National Petrochemical Industrial Company

Alujain and LyondellBasell are jointly assessing the construction of a new propylene via propane dehydrogenation (PDH) and polypropylene facility at the NATPET site, subject to a final investment decision.

LyondellBasell (LYB) completed the acquisition of a 35% interest in National Petrochemical Industrial Company (NATPET) from Alujain Corporation. The joint venture uses LYB's Spheripol polypropylene technology and NATPET has approximately 400,000 tons of annual PP production capacity.

LyondellBasell has entered into an agreement to acquire a 35% interest in Saudi Arabia-based NATPET from Alujain Corporation for approximately $500 million. The joint venture will use LYB's Spheripol PP technology.

Tecnimont S.p.A., through its affiliate Tecnimont Arabia, was awarded a $65 million reimbursable EPC contract by National Petrochemical Industrial Company (NATPET) to reinstate an existing polypropylene plant in Yanbu Industrial City, Saudi Arabia.