Britain's INEOS to invest $2bln in Saudi petrochemical complex | ZAWYA MENA Edition:
Billionaire Jim Ratcliffe's INEOS said on Monday it would invest $2 billion to build three plants that would form part of petrochemical complex being developed in Saudi Arabia by state-owned Saudi Aramco and France's Total.
INEOS' plants would be part of a $5 billion complex called Project Amiral that aimed to supply more than $4 billion of derivatives and speciality chemicals, the company said.
"We are bringing advanced downstream technology which will add value and create further jobs in the kingdom," Ratcliffe, INEOS' chairman, said in a statement to announce the deal with Aramco and Total.
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