Saudi Basic Industries Corporation (SABIC), Asahi Kasei Chemicals Corporation and Mitsubishi Corporation signed a strategic Joint Venture (JV) Agreement today to form a limited liability company, Saudi Japanese Acrylonitrile Company (SHROUQ), in Saudi Arabia. The company will build a plant for the manufacturing of Acrylonitrile (AN) and Sodium Cyanide (NaCN), with subsequent sales and distribution to be carried out by the partners. The agreed plan is to establish world-scale plants with capacities of 200,000 metric tons annually of AN and 40,000 metric tons annually of NaCN at one of the SABIC affiliates' sites in Jubail Industrial City. --MORE