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Sharq Ethylene Glycol (EG) Plant

Plant Owner

Sharq, Eastman Petrochemical Company

Partners

Saudi Basic Industries Corporation (Sabic) and the Saudi Petrochemical Development Company (SPDC, a Japanese consortium led by Mitsubishi Corporation)

Plant Location

Al-Jubail industrial City, Saudi Arabia

Products

Ethylene glycol, Linera low density polyethylene, high density polyethylene

Plant start-up

1985, expansions in 1993, 2001, 2005

Financial

Jexim funding. Jexim provided up to $750m of the project cost in direct loans. The remaining $125m was raised by a group of commercial banks on a club basis. The participating banks were Riyadh Bank ($45m), Industrial Bank of Japan ($40m)

Al Bank Al Saudi Al Fransi ($30m) and BTM ($10m)

Feedstock

Petrokemya

Contractor

Samsung (2005), Chiyoda Corporation, Mitsubishi Heavy Industries Ltd (MHI)

Output

An additional 700,000t/y of EG and 2.8 million tonnes of LLDPE and HDPE as well as ethylene
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