Moscow—The Japan Bank *for International Cooperation(JBIC)has agreed to provide financing to Irkutsk Oil Co.(INK)for its ethylene and polyethylene(PE)production plant being built in Ust-kut,Irkutsk,Russia(PCN,4 Feb 2019,p 1).The project will include a 650,000-t/y ethylene plant based on Lummus Technology,and a PE unit licensed by Univation Technologies with over 650,000 t/y of capacity,PCN earlier reported.Ethane feedstock will be supplied from INK's oil fields.A completion date was not given.
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