April 11, 2012
Saudi Arabia's Sabic to produce urea in 2014 Q3
At a plant being built by its fertiliser unit, Saudi Basic Industries Corp. (SABIC) plans to begin producing urea in the third quarter of 2014.
The facility, called Safco-5, will cost SAR2 billion (US$533 million) and produce 1.1 million tonnes a year, the parent company, known as Sabic, said in its 2011 annual report. The plant will be operated by Saudi Arabian Fertiliser Co., also called Safco, Sabic said in the report released Monday (Apr 9).
Sabic's steel-manufacturing capacity will increase to six million tonnes a year in 2012, upon completion of a new factory in the eastern city of Jubail that is to start operation in the second half, it said.