Rabigh Refining and Petrochemical Company (Petro Rabigh) has signed a memorandum of understanding with Saudi Top for Trading Co for the establishment of a factory in the Rabigh PlusTech Park.
Saudi Top Trading plans to set up a factory on an area of 34,000sq m to produce 50,000 tons annually of polymer compounds, rubber and waxes.
The feedstock for the project will come from Petro Rabigh. -TradeArabia News Service