[Federal Register Volume 77, Number 96 (Thursday, May 17, 2012)]
[Notices]
[Pages 29344-29345]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-11953]


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EXPORT-IMPORT BANK OF THE UNITED STATES


Economic Impact Policy

    This notice is to inform the public that the Export-Import Bank of 
the United States has received an application for a $4.3 billion direct 
loan to support the export of approximately $3.3 billion in U.S. 
equipment and services to establish a new petrochemical facility in 
Saudi Arabia.
    The U.S. exports will enable the facility to produce approximately: 
750,000 metric tons of linear low density polyethylene (LLDPE); 350,000 
metric tons of linear density polyethylene (LDPE); 250,000 metric tons 
of elastomers; 200,000 metric tons of glycol ethers; 70,000 metric tons 
of propylene glycol (MPG); 208,000 metric tons of ethanolamines and 
ethyleneamines; 400,000 metric tons of polyether polyols; 200,000 
metric tons of toluene diisocyanate (TDI); and 400,000 metric tons of 
polymeric methyl diphenyl diisocyanate (PMDI). Initial production at 
this facility is expected to be phased in from 2016 to 2018.
    Available information indicates the Saudi petrochemical producer 
plans to sell its products as follows: The majority of LDPE, LLDPE and 
glycol ethers will be sold primarily in the Asia-Pacific market, and 
the balance will be sold in the Europe, Middle East and Africa

[[Page 29345]]

markets; the majority of elastomers, TDI, PMDI, and polyether polyols 
will be sold primarily in Asia-Pacific, Europe, Middle East and Africa 
markets and minority will be sold in the North and Latin America; 
approximately equal volumes of MPG will be sold primarily in Asia-
Pacific, Europe, Middle East and Africa markets; and approximately 
equal volumes of ethanolamines and ethyleneamines will be sold 
globally.
    Interested parties may submit comments on this transaction by email 
to [email protected] or by mail to 811 Vermont Avenue NW., Room 
947, Washington, DC 20571, within 14 days of the date this notice 
appears in the Federal Register.

Angela Mariana Freyre,
Senior Vice President and General Counsel.
[FR Doc. 2012-11953 Filed 5-16-12; 8:45 am]
BILLING CODE 6690-01-P