Reuters reported that Saudi based Jubail Chevron Phillips Co petrochemical company is planning to export its first shipment in September 2008.

Saudi Industrial Investment Group in a statement posted on the bourse's website said that Jubail Chevron based in the eastern Saudi city of Jubail will produce an annual 750,000 tonnes of styrene and 150,000 tonnes of polypropylene.

Saudi Industrial Investment Group holds a 50% in Jubail Chevron Phillips Co. Chevron Phillips Chemical Company holds an unspecified stake in Jubail Chevron Phillips Co which was built at a total cost of SAR 4.5 billion (USD 1.2 billion).

It said that the start of commercial operations has been delayed by at least six months on initial launch plans.

Jubail Chevron Phillips Co is the second JV between Saudi Industrial Investment Group and Chevron Phillips Chemical Co.