Advertisement
Grab your lab coat. Let's get started
Welcome!
Welcome!
Create an account below to get 6 C&EN articles per month, receive newsletters and more - all free.
It seems this is your first time logging in online. Please enter the following information to continue.
As an ACS member you automatically get access to this site. All we need is few more details to create your reading experience.
Not you? Sign in with a different account.
Not you? Sign in with a different account.
ERROR 1
ERROR 1
ERROR 2
ERROR 2
ERROR 2
ERROR 2
ERROR 2
Password and Confirm password must match.
If you have an ACS member number, please enter it here so we can link this account to your membership. (optional)
ERROR 2
ACS values your privacy. By submitting your information, you are gaining access to C&EN and subscribing to our weekly newsletter. We use the information you provide to make your reading experience better, and we will never sell your data to third party members.
Business
Shell’s SADAF exit raises $820 million
by Alex Scott
January 30, 2017
| A version of this story appeared in
Volume 95, Issue 5
Oil giant Shell has agreed to sell its 50% stake in Jubail, Saudi Arabia-based Saudi Petrochemical Co. (SADAF) to Saudi Basic Industries, SADAF’s co-owner, for $820 million. SADAF has a total output of more than 4 million metric tons per year of chemical products that include chlorine, ethanol, ethylene, ethylene dichloride, methyl tert-butyl ether, and styrene. The move is driven by Shell’s goal to narrow the range of its chemicals portfolio. The joint venture agreement would have expired in 2020.
The power is now in your (nitrile gloved) hands
Sign up for a free account to get more articles. Or choose the ACS option that’s right for you.
Already have an ACS ID? Log in
Join the conversation
Contact the reporter
Submit a Letter to the Editor for publication
Engage with us on Twitter