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

$409M USD

Funder	China Development Bank (CDB)
Recipient Organization	United Chemical Company LLP (UCC)
Country	Kazakhstan
Start Date	Jun 08, 2017
End Date	Dec 14, 2026
Duration	3,476 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`55029`

Grant Description

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

📋 Loan / Grant Terms

💰 Loan Amountare 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.

📚 Sources & References

Kazakhstan-China Business Council starts in Kazakhstan
Astana hosts fourth meeting of Kazakhstan-China Business Council
Chinese investors will invest $7 billion in Kazakh projects
Investment opportunities of SWF Samruk-Kazyna
Annual report Part I 2017, ГОДОВОЙ ОТЧЕТ 2017 год, 13th National Report On the implementation of the Extractive Industries Transparency Initiative in the Republic of Kazakhstan for 2017
KAZAKH HONEY IS EXPORTED TO CHINA 22 AGREEMENTS WORTH 7 BILLION USD WERE SIGNED BETWEEN RK AND PRC
History of Company Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.