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Basil El Baz

Chairman & CEO
Carbon Holdings

Basil El-Baz is the Chairman & Chief Executive Officer of Carbon Holdings. With over 20 years of experince in the industry, 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 circa US$10 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 (US EXIM), United Kingdom Export Finance (UKEF) and the Overseas Private Investment Corporation of the United States (OPIC).

Mr. El-Baz has been appointed as a director on several boards and business councils most notably, by Presidential appointment, he is a Trustee of the Tahya Masr Fund, a director of the Tahya Masr Holding Company. Mr El-Baz has also been appointed to and is a member of the US – Egypt Business Council, Italian – Egyptian Business Council, UAE –Egypt Business Council and Egypt – Korea Business Council.

Mr. 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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