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Basil El Baz

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Nationality
  
Egyptian

Alma mater
  
Harvard University

Name
  
Basil El-Baz

Employer
  
Carbon Holdings

Education
  
Government


Basil El-Baz ElBaz on Free Trade ExIm at Africa SummitAmerican

Occupation
  
Industrial Entrepreneur

Roundtable with Basil el Baz


Basil El-Baz is an Egyptian industrialist, entrepreneur and business executive serving as Chairman and Chief Executive Officer of Carbon Holdings, a mid-to-downstream oil and gas development company.

Contents

Basil El-Baz ElBaz on Free Trade ExIm at Africa SummitAmerican

CNBC Arabia interview with Basil El Baz, Chairman of Carbon Holdings during GE Customer's Day Event


Background

Basil El-Baz wwwamchamorgegcyberlinkeventsvideosimagesBa

While studying government and economics at Harvard University, El-Baz developed the concept for building an ammonia plant in Egypt, which ultimately became Egypt Basic Industries Corporation (EBIC). He submitted a feasibility study on this concept and was awarded a grant by the United States Trade and Development Agency to conduct further studies.

Basil El-Baz Basil ElBaz Wikipedia the free encyclopedia

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 consortium of international banks. The project had an approximate value of US$650 million at closing. EBIC proved to be successful and today is the 6th largest global exporter of ammonia. EBIC was eventually sold to Orascom Construction Industries.

Basil El-Baz Construction of 7 billion naphtha cracker to start soon

Carbon Holdings’ second project, Egypt Hydrocarbon Corporation (EHC), with a transaction value of approximately US$550 million is considered as the first major industrial project to close in post-revolution Egypt. Construction of the second project commenced in August 2011 with commercial operation scheduled to commence during the first quarter of 2017.

Basil El-Baz USAEgypt Investment Climate and Entrepreneurship YouTube

In December 2012, Carbon Holdings concluded its US$114 million acquisition of the Egyptian polypropylene producer, Oriental Petrochemicals Company (OPC), which had been shut down since 2011. After a technical and commercial restructuring, OPC re-commenced commercial operations in the fourth quarter of 2015.

Carbon Holdings is developing the approximate of US$10 billion Naphtha Cracker and Polyethylene Complex project named Tahrir Petrochemicals Corporation (TPC). It is anticipated that the project will be financed entirely by the Export – Import Bank of the United States (US EXIM), the UK Export Finance (UKEF)and Overseas Private Investment Corporation of the United States (OPIC).

Awards

  • Basil El-Baz was awarded Africa Entrepreneur of the Year 2016. He is the first Egyptian entrepreneur to receive such an honor. The award was announced at the Africa-France Economic Forum at the 27th Africa-France Summit held in Bamako, Mali on 13 January 2017. The Business Africa Entrepreneur Awards, in connection with Business Africa, and in partnership with MEDEF (Mouvement Des Enterprise De France) and Institut Choiseul.
  • Ranked by Institut Choiseul as the 12th in their annual top 100 African business leaders in 2016, which identifies and ranks the young African business economic leaders aged 40 years old and below. The study by Choiseul intends to highlight those women and men who build today’s Africa and prepare the one of tomorrow.
  • Ranked by Institut Choiseul as the 12th in their annual top 100 African business leaders in 2015, which identifies and ranks the young African business economic leaders aged 40 years old and below. The study by Choiseul intends to highlight those women and men who build today’s Africa and prepare the one of tomorrow.

    • Appointments and Memberships

    Presidential Appointments by the President of the Arab Republic of Egypt:

  • Member of the board of trustees for the “Tahya Misr” (Long Live Egypt) Fund / 2014–present

    • Appointed as a member by the Minister of Investment of the Arab Republic of Egypt to:

  • The National Committee for Managing State Assets / 2014–present

    • Appointed as a member by the Minister of Trade and Industry of the Arab Republic of Egypt of the following business councils:

    1. US - Egypt Business Council: 2009 - 2011 / 2012–present
    2. Italian - Egyptian Business Council: 2012–present
    3. Egypt - UAE Business Council: 2015-present
    4. Egypt - Korea Business Council: 2015-present
    5. Egypt - Saudi Arabia Business Council: 2012 - 2013

    Other appointments & chairmanships:

  • Co-chair - Energy Committee - American Chamber of Commerce in Egypt (AmCham)
  • Member - Energy Committee - Federation of Egyptian Industries
  • Chairman and chief executive officer of Egypt Basic Industries Corporation (EBIC) 1998 - 2012
  • Chairman and chief executive officer of Egypt Hydrocarbon Corporation (EHC)
  • Chairman and chief executive officer of Tahrir Petrochemical Corporation (TPC)
  • Chairman Oriental Petrochemicals Company (OPC)

    • References

    Basil El-Baz Wikipedia
    (Text) CC BY-SA