Transportation
Huayou Seeks $2.7 Billion for Ford-Backed Indonesia Nickel Plant
- Chinese firm sounding out banks, people familiar say
- HSBC, Standard Chartered arranging project financing
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Zhejiang Huayou Cobalt Co., one of the world’s largest nickel producers, is sounding out banks for roughly $2.7 billion in financing for its Ford Motor Co.-backed project in Indonesia, according to people familiar with the matter.
HSBC Holdings Plc and Standard Chartered Plc are arranging the loan and inviting other banks to participate in financing the Chinese company’s battery-nickel facility in Southeast Sulawesi, said the people who asked not to be named as the information is private.