RABIGH, Saudi Arabia (Aug. 2, 2010)—Rabigh Refining and Petrochemical Co. (Petro Rabigh) plans to invest about $100 million to construct a new polyol processing plant to supply propylene oxide to two companies: Saudi Advanced Industries Co. and the National Industries Co.
The new facility will produce about 120,000 metric tons a year of polyether polyol, which is used in the production of polyurethane.
Under the agreement, Petro Rabigh will supply 100,000 tons annually to the two companies.
Petro Rabigh CEO Ziad Bin Sami Al Laban said the project marks a significant change in the petrochemical industry in Saudi Arabia by bringing in production of high-quality, high-value products that give high financial returns and create employment opportunities for Saudi workers.