[Federal Register Volume 77, Number 146 (Monday, July 30, 2012)]
[Notices]
[Page 44614]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-18489]


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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 to support the export of 
approximately $2.3 billion in U.S. petrochemical equipment and services 
to expand petrochemical production at an existing facility in India. 
The financed amount associated with the U.S. export contract is 
expected to total approximately $2 billion.
    The U.S. exports will enable the foreign buyer to increase its 
annual production of the following products: 550,000 metric tons of 
linear low density polyethylene (LLDPE); 400,000 metric tons of low 
density polyethylene (LDPE); 733,000 metric tons of monoethylene glycol 
(MEG); 1,800,000 metric tons of paraxylene (PX); and 152,000 metric 
tons of polypropylene (PP). Available information indicates the Indian 
petrochemical producer plans to sell its output as follows: the 
majority of LDPE will be consumed in India with the balance exported to 
China, Europe and Africa; about half of LLDPE production will be 
consumed in India with the remainder going to China, Europe and Africa; 
the entire MEG production will be consumed in India; the PX production 
will be exported to South and North East Asia; and the majority of the 
PP production will be consumed in India with the balance exported to 
China, Africa and Europe.
    Interested parties may submit comments on this application by email 
to [email protected] or by mail to 811 Vermont Avenue NW., Room 
432, Washington, DC 20571, within 14 days of the date this notice 
appears in the Federal Register.

Kathryn Hoff-Patrinos,
Deputy General Counsel.
[FR Doc. 2012-18489 Filed 7-27-12; 8:45 am]
BILLING CODE 6690-01-P