2007-09-18 - AME Info | Saudi Arabia | Latest News - The Saudi Industrial Investment Group (SIIG) is teaming up with Chevron-Phillips to establish a new $4.8bn petrochemical company, reported Arab News. SIIG will have a 65% stake in the new plant, which will produce adipic-acid and nylon, while Chevron-Philips will hold the remaining 35%. The project is likely to start production in the last quarter of 2011.  

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