Linde To Invest $380 Million In Saudi Chemical Complex
April 02 2012 - 3:43AM
Dow Jones News
Germany's Linde AG (LIN.XE) said Monday it has signed a
long-term contract to supply gases to Sadara Chemical Co. at a
chemical complex in Saudi Arabia, and will invest $380 million in
the project.
Linde will supply carbon monoxide, hydrogen and ammonia at a
chemical complex now being built by Sadara in Jubail, Saudi Arabia,
and construct on-site production facilities scheduled to be ready
in 2015.
Sadara, established in October 2011, is a joint venture
developed by Saudi Arabian Oil Co., or Saudi Aramco, and Dow
Chemical Co. (DOW), Linde said.
-By Friedrich Geiger, Dow Jones Newswires; +49 69 29 725 500;
friedrich.geiger@dowjones.com
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