Engineering and construction is expected to begin in early 2019 at the $10.9bn Tahrir Petrochemicals Corporation (TPC) world-scale cracker and petrochemicals complex in Egypt as the company completes financing arrangements.
The company expects 48 months to the end of pre-commissioning and an overall schedule of 55 months to mechanical completion, El-Baz added.
The cracker will consume 4m tonnes/year of naphtha to produce 1.35m tonnes/year of ethylene converted into 1.35m tonnes/year of high density polyethylene (HDPE) and linear low density polyethylene (LLDPE).
Capacities will also include 1m tonnes/year of propylene, 925,000 tonnes/year of polypropylene (PP), 250,000 tonnes/year of butadiene (BD) and 350,000 tonnes/year of benzene.
