10/03/2014

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SAUDI ARABIA: Saudi Aramco, Sumitomo invite lenders to back Rabigh II expansion project

The USD 8.5-billion project involves expanding the existing ethane cracker and new facilities for the production of ethylene propylene rubber, thermoplastic polyolefins, methyl methacrylate monomer, polymethyl methacrylate, low-density polyethylene/ethylene vinyl acetate, cumene, phenol/acetone and paraxylene/benzene. Petro Rabigh explained that the commercial facilities will be split between those provided on a conventional basis and facilities provided on a Shari'ah (Islamic laws) compliant basis.

Source: Weekly "PetroChemical News", Durham, NC, USA; 22 Sept 2014
(Syed Rashid Ali, Karachi, Pakistan)

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