Home / NEWS / Saudi, Huntsman launch $288m petchem complex

Saudi, Huntsman launch $288m petchem complex

by Arabian Oil & Gas Staff on Feb 28, 2010

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Huntsman Corp and Saudi family-owned conglomerate Zamil Group on Saturday started production at joint-venture plant that will add 6.5 percent to global ethylene amines supply, state media said.

The 50-50 partners spent 1.08 billion riyals ($288 million) to build the plant owned by Arabian Amines Co, the official SPA news agency reported. The plant starts at a production capacity of 27,215 tonnes per annum but it can be increased to 41,000 tonnes. The product will be marketed by Huntsman in Asia and Europe.

Ethylene amines are used in various applications including asphalt, fuel additives, bleaches, corrosion inhibitors and fabric softeners. (Reuters)

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irshad (Mar 1, 2010)
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