Chemical Week Magazine :: Newsbriefs
Sabic Links with Saudi Mining Company
12:06 PM MDT | July 26, 2007 | Chemical Week Editorial Staff
Sabic and Ma’aden (Riyady, Saudi Arabia), a government-owned mining company, say they have signed an agreement to create a joint venture for a SR13-billion ($3.5 billion) phosphate minerals project. The project would consist of a phosphate mine and processing plant at Al-Jalamid, Saudi Arabia, as well as a phosphate fertilizer production complex at Ras Az Zawr, Ma’aden says. Sabic, which will own 30% equity in the jv, will provide technology and marketing expertise in the field of nitrogen fertilizers. Ma’aden, which will own the remaining 70%...
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