STX Heavy Industries in talks with Al-Rajhi over $1.1bn chemical plants

12 October 2010

Saudi Arabia's Al-Rajhi Industrial Group is in talks with South Korea's STX Heavy Industries (STX HI) to build two chemical plants worth a total of $1.1bn in the kingdom, Meed has reported, citing industry sources. The first plant will produce around 6,000 tonnes-a-year of polysilicon that is used in the production of solar panels. The second plant will produce 100,000t/y of linear alkyl benzene, which is used in detergent production.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.