Uhde wins EDC supply contract

12 July 2005
Liwa Petrochemical Company, the project company for the planned ethylene dichloride (EDC) and caustic soda plant at Sohar, has signed a $300 million technology and equipment supply agreement with Germany's Uhde. The planned plant will have capacity of 300,000 tonnes a year (t/y) of EDC and 240,000 t/y of caustic soda. The shareholders are Oman Oil Company (OOC), South Korea's LG Internationaland Iran's National Petrochemical Company. HSBC is acting as financial adviser and Allen & Overyas legal adviser. The debt package for the project is now expected to follow that of the recently announced Sohar aromatics project, which is also being led by OOC and has the same advisory team (MEED 22:4:05).
Liwa Petrochemical Company, the project company for the planned ethylene dichloride (EDC) and caustic soda plant at Sohar, has signed a technology and equipment supply agreement, worth about $23 million, with Germany?s Uhde. The planned plant will have capacity of 300,000 tonnes a year (t/y) of EDC and 240,000 t/y of caustic soda. The shareholders are Oman Oil Company (OOC), South Korea?s LG Internationaland Iran?s National Petrochemical Company. HSBC is acting as financial adviser and Allen & Overyas legal adviser. The debt package for the project is now expected to follow that of the recently announced Sohar aromatics project, which is also being led by OOC and has the same advisory team (MEED 22:4:05).

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