VOL. XLIII
No. 17
24-April-2000
SAUDI ARABIA
Saudis NIC And Germanys BASF To Set Up $533Mn Polypropylene Plant
Saudi Arabias National Industrialisation Company (NIC) and Targour, a wholly-owned subsidiary of Germanys BASF, announced plans on 11 April to set up a joint-venture 450,000 tons/year polypropylene plant in Jubail. The project, to be completed by the third quarter of 2002, is expected to cost more than SR2bn ($533mn). A turnkey construction contract for the plant has been awarded to ABB...
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