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Basil El-Baz
Chairman & Chief Executive Officer
Carbon Holdings
 

Basil El-Baz is the Chairman & Chief Executive Officer of Carbon Holdings. He has effectively 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 to be financed entirely by consortium of international banks. The project has an approximate value of US$650 million. Carbon Holdings’ second project, EHC, with a transaction value of approximately US$500 million is widely considered as the first major industrial project to close in postrevolution Egypt. Construction of the second project commenced in August 2011 with commercial operation scheduled to commence during the first half of 2014. In December 2012, Carbon Holdings concluded its US$114 million acquistion of the Oriental Petrochemicals Company. Since concluding the acquisition, Carbon Holdings has succesfully restructured the company and its production of 180,000 metric tons per annum of polypropylene is scheduled to recommence during the third quarter of 2013. Most importantly, Carbon Holdings is developing a US$4.84 billion Naphtha Cracker and Polyethylene Complex project that is currently in an advanced stage of financing. The project is being financed entirely by the Export – Import Bank of the United States and the Export – Import Bank of Korea. Mr. El-Baz is a graduate of Harvard University.

EUSBC Secretariat at AmCham Egypt
33 Soliman Abaza Street, Dokki, Cairo, Egypt
Email: eusbcoffice@amcham.org.eg
Tel: (20-2) 3338-1050-Fax: (20-2) 3338-1060