Middle East Economic Survey

VOL. LIII

No 15

12-April-2010

SAUDI ARABIA

SABIC And Celanese Sign Agreement For $400Mn POA Plant

Saudi Basic Industries Corporation (SABIC) has signed an agreement with Texas-based Celanese Corporation for the construction of a $400mn polyacetyl (POA) production facility, it announced on 1 April. The facility will have a production capacity of 50,000 tons/year and be built at the SABIC affiliate National Methanol Company (IBN SINA) complex in Jubail industrial city,...