SIDPEC propylene factory to be 70% financed through debt from Egypt banks

Sidi Kerir Petrochemicals’ (SIDPEC) new propylene and polypropylene plant in Alexandria will have a 70:30 debt-to-equity ratio, the company said in a EGX release (pdf). We reported last October that SIDPEC is in talks with local banks to arrange a USD 1.2 bn loan for the facility.