Middle East Economic Survey

VOL. XLVIII

No 22

30-May-2005

Saudi arabia

Basic Chemicals Expansion To Underpin SABIC Capacity Increase, Says Shuaa

SABICs production capacity increase (expected to reach 60mn tons/year by 2008) will be mainly sustained by expansion of its basic chemicals production, according to Shuaa Capitals Equity Research issued on 22 May. Approximately half of the expansion operations will concern basic chemicals, mainly ethylene and propylene. SABICs share of global ethylene...