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Sahara Petrochemicals Gets a Loan for CA-EDC Project

Source: www.gulfoilandgas.com 11/30/2010, Location: Middle East

Sahara Petrochemicals Company declares that SIDF has approved its loan request of SR nine hundred (900) million to finance its CA-EDC project. This is considered a major milestone towards the completeion of the project.

The caustic soda and ethylene dichloride is a 50-50 joint-venture between Sahara and Saudi Arabian Mining Company (Ma’aden) using German UHDE technology. The project will be completed in the fourth quarter of 2012, God Willing.

The production capacity of the project will be 250000 TPA of caustic soda and 300000 TPA of ethylene dichloride. The project will provide approximately 200 job opportunities but will increase accordingly with the gradual expansion of the company's projects.

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Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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