Saudi energy ministry approves feedstock allocation for Alujain’s $2bln petrochemical project

Saudi industrial group Alujain Corporation announced on Sunday that it has received the Ministry of Energy’s nod on feedstock allocation for establishing a new petrochemicals project in Yanbu Industrial City at a total cost of 7.5 billion Saudi riyals ($2 billion).  The project, upon completion, will produce more than 600,000 tonnes/year of polypropylene, polypropylene compounds, and specialized construction materials from polypropylene derivatives, in addition to about 25,000 tonnes/year of saleable hydrogen.