SABIC, Shell scrap plans for expansion of Jubail petrochemicals venture
10/24/2014 12:00:00 AM
Saudi Basic Industries Corp. (SABIC) and Royal Dutch Shell (Shell), the two partners in the JV project known as SADAF, have cancelled it.
SADAF, announced in 2012, was a proposed expansion of the Jubail petrochemical complex on the Gulf coast of Saudi Arabia.
The expansion was planned for the additions of polyols, propylene oxide (PO) and styrene monomer processing capacity.
According to a Shell spokesman, SABIC and Shell have agreed not to pursue this investment further. Both parties are open to future discussions to explore other business opportunities.
A SABIC spokesman commented that the feasibility study results were not encouraging to continue the SADAF project further.
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