Saudi Basic Industries Corporation (SABIC) and Germany's Lurgi GmbH reached a deal Sunday to jointly produce a new line of chemicals from renewable resources, dpa reported.
The production line will use "renewable raw materials such as palm and coconut oils," SABIC Vice President Abdulrahman Bin Saleh al- Obaid said after the companies concluded licensing agreements.
Production is set to begin at the end of 2013 at a SABIC affiliate, the Saudi Kayan Petrochemical Company, now under construction in Jubail, in north-eastern Saudi Arabia.
SABIC said the new line is part of an effort to diversify its output, which also includes fertilizers, metals, and plastics.
...