sAuDi KAyAn Forms three-WAy JV to BuilD ButAnol plAnt

摘要

Saudi Kayan Petrochemical, a Sabic affiliate, says it will build a previously announced n-butanol plant at Jubail, Saudi Arabia as a three-way joint venture. The company's partners in the jv will be Saudi Acrylic Acid Co. (SAAC); and a proposed jv between Saudi Aramco and Dow Chemical that is building a large-scale petrochemical complex at Jubail. Each partner will own 33.3% of the butanol plant. A jv agreement was signed on January 29. Saudi Kayan and its partners plan to enter formal negotiations for the butanol unit, which will have a capacity of 330,000 m.t./year and be built at SAAC's production site.