Basil El Baz
Chairman & CEO
Basil El-Baz is the Chairman & Chief Executive Officer of Carbon Holdings. He has developed and financed two major industrial greenfield projects in Egypt; Egypt Basic Industries Corporation (“EBIC”) and Egypt Hydrocarbon Corporation (“EHC”). EBIC represents and still 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 a consortium of international banks. The project had an approximate value of US$650 million. Carbon Holdings’ second project, EHC, with a transaction value of approximately US$550 million is widely considered as the first major industrial project to close in post-revolution Egypt. Construction of the second project commenced in September 2011 and concluded in December 2014. In December 2012, Carbon Holdings concluded its US$114 million acquistion of the Egyptian polypropylene producer, Oriental Petrochemicals Company (“OPC”). Most importantly, Carbon Holdings is developing the US$7 billion Naphtha Cracker and Polyethylene Complex project named Tahrir Petrochemicals that is currently in an advanced stage of financing. The project is being financed by the Export – Import Bank of the United States, the Export – Import Bank of Korea, the Korea Trade Insurance Corporation, the Italian export credit agency, SACE and the Overseas Private Investment Corporation of the United States (OPIC). El-Baz is a graduate of Harvard University.
Basil El Baz will be speaking at:
2016/02/23 10:10 - 00:00
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