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World News and Views :: Projects

GE to provide technologies, financing for world-scale naphtha cracker project in Egypt (update)

5:00 AM MST | November 19, 2013 | Francinia Protti-Alvarez

(includes more details of the agreement and the petrochemical complex's capacity) General Electric (GE) and Carbon  Holdings (Cairo) have signed a $500-million agreement, under which GE will provide technology and equity support for a world-scale petrochemical complex at Ain Sokhna, Egypt, GE announced on 18 November. GE will provide equity financing and advanced technologies to the planned Tahrir Petrochemicals complex. Technologies to be provided include advanced aero-derivatives gas turbines, steam turbines, generators, water filtration and desalination...

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