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Wednesday, May 14, 2014
Drake & Scull International (DSI) signed an agreement with Egypt-based company Carbon Holdings as part of the Tahrir Petrochemical Corp. (TPC) project development located at the entrance of the Suez Canal in Ain Sokhna, Egypt.
Under the terms of the agreement DSI will exclusively join the international consortium of companies comprised of Maire Tecnimont S.p.A and Archirodon Group to collaboratively undertake the EPCC activities related to the utilities and offsite facilities of the project.
The scope of work for DSI will encompass the complete OSBL construction works and civil works, including storage facilities and ancillary buildings for an approximate contract value of AED 2.2 billion.
Egypt’s Carbon Holdings hopes to begin construction of the $5 billion-plus TPC Project in 2015.
Once complete, the project will comprise a 4 million tpa naphtha cracker and related downstream facilities with the capacity to produce 1.4 million tpa of polyethylene, 900,000 tpa of propylene, 250,000 tpa butadiene, 350,000 tpa of benzene, and 100,000 tpa of hexene-1.
Commenting on the award, Khaldoun Tabari, CEO of Drake & Scull International, said: “DSI is pleased to be part of this international consortium delivering this vital project which will transform Egypt’s petrochemical sector. Egypt is our key market in North Africa and the project will enable us to further strengthen our position in the country where we already have a significant presence across the Oil & Gas, Waste Water and Water treatment and Hospitality sectors.”
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