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SABIC to launch a JV with Asahi Kasei Chemicals and Mitsubishi Corp

April 28/2011

(Reuters) - Saudi Basic Industries Corp 2010.SE, the world's largest chemicals producer, said it will launch a joint venture firm with Japana's Asahi Kasei Chemicals and Mitsubishi Corp. The new company, Saudi Japanese Acrylonitrile Co, will build a plant to produce acrylonitrile and sodium cyanide in Jubail. The facility will have capacity of 200 KTa of the former and 40 KTa of the latter, SABIC said in a statement on Wednesday.

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