28-DEC-92/4 JAN 93
License Issued for Saudi/Mobil MTBE Venture
The Saudi Minister of Commerce, Dr. Sulaiman al-Sulaim, has issued a licensefor the Arabian Chemical Investment Company (ACIC) which, in partnership withMobil of the US, is planning to build the first private sector plant at Yanbu'to produce 800,000 tons/year of methyl tertiary butyl ether (MTBE). ACIC iscapitalized at SR618.75mn ($165mn) and headquartered in Jiddah. The foundingshareholders have...