 | This biographical article is written like a résumé .(February 2020) |
Basil El-Baz | |
|---|---|
 | |
| Nationality | Egyptian |
| Education | Government & Economics |
| Alma mater | Harvard University |
| Occupation | Industrial Entrepreneur |
| Employer | Carbon Holdings |
Basil El-Baz is an Egyptian industrialist, entrepreneur and business executive serving as chairman and chief executive officer of Carbon Holdings, a mid-to-downstream oil and gas development company. [1]
While studying government and economics at Harvard University, El-Baz developed the concept for building an ammonia plant in Egypt, which ultimately became Egypt Basic Industries Corporation (EBIC). He submitted a feasibility study on this concept and was awarded a grant by the United States Trade and Development Agency to conduct further studies. [2]
El-Baz has developed and financed two major industrial greenfield projects in Egypt, Egypt Basic Industries Corporation (EBIC) and Egypt Hydrocarbon Corporation (EHC). EBIC is the only project to receive a comprehensive loan guarantee from the Export – Import Bank of the United States. Furthermore, EBIC is one of a select number of projects in Egypt to be financed entirely by consortium of international banks. The project had an approximate value of US$650 million at closing. [3] EBIC is the 6th largest global exporter of ammonia.[ citation needed ] EBIC was eventually sold to Orascom Construction Industries. [4]
Carbon Holdings’ second project, Egypt Hydrocarbon Corporation (EHC), with a transaction value of approximately US$550 million is considered as the first major industrial project to close in post-revolution Egypt. [5] [6] Construction of the second project commenced in August 2011.[ citation needed ]
Carbon Holdings is developing the approximate of US$11 billion Naphtha Cracker and Polyethylene Complex project named Tahrir Petrochemicals Corporation (TPC). [7] Originally the project was expected to be completed in 2017, but was delayed for different reasons. The work has started in July 2019. [8]
Onsi Sawiris was an Egyptian businessman. He was the head of the Sawiris family and founder of the Orascom Group conglomerate.
Coal liquefaction is a process of converting coal into liquid hydrocarbons: liquid fuels and petrochemicals. This process is often known as "Coal to X" or "Carbon to X", where X can be many different hydrocarbon-based products. However, the most common process chain is "Coal to Liquid Fuels" (CTL).
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Orascom Construction PLC is an engineering, procurement and construction (EPC) contractor based in Cairo, Egypt. The company was Egypt's first multinational corporation and stands at the core of the Orascom Group companies. OC is active in more than 25 countries.
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