The Saudi Kayan Petrochemical Company (a SABIC affiliate) has signed a Letter of Intent (LOI) with Fluor Company to construct off-site utilities for KAYAN's complex in Jubail industrial city in the Kingdom of Saudi Arabia.
Saudi Kayan plans to operate a mega petrochemical complex with an annual capacity exceeding 4 million metric tons of chemical products anad will include specialty chemicals.
SABIC holds 35% of the company's capital of SR 12 billion, Saudi Kayan holds 20%, and 45% will be offered for public subscription.
29-Jun-06 
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