Middle East Economic Survey
VOL. XLVII
No 33
16-August-2004
ENERGY FINANCE
Financing For ELAB Agreed
Egyptian Linear Alkyl Benzene (ELAB) and al-Ahli Egyptian Bank on 9 August signed an agreement under which the latter has arranged $130mn of finance for the development of the new plant in Alexandria to produce 80,000 t/y of LAB, which is used as the basic material for producing detergents (MEES, 19 July). The $196mn plant will use 263,000 t/y of kerosene and 27,000 t/y of benzene feedstock mainly...
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