Middle East Economic Survey
VOL. LIV
No 18
2-May-2011
SAUDI ARABIA
SABIC Signs JV Agreement With Japanese Firms For Jubail Acrylonitrile Plant
Saudi Basic Industries Corporation (SABIC) announced the signing of a joint venture (JV) agreement with Japans Asahi Kasei Chemicals Corporation and Mitsubishi Corporation on 27 April to form the Saudi Japanese Acrylonitrile Company (SHROUQ) in Saudi Arabia. The company will build a plant for the manufacturing of acrylonitrile and sodium cyanide,...
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