VOL. XXXIX
No. 37
10-June-1996
SAUDI ARABIA
Neste Agrees To Take Equity Stake In Alujain MTBE Plant At Yanbu'
MEES understands that Finland's Neste Oy has signed a memorandum of understanding (MOU) with the private Saudi firm Alujain Corporation under which the Finnish firm has agreed to take a minority equity stake in a new company called the National Fuels Additives Company (Tahseen). Tahseen is being formed to build, own, and operate an 850,000 ton per year MTBE plant which Alujain...
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