Vol. XL

No. 1



Saudi/Foreign Venture Announces Plans For AromaticsPlant

Universal Petrochemical Company of Saudi Arabia,together with Germany's Phenolchemie and the UK's Saudi-British Offset Office, intend toinvest SR225mn ($60mn) in a 260,000 ton/year export-oriented plant for the production ofcumene which is used to produce phenol and acetone. The plant will be located at Yanbu'and is expected to be operational in 1998. According to a statement issued by theproject's...