SABIC's Proposed European JV with EniChem.

Publication: APS Review Downstream Trends

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According to press reports, JV would cover EniChem's existing plants: seventeen in Europe and one in the USA.

Products include olefins, aromatics, polyethylene, styrene, polystyrene, elastomers, and various chemical intermediates.

Current Capacities, KT/Yr: Product SABIC* EniChem Ethylene 3,923 2,569 Polyethylene 1,392 1,765 Styrene 640 622 * Based on SABIC's share of Saudi JV's.

Initial 50/50 JV could lead to eventual 100% SABIC ownership. Supports SABIC's long-term objective of being a global producer and among the four or five industry leaders in commodity petrochemicals.

As shown on the chart, the trade press has reported that SABIC and EniChem of Italy are negotiating a joint venture that would include most of EniChem's assets. EniChem has seventeen petrochemical manufacturing plants in Europe and one in the United States. As indicated on the...

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