Saudi Arabia: Surfactant Production Saudi-Korean Joint Venture to Establish New Company in Industrial Park
Saudi Gazette reports that a new joint venture has been signed between Maydan Industry for Industrial Development & Investments, Ahmad Kassim Al-Amoudi Group and the South Korean technology company SFC, to establish a $ 50 million manufacturing plant in Plaschem Park in the kingdom’s Jubail Industrial City 2.
Riyadh/Sauid Arabia — As part of the agreement the new company Surfactant Detergent Company (SDC) will be established. The new facility will produce a range of surfactants, which are specialty chemicals used in the production of detergents and other applications.
A new company named the Surfactant Detergent Company (SDC) will be established as part of the JV agreement. The company will be based in Plaschem Park, a chemical and conversion industrial park adjacent to Sadara Chemical Company in Jubail Industrial City 2 developed jointly by Sadara Chemical Company and the Royal Commission for Jubail and Yanbu. The JV agreement follows a long-term supply agreement for Ethylene Oxide (EO) and Propylene Oxide (PO) signed previously between Sadara and the SDC partners which will be supplied though dedicated pipelines constructed by Sadara.
According to Saudi Gazette, SDC will be the first company in the region to use the very latest Korean technology developed by SFC.