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Markets :: Basic Chemicals :: Petrochemicals :: Ethylene dichloride
Sahara and Ma'aden Ink Loan Agreement for EDC-Caustic Soda Project
8:38 AM MDT | May 1, 2012 | Natasha Alperowicz
Sahara & Ma’aden Petrochemical Co., (Samapco; Riyadh), an equally owned joint venture between Sahara Petrochemicals and Saudi Arabian Mining Co. (Ma’aden), has signed a loan agreement with three Saudi banks to cover part of the costs of construction of a previously announced $750-million ethylene di-chloride (EDC) and chlor-alkali complex at Jubail, Saudi Arabia. Three Saudi banks, the Saudi British Bank, Banque Saudi Fransi, and Riyadh Bank are providing a combined loan of SR1.882 billion ($502 million) toward the project with...
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