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Sipchem and Hanwha Chemical Join Forces in $1.1-Billion JV at Al Jubail

9:14 AM MDT | September 17, 2009 | Natasha Alperowicz

Saudi International Petrochemical Co. (Sipchem) and Hanwha Chemical Corp. (Seoul) have signed a joint venture agreement to establish a petrochemical company at Al Jubail, Saudi Arabia. The new jv will be owned 75% by Sipchem and 25% by Hanwha Chemical. It...

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