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07-07-2006

Basell / Tasnee & Sahara Olefins: Joint Venture

Basell and Tasnee & Sahara Olefins Company have signed an agreement on the construction of a new polyethylene plant in Al-Jubal, Saudi-Arabia. The complex will comprise a gas cracker and two 400000 t/a PE plants. One plant will produce PE-HD by Basell’s Hostalen process, and the other will use Basell’s Lupotech T technology to manufacture PE-LD. Commissioning is planned for 2008. Basell has a 25 % holding in the project, while Tasnee & Sahara Olefins holds 75 %. The two companies already operate a joint venture in Saudi Arabia: the Saudi Polyolefins Company, which runs a PP plant with an annual capacity of 450000 t.

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