Saudi Sahara Petrochemicals has sent a letter of intent to Korea's Daelim Industrial Corp and Italy's Tecnimont to build two propylene and polypropylene plants in the Gulf centre of Jubail. The project is to have an investment outlay of 2.3 billion riyal (US$613 million). Production capacity will be 460,000 tpa of propylene and 450,000 tpa of polypropylene, estimated to to start production in Q2 of 2008. Propane feedstock is to be supplied by Saudi Aramco. Sahara Petrochemicals will jointly own the project with Basell.
05-Oct-05 
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