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4-Traders Homepage  >  Equities  >  Xetra  >  Linde AG    LIN   DE0006483001


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Linde To Invest $380 Million In Saudi Chemical Complex

04/02/2012 | 03:29am US/Eastern

Germany's Linde AG (>> Linde AG) said Monday it has signed a long-term contract to supply gases to Sadara Chemical Co. at a chemical complex in Saudi Arabia, and will invest $380 million in the project.

Linde will supply carbon monoxide, hydrogen and ammonia at a chemical complex now being built by Sadara in Jubail, Saudi Arabia, and construct on-site production facilities scheduled to be ready in 2015.

Sadara, established in October 2011, is a joint venture developed by Saudi Arabian Oil Co., or Saudi Aramco, and Dow Chemical Co. (DOW), Linde said.

-By Friedrich Geiger, Dow Jones Newswires; +49 69 29 725 500; friedrich.geiger@dowjones.com

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