Project Magma

por | Jun 15, 2023 | Noticias

Project Magma

Synergy Consulting, Inc. is honored to support Vision Invest and Veolia in successfully achieving the Financial Close for the acquisition of two hazardous industrial waste treatment plants from Abu Dhabi National Oil Company (ADNOC) Refining.

The two hazardous industrial waste treatment plants, with an annual capacity of nearly 70,000 tons, are located in Al Ruwais Industrial City, UAE.

This industrial city also houses the largest oil refinery in the Middle East. The industrial waste treatment plants have now been handed over to the consortium from ADNOC Refining [previously known as Abu Dhabi Oil Refining Company (TAKREER)].

The acquisition of the plants has been financed through a combination of equity and long-term non-recourse project finance debt, with Natixis and APICORP acting as the Lead Mandated Lead Arrangers (MLAs) and Structuring Banks; and J.P. Morgan and Natixis acting as the Hedge Providers.