Jubail Chevron set to start exports

August 17, 2008

Saudi-based Jubail Chevron Phillips Co. petrochemical company said yesterday that it plans to export its first shipment next month. The Jubail-based firm will produce an annual 750,000 tons of styrene and 150,000 tons of polypropylene, Saudi Industrial Investment Group (SIIG) said Saturday.

SIIG holds a 50 percent in Jubail Chevron Phillips Co. Chevron Phillips Chemical Company holds an unspecified stake in Jubail Chevron Phillips Co., which was built at a total cost of SR4.5 billion [$1.2 billion].