VOL. XL

No. 9

3-March-1997

SAUDI ARABIA

Zenel And Montell Sign Agreement For Joint Venture Petrochemical Project

Zenel Industries of Saudi Arabia and Montell International of Belgium announced on 24 February that they had signed a joint venture agreement to establish Teldene - a company which will construct and operate a propane dehydrogenation plant and a polypropylene plant in the Saudi industrial town of Yanbu'. The propane dehydrogenation plant will produce 250,000 tons/year of propylene...