Date: 9 months ago   Category: Energy

Sibur will attract the loan for $300 million in the New Development Bank — Rambler News Service


The board of directors of the New Development Bank has approved granting the credit to Sibur for $300 million, it is said in the statement of credit institution. The purpose of financing is implementation of the project ZapSibNeftekhim. "The board of directors has approved not sovereign credit of $300 million for PJSC SIBUR Holding for development of the eco-friendly infrastructure connected with the project ZapSibNeftekhim. The New Development Bank will provide financing, including reimbursement for construction of treatment facilities, municipal, transport and logistic infrastructure" — it is said in the statement. In May of the current year the Ministry of Finance of the Russian Federation reported that the New Development Bank has received applications for financing of construction of the Amur gas processing plant (GPP) and ZapSibNeftekhim. The project ZapSibNeftekhim provides building in Tobolsk of installation of pyrolysis with a power of 1,5 million tons of ethylene a year, 500 thousand tons of polypropylene a year and also installations on production of 1,5 million tons of polyethylene a year. Estimated expiration date of construction — 2019.

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