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Saudi Arabia: Ineos chemicals deal

Saudi Aramco and France’s Total have signed a memorandum of understanding with UK-based chemicals firm Ineos to develop three new plants as part of their $5bn Amiral petrochemicals joint venture in Jubail. The plants include a 425,000t acrylonitrile plant, a 400,000t linear alpha olefin (LAO) plant and associated poly alpha olefin (PAO) unit.

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