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Saudi Aramco and France Total have signed an MoU with Britain’s INEOS to build three petrochemical plants in Saudi Arabia as part of the Jubail 2 complex with an estimated cost of $2 billion. The three plants are expected to produce key building blocks for carbon fiber, engineering polymers and synthetic lubricants that are essential to economic growth in the region.

Britain’s INEOS to Build Three Petrochemical Plants in Saudi Arabia

Saudi Aramco and France Total have signed an MoU with Britain’s INEOS to build three petrochemical plants in Saudi Arabia as part of the Jubail 2 complex with an estimated cost of $2 billion.

The three plants are expected to produce key building blocks for carbon fiber, engineering polymers and synthetic lubricants that are essential to economic growth in the region.

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