Acetex In Private Petrochemicals Joint Venture With Saudi Arabias Tasnee
Canadas Acetex Corporation announced on 19 April that it had concluded a joint venture agreement with Saudi Arabias National Petrochemical Industrialization Company (Tasnee Petrochemicals) to establish a $1bn venture in Jubail with a capacity to manufacture around 500,000 tons of acetic acid, 275,000 t/y of vinyl acetate monomer (VAM) and 1.8mn t/y of methanol. Production is scheduled...
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