Egypt's largest petrochemical plant will soon be automated, thanks to a new $150 million partnership between Emerson Process Management and Carbon Holdings.
Emerson will provide technology and services to help automate Tahrir Petrochemicals Project in Ain Sokhna, Egypt. The services are part of a much larger, $6.9 billion project, financed by export banking agencies from the U.S., Korea, Italy and the Overseas Private Investment Corporation, as well as private investors.
Project organizers expect the investment to pay off in the plant's capacity to produce 1.5 million metric tons per year of ethylene, in addition to propylene, polypropylene, hexene, butadiene, benzene and styrene. The plant will also be the world's largest naptha cracker plant.
“We are excited to help Carbon Holdings realize its vision of creating a world-class petrochemical complex that can be a catalyst for economic development in Egypt,” Emerson Chairman and CEO David Farr said. “With Emerson’s technologies, experience and expertise, Carbon Holdings has positioned itself for top quartile performance -- not only in project execution, but ongoing operations as well.”
In addition to automation help, Emerson will provide design services, consulting services, equipment health monitoring and a local support center.
Emerson is a publicly traded company based in St. Louis, Missouri. It specializes in process management, industrial automation, network power, climate technologies and commercial and residential solutions. The company's 2015 sales topped $22 billion.