Sipchem Confirms Saudi JV Talks with Ineos

Alperowicz, Natasha
February 2008
Chemical Week;2/11/2008, Vol. 170 Issue 5, p17
Trade Publication
The article reports that Saudi International Petrochemical Co. (Sipchem) is in discussions with Ineos to form a joint venture that will build a previously announced multibillion-dollar petrochemical complex at Al Jubail, Saudi Arabia. Sipchem, a private-sector group, received the Ministry of Petroleum and Minerals' (Riyadh) most recent allocation of feedstock for petchem production in Saudi Arabia. However, the company's plans encountered a setback in 2007 when the Saudi government asked the company to find an alternative partner to Hanwha Chemical.


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