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Petrochemical industry is the second largest industry in Saudi Arabia. In recent years investment in petrochemicals have increased aiming to exploit the great potential of the sector. There were large players in this sector for decades, such as the state owned Saudi Aramco and the Saudi Basic Industries Corporation (SABIC). These companies are ranked among the world's largest petrochemical producers. In Saudi Arabia there are large proven deposits of hydrocarbons, chemical compounds, ethylene and propylene, benzene and xylene isomers that gives great prospects to the country and the region industrially and for employment generation.
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