Sabic to Take Stake in Saudi PBT Complex

Sabic has signed an agreement to take a 35% stake in a $1-billion polybutylene terephthalate (PBT) and related intermediates complex planned by Osos Petrochemicals (Yanbu, Saudi Arabia) at Yanbu. Project timing and other details were not disclosed. The project includes units for 60,000 m.t./year of PBT, an engineering plastic used in automotive and electronics applications; 50,000 m.t./year of butanediol (BDO), an intermediate used in polyurethane and PBT; 3,500 m.t./year of tetrahydrofuran (THF), used as a solvent and to make polytetramethylene ether glycol and...

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