VOL. XLIV

No. 25

18-June-2001

SAUDI ARABIA

NPIC And Basell Holdings Agree On $533Mn Jubail Polypropylene Project

National Petrochemical Industrialization Company (NPIC) a private Saudi firm and Basell Holdings Middle East on 6 June endorsed an agreement to set up an SR2bn ($533mn) plant in Jubail Industrial City to produce 450,000 tons/year of polypropylene. NPIC, which will contribute SR450mn ($120mn) to the project, will hold a 75% stake in the new joint venture, the Saudi Polyolefins...