Ineos to Join Sipchem Olefins Venture in Saudi Arabia?

Alperowicz, Natasha
October 2007
Chemical Week;10/3/2007, Vol. 169 Issue 32, p21
Trade Publication
The article reports that Ineos is in discussions with Saudi International Petrochemical Co., to become a joint venture partner in Sipchem's $8 billion petrochemical complex. Ineos may replace Hanwha Chemical, which was negotiating to join the scheme until Hanwha chairman Kim Seung-youn was jailed for assault in Korea. Worley Parsons (Houston) was awarded the project management contract for the Sipchem complex, and HSBC is the financial adviser.


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