Basell has signed a joint venture agreement with Tasnee & Sahara Olefins Company for the construction of a new integrated ethylene and polyethylene complex at Al-Jubail Industrial City in the Kingdom of Saudi Arabia. Basell (largest polyethylene manufacturer in Europe) will hold 25% stake in the project, while Tasnee & Sahara Olefins Company will hold the remaining equity.
The complex will include a gas cracker and two 400,000 tpa polyethylene plants, scheduled to start up in 2008. One of the two plants will produce high density polyethylene and will be based on Basell's latest generation Hostalen process. The second plant, based on Basell's Lupotech T technology, will produce low density polyethylene. The units will be the largest Hostalen and Lupotech T process plants in the world, with competitive feedstock and operating costs as well as sustainable product property advantages. This project is part of Basell's strategy to expand geographic presence by establishing new world-class manufacturing facilities with strong local partners in close proximity to target markets.
Sahara Petrochemical Company and Basell are currently developing a 450,000 tpa Spherizone polypropylene plant and propane dehydrogenation unit in Al-Jubail.
12-May-06 
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