14 November 2000 11:18 [Source: ICIS news]
AL-JUBAIL, Saudi Arabia (CNI)--Sadaf (Saudi Petrochemical Company), the joint venture between Saudi Basic Industries Corp (Sabic) and Shell, is considering the construction of a third styrene plant and is also prepared to evaluate the possibility of building a second cracker to meet future feedstock demand.
President Mosaed Al-Ohali said here that the projects were at the "dream stage" although he made it quite clear that Sadaf is determined to participate as fully as possible in Saudi Arabia's accelerating petrochemical development.
Al-Ohali said if a third styrene plant is built it would be to wordscale size of at least 500 000 tonne/year and would likely cost about $300m-$350m (Euro347m-Euro405m) if built at an existing site or around $400m if at a greenfield location.
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