Monday, Apr 11, 2011
RIYADH (Zawya Dow Jones)--Saudi Basic Industries Corp. (2010.SA), or Sabic, the Middle East's largest listed company, said Monday its joint venture with Albemarle Netherlands has selected Samsung Engineering Co. Ltd. (028050.SE) to construct an aluminum alkyls manufacturing facility in Jubail.
Samsung will provide engineering, procurement and construction services for the plant owned by Saudi Organometallic Chemicals Co., or SOCC, a joint venture between Sabic affiliate Saudi Specialty Chemical Co. and Albemarle, Sabic said in an emailed statement.
The South Korean firm will immediately begin the detailed engineering in Seoul and is expected to mechanically complete the project in the third quarter of next year. The SOCC facility will initially manufacture 6,000 metric tons a year of triethyl aluminum, the key co-catalyst used in polyolefin production.
Triethyl aluminum is currently supplied to the region from Albemarle's facilities in Europe, Asia and North America and will be supplied from the SOCC plant to regional customers upon plant startup.
-By Summer Said, Dow Jones Newswires; +966-546-842373; summer.said@dowjones.com
Copyright (c) 2011 Dow Jones & Co.
(END) Dow Jones Newswires
11-04-11 1042GMT
