AOC is in negotiation with the ministry over renewal of its drilling rights in the Zone, shared with Kuwait. Al Zamil Group said it would have a 15 per cent shareholding. The new firm will build plants for production of butanediol, maleic anhydride, methanol and acetic acid in Jubail industrial city. Sabic builds in Yanbu Saudi Basic Industries Corp. announced plans to build an acetic acid plant in the industrial city of Yanbu. Mohammed Al Mady, Sabic's managing director, said the plant was part of the company's plans to expand its polyester production at Ibn Rushd to 390,000 tonnes per annum.
Acetic acid is a vital ingredient for the feedstock for polyester production.
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