A financial advisory mandate by the Al Kayan Petrochemical Company has been awarded to a bank consortium comprising Arab Banking Corporation (ABC), BNP Paribas and SAMBA Financial Group. This marks the second financing phase of the project originally sponsored and developed by the Saudi-based Project Management Development Company (PMD) and follows the successful completion of the first phase strategic and financial advisory assignment undertaken by ABC.
Kayan, the largest single private sector petrochem project in Saudi Arabia, is developing a world scale petrochemical complex in Al Jubail, to produce 1.35 mln tpa of ethylene and 2.6 mln tpa of polyethylene, polypropylene, ethylene glycol, polycarbonates and amines. Feedstock of ethane and mixed butanes for the project is to be allocated by Saudi Aramco for the project in late 2003. This is to be the first plant in the Middle East producing polycarbonates.
20-Feb-06 
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