SAUDI Arabia’s Rabigh Refining and Petrochemical Company (Petro Rabigh), a joint venture between Suitomo Chemical Company and Saudi Aramco, plans to build another large petrochemical complex, according to reports.

The new complex is planned to be located adjacent to the $10.4 billion refinery and petrochemical complex, which is scheduled to launch operations in the first quarter of this year.
Construction is planned to commence by year-end and the second complex could come online in 2013 or 2014, at an investment outlay of $3.07 billion to $5.12 billion, with funds to come from the two parent companies and borrowings from a consortium of banks.