VOL. XXXIX

No. 39

24-June-1996

SAUDI ARABIA

Neste To Acquire 30% Of Projected Yanbu' MTBE Plant

Under the memorandum of understanding signed earlier this month, Saudi Arabia's Alujain Corporation and Finland's Neste Oy will have a 70% and 30% stake respectively in the proposed new firm - the National Fuels Additives Company (Tahseen) - which will build, own and operate the projected 850,000 ton/year MTBE plant in Yanbu' on the west coast of Saudi Arabia (MEES, 10 June). Alujain said...