SAMAC MMA/PMMA Alpha 2 plant

Overview:

• SAMAC MMA/PMMA Alpha 2 plant
• The Saudi Arabian Methacrylates Company (SAMAC) has taken out $840 million in new financing.
• The funds will be used to finance a methyl methacrylate (MMA) and polymethyl methacrylate (PMMA) plant (Alpha 2).
• The financing consisted of four tranches. A $245 million loan from Japan Bank for International Cooperation (JBIC); a $245 million loan from JBIC; a $175 million loan from BTMU, MUTB, SMBC and Mizuho Bank; and a $175 million loan  from BTMU, MUTB, Mizuho Bank, The Norinchukin Bank and Sumitomo Mitsui Trust Bank.
• SAMAC is a joint venture equally owned by Mitsubishi Rayon (MRC) and Sabic

Sam Duke - Editor