By OGJ editors
HOUSTON, June 15 -- BP PLC's petrochemicals and refining subsidiary Innovene and Delta International, a Saudi-owned independent development company, signed a memorandum of understanding (MOU) to begin negotiations to build a world-scale cracker and associated derivative capacity in Jubail, Saudi Arabia.
The cracker's capacity hasn't been determined. The project cost is estimated at $2 billion.
Innovene and Delta will be equal partners in the joint venture.
