ANNOUNCEMENT 31 Oct 2015

In October 2015, the German Export Crediting Agency announced its support of an export project concerning planning and delivery of a hydrogen plant linked to the extension of a refinery in Russia.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 31 Oct 2015 | Removal date: open ended

Trade finance

The export loan was announced in October 2015 and finances planning and delivery of a hydrogen plant linked to the extension of a refinery ('Planung und Lieferung einer Wasserstoffanlage im Zusammenhang mit der Erweiterung eines Raffineriekomplexes') in Russia. The benefitting German exporter is Linde AG, Pullach.

The German Eximbank only publishes value ranges for the projects it finances. The present project is in category 3. This cagegory includes projects with a financing value between 51 and 100 million EUR. The GTA assumes the lower bound amount of the respective category, in this case 51 million EUR (56 million USD), as the conservative estimate of the project value.

The maturity of the loan will be 8 years. The financing institution is Raiffeisen Bank International AG, Wien.

AFFECTED SECTORS

 

AFFECTED PRODUCTS

 
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