A subsidiary of Chevron Phillips Chemical (The Woodlands, Texas / USA; www.cpchem.com) has entered into another 50:50 joint venture with Saudi Industrial Investment Group (SIIG, Riyadh / Saudi Arabia; www.siig.com.sa). Both companies plan to invest about SAR 2 bn (EUR 370m) into the new Petrochemical Conversion Company (PCC), located in Al Jubail.

One of the first lines PCC plans to commission in the industry park Al Jubail II by 2013 is a polyamide 6.6 facility. In addition, the new jv has called for applications to build a PA compounding facility as well as numerous lines turning out HDPE pipes and engineering plastics injection-moulded parts for the automotive, packaging, E&E and medical markets.

The PCC project reflects Saudi Arabia’s frequently voiced efforts to increase its plastics processing activities. In addition, PCC’s new polyamide line will be able to use the 355,000 t/y of cyclohexane feedstock turned out by another SIIG-Phillips joint venture – Saudi Chevron Phillips Company (SPC, Al Jubail / Saudi Arabia).