News
27 January 2026

Tasnee JV inks $453m loan for ethylene cracker plant

In:
Chemicals/Petrochemicals
Region:
Middle East & Africa

National Industrialisation Company (Tasnee) said its 60%-owned joint venture has secured a Shariah-compliant long-term financing worth SAR1.7 billion ($453.34 million) to fund its ethylene cracker plant.The loan was obtained by Saudi Ethylene & Polyethylene Company (SEPC) from Bank Albilad. The...

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