VOL. XXXVI

NO. 17

25-JANUARY-1993

SAUDI ARABIA

Cost of Yanbu' Petrochemical Plant Escalates

Xenel Industries of Saudi Arabia has announced that the construction costsfor its projected joint venture with Himont of the US, which will produce anannual 300,000 tons of propylene and 180,000 tons of polypropylene by propanedehydrogenation, have registered a sharp escalation to $495mn from the originalestimate of $393mn (MEES, 15 June 1992). The increase in costs has beenconfirmed by new feasibility...