Sadara secures SAR 865 mln loan from SIDF

15/06/2015 Argaam

Sadara Basic Services— which is 100 percent indirectly owned by Sadara Chemical Co. — inked a mortgage contract with the Saudi Industrial Development Fund (SIDF) to obtain a SAR 865 million loan for Saudi Butanol Co. (SaBuCo). 

 

Sadara granted SIDF a pledge over the butanol plant assets, which are estimated at nearly SAR 1.9 billion ($505 million), the company said in a bourse statement on Monday.

 

SaBuCo, set to be the world's largest butanol plant, is a joint venture between Kayan Petrochemical Co. (Saudi Kayan), Sadara, and Saudi Acrylic Acid Co. (SAAC).

 

Butanol will be supplied as raw feedstock for Sadara Chemical’s complex in Saudi Arabia’s Jubail Industrial City II.

 

Butanol JV

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read