing specialised logistics expertise.”

“Having handled over 1,000 mega-projects globally, our specialists are well-versed in the demands of high-value, turnkey projects and have extensive capabilities in global project logistics, fuel logistics and remote-site services,” he added.