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World News and Views :: Projects

Sibur and SolVin Sign Project Financing Agreement for RusVinyl

4:41 AM MDT | June 17, 2011 | Natasha Alperowicz

Sibur and its joint venture partner SolVin, owned 75% by Solvay and 25% by BASF, have completed a €750-million ($1.068 billion) project financing agreement to construct a previously announced integrated polyvinyl chloride (PVC) complex by RusVinyl, their equally owned joint venture at Kstovo, Nizhnii Novgorod region, Russia. The 12.5-year financing has been provided to RusVinyl by a group of leading global financial institutions including HSBC, ING Bank, BNP Paribas, Sberbank and The European Bank for Reconstruction and Development (EBRD).    The...

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