Four international engineering companies have submitted bids to build two petrochemicals plants for Saudi Basic Industries Corp (Sabic) and Japan's Mitsubishi Rayon in Saudi Arabia, two industry sources said.
They said South K
Saudi Basic Industries Corporation (Sabic) and Mitsubishi Rayon Company (MRC) have announced the formation of a 50/50 joint venture to build and operate two plants in Jubail.
One of the plants will produce methyl methacrylate (MMA) and the
Saudi Basic Industries Corp (Sabic) has confirmed that it has signed a letter of intent with Japan's Mitsubishi Rayon to set up a joint venture with an estimated cost of $1 billion.
The plant would produce 250,000 tonnes per year of methyl
Japan's Mitsubishi Rayon plans to set up a joint venture with Saudi Basic Industries Corp (Sabic) to produce material used for acrylic glass in Saudi Arabia, the Nikkei business daily reported on Friday.
Acrylic glass is used in variou