The EB plant will supply feedstock to a 600,000-t/y styrene monomer unit, which is under construction by Italy's Snamprogettiin partnership with the local Sazeh Consultants. The Italian/local team signed up for the project in September 2001. HSBCearlier this year extended a $108 million export credit facility for the styrene monomer plant to NPC. The facility is guaranteed by the UK's Export Credits Guarantee Department (ECGD - MEED 31:1:03).
Both projects are part of NPC's olefins 9 complex, which will also produce medium-density and high-density polyethylene (MD/HDPE) and low-density polyethylene (LDPE) among other projects.
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