VOL. XLIV
No. 25
18-June-2001
SAUDI ARABIA
NPIC And Basell Holdings Agree On $533Mn Jubail Polypropylene Project
National Petrochemical Industrialization Company (NPIC) a private Saudi firm and Basell Holdings Middle East on 6 June endorsed an agreement to set up an SR2bn ($533mn) plant in Jubail Industrial City to produce 450,000 tons/year of polypropylene. NPIC, which will contribute SR450mn ($120mn) to the project, will hold a 75% stake in the new joint venture, the Saudi Polyolefins...
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