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Business
... and advances Dutch project
May 8, 2006
| A version of this story appeared in
Volume 84, Issue 19
The Dutch government has made allowances in its CO2 emission requirements that permit Saudi Basic Industries Corp. to build a $2.25 billion catalytic cracker in Sittard-Geleen, the Netherlands. Following an agreement with the government, SABIC does not have to pay several tens of millions of dollars to purchase CO2 emission rights for the period 2008-12. Moreover, the government will invest in new rail infrastructure for the chemical complex, which SABIC acquired from DSM in 2002.
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