Tasnee to consume its share of output from butanol plant: CEO

30/03/2016 Argaam

National Industrialization Co. (Tasnee) plans to consume its full share of output from its joint venture Saudi Butanol Co. (SaBuCo), the company’s chief executive Mutlaq Al-Morished told CNBC Arabia.

 

Commercial operations began on Tuesday at  SaBuCo’s plant in Jubail, a $500 million joint venture with Sahara Petrochemicals and Saudi Kayan Petrochemical Co.

 

Tasnee is in the final stages of a restructuring plan, which includes layoffs and other cost-cutting measures, he added.

 

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