Sumitomo puts faith in Rabigh

Hui, Cheok Soh
April 2007
ICIS Chemical Business;4/2/2007, Vol. 2 Issue 60, p19
Trade Publication
The article reports that Sumitomo Chemicals is relying on the Rabigh project, a joint venture with Saudi Aramco in Saudi Arabia, to improve the production of petrochemicals and increase profitability. The Rabigh project, which uses ethane as feedstock, will come on stream in the second half of 2008. Products from the plant are slated for markets in Asia and Europe, with the project expected to contribute yen (Y) 40 billion to net income in the fiscal year 2009, executive Hiromasa Yonekura said.


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