Saudi Industrial Investment Group (SIIG) has established a joint venture company to produce nylon and downstream petrochemical products, as per Platts. The venture, called Petrochemical Conversion Company (PCC), has been formed under a 50:50 partnership with the Arabian Chevron Phillips Petrochemical Company. A total of US$2 bln has been invested in PCC over the next two years. One of the first projects for the new company will be a nylon manufacturing plant. Production from these projects is expected to start in 2013.
02-Aug-11 
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