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; firstname.lastname@example.org
Stocks mentioned in the article : Linde AG