China Development Bank provides $409 million loan for Methanol and Ammonia Complex Project in National Industrial Petrochemical Technopark Special Economic Zone
Commitment amount
$ 471306306.22157824
Adjusted commitment amount
$ 471306306.22
Constant 2021 USD
Summary
Funding agency [Type]
China Development Bank (CDB) [State-owned Policy Bank]
Recipient
Kazakhstan
Sector
Industry, mining, construction (Code: 320)
Flow type
Loan
Level of public liability
Other public sector debt
Infrastructure
Yes
Category
Project lifecycle
Geography
Description
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.
Additional details
1. More research is needed to determine if and when this project was implemented.
Number of official sources
6
Number of total sources
9
Details
Cofinanced
No
Direct receiving agencies [Type]
United Chemical Company LLP (UCC) [Joint Venture/Special Purpose Vehicle]
Implementing agencies [Type]
China National Chemical Engineering Corporation (CNCEC) [State-owned Company]