Satorp’s Amiral expansion project represents the physical integration of a chemical complex with the company’s existing refinery to create one of the world’s largest refining-to-chemicals operations.
The project secured a $6.9 billion layered non-recourse package, comprising three export-credit agency facilities, complemented by two commercial tranches (one conventional, one Islamic) and a dedicated slice from the Saudi Industrial Development Fund.
These funds enable construction of a mixed-feed cracker designed to handle varied low-cost feedstocks while turning out 1.65
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