NO. 24


Saudi Arabia

SABIC Acquires Licensing Rights for IFP's Butene-1 Process

The Saudi Basic Industries Corporation (SABIC) has acquired its firstworldwide licensing rights to a chemical manufacturing process for butene-1,under a memorandum of understanding signed earlier this month with theInstitut Francais du Petrole (IFP). The butene-1 technology, currently in useat SABIC's wholly-owned affiliate, the Arabian Petrochemical Company (Petrokemya),will be known as the...