Clariant: signs MoU with Saudi Kayan for alkoxylates JV
(CercleFinance.com) - Switzerland's Clariant signed a memorandum of understanding with Saudi Kayan to proceed with a manufacturing facility for alkoxylates.
As defined by the agreement, both parties have agreed to evaluate the formation of a joint venture with the aim of establishing a facility comining Clariant's alkoxylates production technology with Saudi Kayan's raw materials facilities.
The plant would be based within Saudi Kayan's petrochemical complex in Jubail, Saudi Arabia.
Alkoxylates are used in a variety of specialty applications in home care, personal care and industrial products.
Saudi Kayan is a division of Saudi Arabia's SABIC, which is Clariant's largest strategic shareholder with a 24.99% stake.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
As defined by the agreement, both parties have agreed to evaluate the formation of a joint venture with the aim of establishing a facility comining Clariant's alkoxylates production technology with Saudi Kayan's raw materials facilities.
The plant would be based within Saudi Kayan's petrochemical complex in Jubail, Saudi Arabia.
Alkoxylates are used in a variety of specialty applications in home care, personal care and industrial products.
Saudi Kayan is a division of Saudi Arabia's SABIC, which is Clariant's largest strategic shareholder with a 24.99% stake.
Copyright (c) 2018 CercleFinance.com. All rights reserved.