Saudi Arabia: Engineering Clariant Signs MOU with Saudi Kayan to Explore JV Prospects
Editor: Ahlam Rais
The joint venture will aim at constructing an alkoxylates manufacturing facility within Saudi Kayan’s Petrochemical Company complex in Jubail Industrial City.
The MOU between Clariant and Saudi Kayan is a part of further evaluation of additional collaborative businesses opportunities between Clariant and Sabic.
(Source: Deposit Photos)
Muttenz/Switzerland – Clariant has recently announced that it has signed a Memorandum of Understanding (MOU) with Saudi Kayan, a Saudi joint stock company leading in the field of chemicals, polymers and specialty products.
As defined by the MOU, both parties have agreed to evaluate the formation of a joint venture with the aim of establishing a manufacturing facility for alkoxylates. This facility is planned to combine Clariant’s alkoxylates production technology with Saudi Kayan’s raw materials and would therefore be based within Saudi Kayan’s Petrochemical Company complex in Jubail Industrial City, Saudi Arabia.
Alkoxylates are a downstream product of ethylene oxide and are used in a variety of specialty applications in Clariant’s home care, personal care and industrial applications segments.
Major Plant EngineeringGROAB is a project database for international major plant engineering and construction. You can find more than 5500 projects within 13 categories. Learn more about GROAB and test the database.
Saudi Kayan is an affiliate of Saudi Basic Industries Corporation (Sabic). Sabic is also Clariant’s largest strategic anchor shareholder with a 24.99 % stake. This MOU between Clariant and Saudi Kayan is a part of the further evaluation of additional collaborative businesses opportunities between Clariant and Sabic, as previously communicated by both parties.
Unfold for details of your consent
Stand vom 23.03.2021
Naturally, we always handle your personal data responsibly. Any personal data we receive from you is processed in accordance with applicable data protection legislation. For detailed information please see our privacy policy.
Consent to the use of data for promotional purposes
I hereby consent to Vogel Communications Group GmbH & Co. KG, Max-Planckstr. 7-9, 97082 Würzburg including any affiliated companies according to §§ 15 et seq. AktG (hereafter: Vogel Communications Group) using my e-mail address to send editorial newsletters. A list of all affiliated companies can be found here
Newsletter content may include all products and services of any companies mentioned above, including for example specialist journals and books, events and fairs as well as event-related products and services, print and digital media offers and services such as additional (editorial) newsletters, raffles, lead campaigns, market research both online and offline, specialist webportals and e-learning offers. In case my personal telephone number has also been collected, it may be used for offers of aforementioned products, for services of the companies mentioned above, and market research purposes.
In case I access protected data on Internet portals of Vogel Communications Group including any affiliated companies according to §§ 15 et seq. AktG, I need to provide further data in order to register for the access to such content. In return for this free access to editorial content, my data may be used in accordance with this consent for the purposes stated here.
Right of revocation
I understand that I can revoke my consent at will. My revocation does not change the lawfulness of data processing that was conducted based on my consent leading up to my revocation. One option to declare my revocation is to use the contact form found at https://support.vogel.de. In case I no longer wish to receive certain newsletters, I have subscribed to, I can also click on the unsubscribe link included at the end of a newsletter. Further information regarding my right of revocation and the implementation of it as well as the consequences of my revocation can be found in the data protection declaration, section editorial newsletter.