To the extent that a party's interest is diluted to less than 10%, its ownership interest in the Joint Venture will be converted into a 2% net smelter royalty capped at US$20 million.

26 May 2014 SABIC Industrial Investment Company (owned 100% by SABIC) and the Korean petrochemical company, SK Global Chemical, signed a 50-50 joint venture agreement today May 26,2014 for a total ...