Sahara, Maaden build caustic soda-ethylene dichloride complex

Sahara, Maaden to build caustic soda-ethylene dichloride complex

11:04 AM, 9th June 2011
Sahara, Maaden to build caustic soda-ethylene dichloride complex

Sahara declared signing the shareholders agreement with Maaden to build CA-EDC complex and an off take agreement to supply Maaden with the whole produced quantity of the concentrated caustic soda.

 

JUBAIL, SAUDI ARABIA: As per an earlier announcement by Saharas, published in Tadawul on 30 November 2010, Sahara declared signing an agreement with Saudi Arabian Minding Company (Maaden). The project will be financed through SIDF and commercial banks loans.

 

As per a shareholders agreement - Sahara Petrochemicals Company and Saudi Arabian Mining Company (Maaden) will build CA-EDC complex in Sahara Petrochemicals Company site located in Jubail Industrial City with an investment of $ 750 million. Additionally, signing an off take agreement, the two companies agreed that Sahara will supply all the produced quantity of concentrated caustic soda to Maaden to be utilized in its alumina refinery project in Ras Alzur.

 

The project capacity is 250,000 tpa of concentrated caustic soda and 300,000 tpa of EDC. Sahara and Maaden shall hold 50 per cent of the projects capital for each. The project shall utilize UHDEs technology of Germany and will be completed by the 4th quarter of 2012.

© WOC 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


KBR licenses Aniline technology to Connell in China

  Houston, Texas: KBR has received a contract by Inner Mongolia Connell Chemical Industry Co Ltd. (Connell) to provide licensing, basic engine ...

Read more
Turning off cancer’s growth signals

  Biological engineers’ new approach to shutting down cell division could lead to new cancer drugs. This works on the idea, that cancer ce ...

Read more
Mylan gets approval for generic version of effexor XR(R) capsules

PITTSBURGH, US: Mylan Inc’s subsidiary Mylan Pharmaceuticals Inc has received final approval from the US Food and Drug Administration (FDA) for ...

Read more
Mitsui & Co to acquire MBS, subsidiary of Mercian Corporation in Japan

TOKYO, JAPAN: Mitsui & Co Ltd has decided to acquire a 100 per cent stake in MBS Co Ltd, a wholly owned subsidiary of Mercian Corporation that wil ...

Read more
Elevance acquires Delta BioFuels facility in Natchez

  NATCHEZ, US: Elevance Renewable Sciences Inc has acquired the Delta BioFuels facility in Adams County. The company intends to convert the faci ...

Read more
BioAmber raises $ 45 million in series B funding round

MINNEAPOLIS, US: BioAmber Inc has raised $ 45 million in a series B financing that will accelerate the commercialization of succinic acid and modified ...

Read more