Al Hejailan, Dow to build petchem plant
01 December 2020
Al Hejailan Group, a major engineering and contracting firm in Saudi Arabia, has joined hands with global industrial group Dow to create a new company that will design, build and operate a polyacrylic acid (PAA) and emulsion polymers plant at Plaschem Park in the kingdom.
The new joint venture company will have Al Hejailan as the majority shareholder with a 75 per cent stake and Dow with the rest. This partnership will enable Al Hejailan and Dow to meet growing customer demand for coatings and water treatment applications in Saudi Arabia and the broader Middle East region, as well as penetrate new markets.
The upcoming plant at the Plaschem Park will be built and operated by Al Hejailan Group, while Dow will be responsible for the marketing of the plant’s production.
Construction work is set to begin in 2021 and production is expected to come on-stream in 2023.
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