SAUDI ARABIA/TURKEY

 

Saudi And Turkish Companies Plan $1Bn Petrochemical Joint Venture

Saudi Arabia’s Advanced Petrochemical Company (APC) and Turkey’s Bayegan Group on 3 May signed a memorandum of understanding (MOU) to set up a $1bn propane dehydrogenation and polypropylene plant, with a capacity of 500,000 tons/year in the Adana-Iskenderun area of southern Turkey (MEES, 7 May). The MOU will be effective from the date of signature until 31...