SAUDI ARABIA

SABIC and Partners Sign Agreement for MTBE Project

The Saudi Basic Industries Corporation (SABIC), the Arab Petroleum Investments Corporation (Apicorp), Enichem of Italy and Neste Oy of Finland on 16 December signed the final agreement establishing the Saudi-European Petrochemical Company, the new joint venture which is to build a $600mn plant at Jubail to produce 500,000 tons of methyl tertiary butyl ether (MTBE), 125,000 tons of butadiene and 80,000 tons of butene-l...