Investment of £850m from Saudi Aramco secures 1,000 industry jobs on Teesside
Investment of £850m from Saudi Aramco secures 1,000 industry jobs on Teesside
An £850m investment from a Saudi Arabian oil company will safeguard 1,000 industry jobs on Teesside.
Saudi Aramco, the parent company of petrochemical group SABIC, announced on Wednesday, October 27, that it would be injecting the funds into the SABIC site in Wilton, Redcar.
The deal means SABIC's hydrocarbon 'cracker', used to break down chemicals, can be restarted after bein...