PetroRabigh inks deal to supply propylene oxide to Saudi companies

17-Jul-10

Saudi Arabia's Petro Rabigh has inked a deal with Tasnee and Saudi Advanced Industries (SAIC) to supply propylene oxide to their planned joint-venture polyether polyol project. Rabigh will supply 100,000 tons of propylene oxide to the project, which will produce 120,000 tons of polyether polyol and will cost up to SR 400 mln (US$106.7 mln), Polyether polyol is a feedstock of polyurethane. The project will be built in the Red Sea city of Rabigh, west of Saudi Arabia, and will start production in Q4-2013.