Basil El-Baz

Basil El-Baz is the Chairman and CEO of Carbon Holdings, a mid-to-downstream O&G development company, with over 20 years’ experience in the petrochemical industry. He graduated from Harvard University where he studied economics and government with a focus on industrial economics. He has developed and financed two major industrial greenfield projects in Egypt; First being Egypt Basic Industries Corporation (EBIC) which represents and still is the only project to receive a comprehensive loan guarantee from the Export-Import Bank of the United States. Second being, Egypt Hydrocarbon Corporation (EHC), with a transaction value of approximately US$550 million. EHC 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). After a technical and commercial restructuring OPC re-commenced commercial operations in the fourth quarter of 2015.  Most importantly, Carbon Holdings is developing the circa US$10.8 billion Naphtha Cracker and Polyethylene Complex project named Tahrir Petrochemicals Corporation (TPC) 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), the United Kingdom Export Finance (‘UKEF”), Overseas Private Investment Corporation of the United States (OPIC), Euler Hermes of Germany and Export Development Canada (EDC).