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SABIC signs intent letter with Japanese company
Saudi Press Agency Published in Saudi Press Agency on 02 - 07 - 2005

Saudi Basic Industries Corporation (SABIC) signed on July 14 a letter of intent with Japanese Engineering Toyo Company to design and establish Glycol Ethylene Plant in YANSAB Compound in Yanbu Industrial City with an annual capacity of 700,000 metric tons.
The letter was signed by Engineer Abdulrahman bin Salih Faqih, President of Yanbu National Petrochemicals Company/ YANSAB/ and Toyo's Executive Manager Takushi Murashi.
Engineer Mohammed bin Hamad Al-Madhi, Deputy Chairman of SABIC'S Board of Directors and Executive Officer noted that the plant will be the third to be established in the compound yet.

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