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Dragados wins major contract to build Sabic's polyacetal plant in Saudi Arabia

2:44 AM MDT | July 10, 2013 | Natasha Alperowicz

Dragados Industrial (Madrid) has won a $386.7-million contract to build a previously announced polyacetal plant in Saudi Arabia. The plant will be designed to produce 50,000 m.t./year of the engineering plastic and will be located at the National Methanol Co.’s (Ibn Sina) Al Jubail site. Ibn Sina is owned 50% by Sabic and 25% each by Celanese and an affiliate of Duke Energy. Ibn Sina will supply the methanol feedstock. Ticona, Celanese’s engineering plastics subsidiary, is providing the technology. The project will be financed by partners and by...

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