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Sinochem International's 600,000-ton PDH/650,000-ton phenol acetone and other projects signed a 10.3 billion syndicated loan

 Last Update: 2022-08-27
 Source: Internet
 Author: User

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On February 3, Sinochem International, a central chemical company, held the signing ceremony of the syndicated loan for the first phase of the carbon and three industries in Shanghai

Liu Hongsheng, General Manager of Sinochem International, Cheng Xiaoxi, Deputy General Manager of Sinochem International and Chairman of Yangnong Group, Qin Jinke, Chief Financial Officer of Sinochem International, and representatives of various financial institutions attended the signing ceremony

The carbon three project is the key for Sinochem International to open up the entire industrial chain of new materials, build an integrated recycling industry base, and realize industrial transformation and strategic implementation
.

Liu Hongsheng, general manager of Sinochem International, said: "We pursue technology to drive investment, investment to drive high growth, and high growth to drive shareholder returns
.

According to Cheng Xiaoxi, the C3 project is the largest self-built core project of Sinochem International so far.

Bank of China is the lead bank and agent bank for this syndicated loan, and Sinochem Group Finance Co.
, Ltd.
, Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China, China Merchants Bank, and China CITIC Bank are the participating lenders
.
The project financing amount is large and the period is long.
Many banks have formed an internal syndicate in the Yangtze River Delta, and the project has been approved as scheduled and the group has been successfully closed
.

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