Shell to Sell Stake in Sadaf JV to Sabic

Shell to Sell Stake in Sadaf JV to Sabic

Shell announced that the Saudi Basic Industries Corporation (Sabic) will buy its 50 % share in the Saudi Petrochemical Company (Sadaf) petrochemicals joint venture, located in Jubail, Saudi Arabia, for USD 820 million. The Sadaf joint venture encompasses six world-scale petrochemical plants with a total output of more than 4 million t/y and produces ethylene, ethylene di-chloride, styrene, crude industrial ethanol, caustic soda, and MTBE.

Graham van’t Hoff, Executive Vice President Chemicals, Shell, said: “Our partnership with Sabic, spanning more than thirty years, has been … .

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Shell to Sell Stake in Sadaf JV to Sabic

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