Amur Gas Chemical Complex (SIBUR) - Euler Hermes/SACE Covered Loan

Borrower (s)

Amur GCC LLC

Industry

Chemicals/Petrochemicals/Chemicals/Petrochemicals

Area of finance

Project & Infrastructure Finance

Region

Russia CIS

Countries

Russian Federation

Deal Overview

Euler Hermes is covering a loan for Amur GCC, a joint venture between SIBUR and Sinopec. Proceeds will be used for construction of Amur Gas Chemical Complex (GCC), the project set to house one of the world's largest and most advanced polymer production facilities. The Amur GCC project...

The Amur GCC project will include installation of a combined polyethylene and polypropylene facility with the total production capacity of 2.7 MTPA – the feedstock of the project is to be sourced by Gazprom Amur Gas Processing Plant (GPP).

The Amur GCC will receive ethane and LPG for further processing into high value-added products. Completion of the construction and commissioning works is set for 2024-2025.

show less

Deal Volume

$8.99bn

Financial Close

01 December 2021

Sources

Submitted by participant(s), Proximo article, Proximo article, Proximo article, Proximo article

TAG YOURSELF SUGGEST AN EDIT