Overview

China Development Bank provides $409 million loan for Methanol and Ammonia Complex Project in National Industrial Petrochemical Technopark Special Economic Zone

Commitments (Constant USD, 2023)$435,227,690

Commitment Year•2017Country of Activity•KazakhstanDirect Recipient Country of Incorporation•KazakhstanSector•Industry, Mining, ConstructionFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jun 8, 2017

Geospatial footprint

Map overview

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More detailed locational information can be found at https://ucc.com.kz/en/uncategorized-en/press-release-eia-public-hearing-environmental-impact-assessment/ and https://www.openstreetmap.org/node/6895973886#map=14/43.4836/73.6137

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Policy Banks

China Development Bank (CDB)

Receiving agencies

Joint Venture/Special Purpose Vehicles

United Chemical Company LLP (UCC)

Implementing agencies

State-owned companies

China National Chemical Engineering Corporation (CNCEC)

Loan description

China Development Bank provides $409 million loan for Methanol and Ammonia Complex Project in National Industrial Petrochemical Technopark Special Economic Zone

Interest type•Unknown

Narrative

Full Description

Project narrative

On June 8, 2017, China Development Bank (CDB) signed a $409 million loan agreement with the United Chemical Company LLP -- a special purpose vehicle and subsidiary of JSC National Welfare Fund Samruk-Kazyna JSC -- for the production of methanol and ammonia in the National Industrial Petrochemical Technopark Special Economic Zone (SEZ) in the Atyrau Region. The borrowing terms of the loan are unknown. The purpose of the project is to construct a methanol and ammonia complex located in the National Industrial Petrochemical Technopark Special Economic Zone (SEZ NIPT), which is 33 km to the northeast of the city of Atyrau, and 8-9 kilometers north of Karabatan.

Staff comments

1. More research is needed to determine if and when this project was implemented.