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Article: Arabian American Development Signs New Contract With Petrochemical Joint Venture in Middle East.
- Article from:
- Marketing Weekly News
- Article date:
- September 19, 2009
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Arabian American Development Co. (NASDAQ:ARSD), a leader in the specialty petrochemicals industry, announced that its petrochemical subsidiary, South Hampton Resources, Inc., has signed a three-year contract with a new customer. This customer is a joint venture between a major European petrochemical manufacturer and a Middle Eastern national petrochemical company. The Company will deliver a volume of over 5 million pounds annually for 100% of the supply of high purity C5's to the joint venture's state-of-the-art polyethylene facility. Product began shipping early in 2009 on a trial basis, and the contract which became effective August 2009, is the result of successful ...