Middle East Economic Survey

VOL. LII

No 7

16-Feb-2009

UAE

Abu Dhabi Hydrogen/CO2Project Financing Faces Delays

Project financing for the Abu Dhabi hydrogen/CO2 venture the first industrial scale plant of its kind in the world is now facing delays due to a hold up in completion of the commercial arrangements, MEES learns. When it was announced in January last year an early 2009 approach to lenders was anticipated, but until the structure is completed, the necessary covenants to allow project...