UAE (May 12, 2014) - Drake & Scull International has recently signed an agreement with Egypt-based company Carbon Holdings as part of the Tahrir Petrochemical Corporation (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 comprising Maire Tecnimont S.p.A. and Ventures and Archirodon Group.
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 is aiming to commence construction of its $5 billion-plus TPC Project in 2015.
Once complete, the project will comprise a 4-million-ton-a-year (t/y) naphtha cracker and related downstream facilities with the capacity to produce 1.4 million t/y polyethylene, 900,000 t/y propylene, 250,000 t/y butadiene, 350,000 t/y benzene and 100,000 t/y hexene-1.
Drake & Scull International PJSC (DSI) is a regional market leader delivering world class quality projects via end to end solutions that provide integrated design, engineering and construction disciplines of general contracting, mechanical, electrical and plumbing (MEP), water and power, rail and oil and gas, through people, innovation and passion.