SAUDI ARABIA

Tenders for SABIC's MTBE Project Expected in March 

According to Mr. Ibrahim ibn Salamah, Vice Chairman and Managing Director of SABIC, tenders for the new $600mn joint venture petrochemical plant to be built at Jubail by the Saudi-European Petrochemical Company (SEPC) will be invited around mid-March. SEPC was set up last December by SABIC (70%), Apicorp, Enichem of Italy and Neste Oy of Finland (10% each). The Jubail plant will produce 500,000 tons of methyl...