GE Signs $500m Deal for Liquid Cracker In Egypt

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By  Ventures Africa

General Electric Company (GE) has signed a $500 million agreement Egyptian private Carbon Holdings to provide construction support for world largest liquid cracker.

Fluid cracking is one of most important conversion processes used petroleum refineries, mostly for converting high-boiling, high-molecular weight hydrocarbon fractions of petroleum crude oils to more valuable gasoline, olefinic gases, and other .

plant an annual production capacity of 1,360,000 tonnes of odourless gas, Ethylene and Polyethylene – a common plastic used majorly for packaging. also produce significant quantities of Propylene, Benzene, Butadiene and Linear Alpha Olefins, Reuters reported.

El-baz, CEO of Carbon Holdings, an -sector-focused industrial developer, noted that project – Naptha Cracker Project – is part of $4.8 billion Tahrir petrochemical complex, construction expected to begin 2014.

The project has a time-frame of 50 months.

GE’s Vice Chairman, John Rice, said GE is keen on greater partnerships Egyptian companies, adding that its commitment to “cuts across all of our businesses”.

Both companies provide technological including advanced aero-derivates gas turbines, steam turbines, generators, filtration and desalination equipment, turbo machinery compressors, as well as equity support during the construction period.