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Tuesday, December 1 - 2009

National Petrochem gets loan approval

  • Saudi Arabia: Sunday, July 26 - 2009 at 11:10

Saudi Alujain has announced its subsidiary, National Petrochemical Company (Natpet), has received the Saudi Public Investment Fund's (PIF) approval to get an additional $75m financial loan aimed at financing its propylene and polypropylene complex located in Yanbu, on the western coast of the Kingdom, the Saudi Gazette has reported. The loan will be used to finance the additional charges arising from the delay of the construction of the propylene plant which is the feedstock of the polypropylene plant.

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