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Chemical Week Magazine :: Business & Finance :: Europe/Mideast

Shell and Sabic Put Sadaf Styrene Project on Hold

11:01 AM MDT | July 27, 2007 | Natasha Alperowicz

Saudi Petrochemical Co. (Sadaf; Al Jubail), an equally owned joint venture between Shell and Sabic, has put its styrene expansion project on hold after several years of development, CW has learned. “The project is under review because of the escalating construction costs,” Ben van Beurden, executive v.p./chemicals at Shell says. ABB Lummus Global, the technology provider, confirms that the project has been “put on hold until further notice.” Van Beurden: Sadaf’s styrene reviewed. The high cost of benzene feedstock is another factor...

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