The Saudi Basic Industries Corporation (SABIC) has shipped its first consignment of ethanolamines and ethoxylates from its manufacturing plant in Jubail, SAUDI KAYAN, making Saudi Arabia the first ever country in the Middle East to produce and market these advanced products.
This marks the beginning of a new era for the Kingdom and the company in the production of specialty chemicals. The first shipment has gone to customers in Saudi Arabia and the Gulf region. Ultimately customers across the globe will be served.
"This pioneering effort will strengthen our position in the performance chemicals segment, while establishing a platform for the competitiveness and growth of existing users of these materials in the region as well as entrants to the many new industries that can be established with these value added products and the world class services that SABIC brings," said Koos Van Haasteren, SABIC Executive Vice President, Performance Chemicals.
"Thanks to the advanced facilities at SAUDI KAYAN, we hope to be a major supplier of solutions for our customers in Saudi Arabia and the surrounding region. In time, we hope to become an important global supplier of specialties for the production of detergents, personal care products, household and industrial cleaning agents, crop protection products, textile auxiliaries, cement processing chemicals, oilfield chemicals and more," Van Haasteren said.
Ethoxylates are a family of surfactants used to make detergents, household cleaning products, shampoos and personal care products. They are also used widely in industry, in oilfield chemicals and lubricants, textile auxiliaries and agriculture.
Ethanolamines are a group of chemicals derived from ammonia and ethylene oxide used in consumer products, chemical intermediates and in industrial processes.
About SABIC
Saudi Basic Industries Corporation (SABIC) ranks among the world's top petrochemical companies. The company is among the world's market leaders in the production of polyethylene, polypropylene and other advanced thermoplastics, glycols, methanol and fertilizers.
SABIC recorded a net profit of SR 29.24 billion (US$ 7.80 billion) in 2011. Sales revenues for 2011 totaled SR 189.90 billion (US$ 50.64 billion). Total assets stood at SR 332.78 billion (US$ 88.74 billion) at the end of 2011.
SABIC's businesses are grouped into Chemicals, Polymers, Performance Chemicals, Fertilizers, Metals and Innovative Plastics. SABIC has significant research resources with 17 dedicated Technology & Innovation facilities in Saudi Arabia, the USA, the Netherlands, Spain, Japan, India and South Korea. The company operates in more than 40 countries across the world with more than 40,000 employees worldwide.
SABIC manufactures on a global scale in Saudi Arabia, the Americas, Europe and Asia Pacific.
Headquartered in Riyadh, SABIC was founded in 1976 when the Saudi Arabian Government decided to use the hydrocarbon gases associated with its oil production as the principal feedstock for production of chemicals, polymers and fertilizers. The Saudi Arabian Government owns 70 percent of SABIC shares with the remaining 30 percent held by private investors in Saudi Arabia and other Gulf Cooperation Council countries.
Samir Al-Abdrabbuh
Vice President,
Corporate Communications
© Press Release 2012
