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.

EBIC 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.

[citation needed] EBIC was eventually sold to Orascom Construction Industries.

[citation needed] Carbon Holdings is developing the approximate of US$11 billion Naphtha Cracker and Polyethylene Complex project named Tahrir Petrochemicals Corporation (TPC).