Egyptian private firm Carbon Holdings has awarded US engineering services firm Bechtel two contracts for its Tahrir Petrochemicals project at Ain Sukhna, the port at the southern, Gulf of Suez, end of the Suez Canal. One contract is to provide project management services for the complex and one for construction of two polypropylene units.

Tahrir is expected to cost $7.4bn to develop. It will process 4mn t/y of imported naphtha in a cracker with capacity to deliver 1.5mn t/y of ethylene and...