The Saudi Arabian Mining Company (Ma’aden) and Sahara Petrochemical Company (Sahara) have established a new joint venture to produce caustic soda and ethylene dichloride (EDC). The US$750 mln (SR2.81 billion) project, located within Sahara’s complex in Jubail Industrial City, will produce 250,000 tpa of caustic soda and 300,000 tpa of EDC. The joint venture arrangement follows last year’s announcement by both companies regarding approval received from the Saudi Industrial Development Fund to provide US$240 mln (SR900 mln) in project financing. Sahara is 90% owned by Zamil Group Holding.
12-May-11 
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