Geleen-Saudi Basic Industries Corp. (Sabic) said it has signed a long-term contract with Oiltanking Stolthaven Antwerp for the uninterrupted supply of feedstock to Sabic's two "major" naphtha cracking facilities in Geleen, the Netherlands. Under the agreement, Oiltanking Stolthaven will provide "state-of-the-art" storage with zero-emission tanks that exceed Belgian environmental regulations. Value of the contract was not disclosed.
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