NATPET inks US$125 mln loan agreement for 400,000 tpa propylene and PP complex

08-Jul-08
National Petrochemical Industrial Company (NATPET) has inked a loan agreement with Public Investments Fund with US$125 million to finance the company's Propylene and Polypropylene complex in Yanbu Industrial city. The 400,000 tpa complex is 57% owned by Alujain Corporation. NATPET is the premier company not only in Saudi Arabia, but in the region to use Spheripol technology to produce Polypropylene from LyondellBasell.
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