CAIRO, EGYPT, Nov. 18, 2013 -- Through a $500 million signed technology cooperation agreement, GE Water & Process Technologies and Carbon Holdings has partnered to provide an all-encompassing water desalination plant to Egypt's largest petrochemical facility.
The agreement will support the greenfield naphtha cracker and olefins complex project of the Tahrir Petrochemicals plant in Ain Sokhna, Egypt, and will equip the facility with five of GE's advanced ultrafiltration and reverse osmosis technologies.
As part of the partnership, GE will provide equity financing and advanced technologies to the new petrochemicals complex. This is part of an integrated package of solutions to meet the needs of the country. The technologies to be provided for the new plant include advanced aero-derivatives gas turbines, steam turbines, generators, water filtration and desalination equipment, turbo machinery compressors, and industrial solutions services.
The new plant has the potential to drive overall growth of the Egyptian economy with its products having a strong impact on the construction and manufacturing sectors -- two key contributors to the national economy. In addition to direct jobs at the plant, the local availability of the plant's products will also contribute to energizing ancillary industries, thus creating thousands of indirect jobs. With a capacity of 1,360,000 tons per annum of ethylene and polyethylene, as well as significant quantities of propylene, benzene, butadiene, and linear alpha olefins, the plant is billed as the world's largest naphtha liquid cracker.
Featuring a power, water desalination and water treatment plant, the complex will employ a combined cycle power plant to generate 300 MW of power. The full-fledged water desalination plant, featuring GE's proprietary ultrafiltration and reverse osmosis technology, has a generation capacity of 3,800 cubic meters per hour.
With an office in Cairo, GE has over 400 employees in Egypt. GE's advanced gas turbines help generate more than 7 gigawatts of electricity, nearly 30 percent of the country's total installed capacity. Through its projects, GE provides advanced power generation technology and services including maintenance and operations, parts and repair services, and contractual services agreements for partners including Egyptian Liquefied Natural Gas.
About Carbon Holdings
Carbon Holdings is an industrial developer and operator implementing downstream oil and gas projects in Egypt. In addition to the Naphtha Cracker and Olefins Complex project, Carbon Holdings projects also include a greenfield Mining Grade Ammonium Nitrate project that is currently under construction and a greenfield refinery project.