SAUDI ARABIA

SABIC and SAFCO in Ammonia Joint Venture Project

The Saudi Basic Industries Corporation (SABIC) and the Saudi Arabian Fertilizer Company (SAFCO) on 10 April signed an agreement to set up in Jubail a 50-50 joint venture ammonia plant with a capacity of 1,500 metric tons/day. The new plant, which will cost an estimated $195mn and is scheduled to come on stream in 1988, will supply local demand for fertilizers and compound fertilizers as well as the export market. The ammonia...