SAUDI ARABIA

Two New Lube Additives Plants at Yanbu' 

The industrial town of Yanbu' will shortly have two new plants manufacturing lube oil additives. The first plant with a design capacity of 30,000 tons/year of additives and an investment cost of SR65mn ($17.3mn) started up at the end of July. It is owned by Lubrizol Transarabian Company - a joint venture between International Chemicals and Trading Company (a subsidiary of Haji Abdullah Alireza and Company) with a 51% stake,...