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INEOS to invest $2B in three plants in Saudi Arabia · Endata

◂ Announcements

Specialty Chemicalsworld trade 2024+2.3% 5Y CAGR

Plastics and Polymersworld trade 2024+3.9% 5Y CAGR

Mar 6, 2019INVESTMENTJubail 2 complex, Saudi Arabia, Saudi Arabia

INEOS to invest $2B in three plants in Saudi Arabia

INEOS has signed a Memorandum of Understanding with Saudi Aramco and Total to build three new plants as part of the Jubail 2 complex in Saudi Arabia: a 425,000 tonne acrylonitrile plant, a 400,000 tonne LinearAlphaOlefin plant, and a PolyAlphaOlefin plant. The plants are expected to start up in 2025.

Value

$2.00B

Starts operating

2025

Status

Announced

Capacity

425,000 tonnes acrylonitrile per year; 400,000 tonnes LAO per year

ProductsacrylonitrileLinearAlphaOlefinPolyAlphaOlefin

CompaniesINEOS Saudi Aramco partner Total partner

Sectors#Specialty Chemicals #Plastics and Polymers

“This is a major milestone for INEOS that marks our first investment in the Middle East.”euro-petrole.com

1 source
euro-petrole.comINEOS - INEOS to invest $2bn in Saudi Arabia - EuropétroleEuropétroleMar 6, 2019

Summarized from public sources; check the original articles before acting on it.

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