Basil El-Baz

Chairman & CEO
Carbon Holdings

Basil El-Baz is the Chairman & Chief Executive Officer of Carbon Holdings. He is a graduate of Harvard University where he studied Economics and Government with a focus on Industrial Economics. El-Baz 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. In December 2012, Carbon Holdings concluded its US$114 million acquisition of the Egyptian polypropylene producer, Oriental Petrochemicals Company (“OPC”). This acquisition has been an enormous success. Currently, Carbon Holdings is developing the US$10 billion Naphtha Cracker, Polyethylene and Polypropylene complex project referred to as Tahrir Petrochemicals Project which is currently in an advanced stage of financing. The Tahrir Petrochemicals 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).

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