Campana refinery expansion

Overview:

• Campana refinery expansion
• AXION Energy Argentina is expanding its Campana refinery.
• The expansion will increase the refinery's production of refined products such as ultra-low sulphur diesel, reduce its sulphur emissions, and increase access to cleaner fuels by expanding its distribution network.
• To finance the expansion AXION Energy borrowed $78 million from IFC and a negotiated a separate $300 million syndicated loan with IFC, Santander, ICBC, Crédit Agricole, BBVA, and Citibank, among others.
• Legacy firm Chadbourne & Parke (Margarita Oliva) advised the IFC

Rani Mehta - Journalist