Petrochemicals Plant Automation Emerson To Streamline Tahrir Petrochemicals Project In Egypt
US company lands automation and reliability program contract for Egyptian naphtha cracker plant.
Dubai – Emerson has been contracted by the privately owned Egyptian petrochemical firm, Carbon Holdings, to provide automation and reliability technologies and services for the Tahrir Petrochemicals Project at Ain Sokhna, Egypt. The project will be carried out by the Emerson Process Management business unit with initial expenditures estimated at US $ 150 million.
Under the agreement, Emerson will optimize project scheduling and budgeting, as well as plant design. Emerson will also provide consulting services, equipment monitoring, and a reliability service center for local support and expertise throughout the project.
Upon its completion, the approximately US $ 6.9 billion petrochemicals complex will annually produce 1.5 million tons of ethylene that will then be further processed into polyethylene. Other major products will include propylene, polypropylene, hexene, butadiene, benzene, and styrene.
The Tahrir Petrochemicals complex will be constructed in Egypt’s Suez Special Economic Development Zone. Financing for the mega-project is expected to come from the export credit agencies of the United States, Korea, Italy and the Overseas Private Investment Corporation, as well as direct investors. Emerson has also agreed to make a preferred equity investment in Tahrir Petrochemicals.