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Financing Case: Four river gas tankers for INEOS Group
Project profile – financing:
- Pre- and post-delivery financing of two 6,000 cbm and two 5,000 cbm river gas tankers for INEOS Group
- Borrower INEOS Group is one of the world´s largest chemical groups which produces and markets a highly diversified portfolio of petrochemical basic and niche products
Contribution of KfW IPEX-Bank:
- Loan of EUR 45 million
- KfW IPEX-Bank structures the loan acting as sole lender
- Ecologically sound use of inland waterways for freight transport
Project profile – Vessels:
- 6,000 cbm an 5,000 cbm river gas tankers
- Vessels built at TeamCo Shipyard BV and VEKA Scheepsbouw BV in the Netherlandst
- Delivery July 2019 and November 2019
- Tankers transport butane gas and operate on the River Rhine between Antwerp and Cologne