Mitsui and Nabaa mull US$20 bln petrochemical complex in Yanbu

Japan’s Mitsui & Co and Saudi Arabia’s Nabaa Industrial Development and Investment Co are mulling cooperation for a US$20 bln petrochemical complex in Yanbu, subject to results of a feasibility study to be concluded by June this year. The complex would use crude oil as feedstock and is expected to produce 45 petrochemical products, and is planned to be operational by 2019.
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