Middle East Economic Survey

VOL. LII

No 44

2-Nov-2009

SAUDI ARABIA

SABIC and Albemarle Announce Organometallics Joint Venture

Ibn Hayyan Plastic Products Company (TAYF), an affiliate of Saudi Basic Industries Corporation (SABIC), and US firm Albemarle Corporation have announced a 50/50 joint venture to build an organometallics production facility in al-Jubail. The joint venture, Saudi Organometallic Chemicals Company (SOCC), will be the first company of its kind to produce such projects in the...