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Markets :: Plastics :: Polystyrene
Jubail Chevron Phillips Begins Production
12:52 AM MDT | August 20, 2008 | Natasha Alperowicz
Saudi Industrial Investment Group (SIIG; Riyadh) and ChevronPhillips Chemical (CPChem) say their Jubail Chevron Phillips Co. joint venture has started production at Al Jubail, Saudi Arabia. The SR4.5 billion ($1.2 billion) complex, designed to produce 750,000 m.t./year of styrene and 150,000 m.t./year of propylene, will begin exporting next month. The period prior to the first shipment will be used to buildup inventory, the companies say. The partners achieved mechanical completion of this, their second joint venture complex in Saudi Arabia in May. The complex is...
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