07 July 2009 18:01 [Source: ICIS news]
TORONTO (ICIS news)--A German-Austrian banking consortium is providing a €156m ($217m) 10-year loan to help finance a 62,500 tonne/year sodium hypochlorite plant in Moscow, it said on Tuesday.
The facility, with a total investment cost of €195m, was due to start up in 2012 when it would help replace more dangerous chlorine gas used in Moscow’s drinking-water purification, the banks said.
The banking group includes Germany KfW IPEX, UniCredit Bank Austria AG and Raiffeisen Zentralbank Osterreich AG.
KfW IPEX is an affiliate of ?xml:namespace>
($1 = €0.72)
To discuss issues facing the chemical industry go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections