Sadara signs supply agreement with Saudi-Korean consortium JV

Sadara signs supply agreement with Saudi-Korean consortium JV

10:21 AM, 30th May 2016
Sadara signs supply agreement with Saudi-Korean consortium JV

JUBAIL, SAUDI ARABIA: Sadara Chemical Company (Sadara) has entered into a supply agreement with Saudi-South Korean consortium joint venture, Surfactants’ Detergent Company (SDC), which plans to build a chemical production facility in PlasChem Park, located in Jubail Industrial City II.

The Saudi/South Korean consortium is comprised of SFC Ltd, a Korean technology provider, and Saudi partners Ahmad K Al-Amoudi Ltd (AKA) and Maydan Industry for Industrial Developments & Investment Ltd (Maydan Industry).

Under the agreement, Sadara will supply ethylene oxide (EO) and propylene oxide (PO) to SDC via pipeline. SDC will specialize in supplying the domestic market’s demand for detergents.   

“This consortium between a Korean Specialty company as technology provider and local Saudi Investors and entrepreneurs is a great model of collaboration, combining local talent pools and knowledge with international experience and expertise. SFC’s interest in entering the Saudi market highlights the global interest we have received for the many opportunities PlasChem Park has to offer,” said Mohammad Alazzaz, Sadara’s value park director.

“This joint venture is an excellent opportunity for us in the SFC and for our Saudi partners. We are creating a surfactants plant which is very advanced technologically and has very good cost efficiency. The joint venture leverages the unique strengths of SFC and our Saudi partners to create substantial value for our stakeholders,” said Hong Jungku, CEO of SFC. 

“The positive impact of the Saudi government’s vision in diversifying the Kingdom’s economy has helped create this alliance with SDC and enabled this deal with Sadara to come to fruition. We greatly appreciate the dedicated support by our colleagues in Sadara and we would also like to extend our thanks and appreciation to the royal commission for Jubail & Yanbu for their support in developing PlasChem Park,” said Khalid Alluhaidan, managing director of Maydan Industry.

© Worldofchemicals News

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


Lukoil, SNF Floerger hold ground breaking ceremony for polymer plant

MOSCOW, RUSSIA: Lukoil Company and SNF Floerger held a ground breaking ceremony for a plant at Saratov, Russia to produce polymers from acrylonitrile. ...

Read more
Single step hydrogen peroxide production could be cleaner, more efficient

MADISON, US: Bottles of dilute hydrogen peroxide sit on shelves in medicine cabinets across the world; yet synthesizing the chemical at the large scal ...

Read more
Technip bags grassroot ethylene furnace contract in Saudi Arabia

PARIS, FRANCE: Technip SA has been awarded a contract by CTCI Corporation to provide basic engineering and proprietary equipment for a grassroots ethy ...

Read more
New coating ensures all ketchup comes out of bottle

MASSACHUSETTS, US: The days of wasting condiments — and other products — that stick stubbornly to the sides of their bottles may be gone, ...

Read more
AkzoNobel inaugurates largest technology center in China

AMSTERDAM, NETHERLANDS: AkzoNobel NV has inaugurated its new €6.5 million, largest technology center in Shanghai, China. The company’s rese ...

Read more
PPG launches Solarban, the first heat control glass

PITTSBURGH, US: PPG Industries has launched Solarban 90 glass, the first heat control, a low-emissivity (low-e) glass engineered with PPG’s prop ...

Read more
www.worldofchemicals.com uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X