IHS Chemical Week

US Bank approves loan for plant in Iraq

11:53 AM MST | November 14, 2012

The Export-Import Bank of the United States (Ex-Im Bank; Washington) has agreed to guarantee a J.P. Morgan Chase loan of $35 million to Devco International (Tulsa, OK) for the design of a sulfur-purification plant to be located at Mosul, Iraq. The facility will be owned by Al Mishraq Sulfur (Baghdad). Devco, a chemical engineering firm that designs sulfur-handling equipment, will use a modular concept to design, procure, fabricate, and preassemble the plant in the United States and ship the plant in modular form to Iraq. Al Hawarth (Baghdad), an engineering...

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