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Sabic and SK Global Chemical form PE manufacturing JV, will build plants in Saudi Arabia and elsewhere

10:08 AM MDT | May 30, 2014 | —Natasha Alperowicz

Sabic and SK Global Chemical have signed a 50-50 joint venture agreement to invest $595 million in the manufacture of high-performance polyethylene (PE) using SK’s metallocene-based Nexlene solution process technology. The agreement was signed by Sabic’s CEO, Mohamed Al Mady; and Ja-Young Koo, SK Innovation’s vice chairman and CEO....

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