Saudi joint venture with Dow for SR1.8 bln n-Butanol plant

Saudi Kayan Petrochemicals has signed a preliminary agreement with Saudi Acrylic Acid Co and a joint venture between U.S. Dow Chemical and Saudi Aramco to build a 330,000 tons n-Butanol plant in the kingdom. The three partners will each hold an equal stake of 33.3% in the plant and would share the costs of the project estimated at SR 1.8 bln. The plant will be located in Jubail and operated by SAAC, with production due to start in H2-2014.
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