VOL. XLII

No. 07

15-February-1999

SAUDI ARABIA

Two New Private Petrochemical Ventures Set Up In SaudiArabia

Two new petrochemical ventures have been established inSaudi Arabia. The Gulf Advanced Chemical Industries Company (GACIC) signed on 7February a Letter of Understanding with the Huntsman Corp. and Kvaerner ProcessTechnology Ltd. covering the establishment of a joint venture to producebutanediol (BDO)/maleic anhydride (MAH). The new plant will be constructed atthe Al-Jubail Industrial City....