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(Arabian Oil and Gas) --
Evonik Industries and Tasnee’s subsidiary Saudi Acrylic Acid Company (SAAC) have
established a joint venture called Saudi Acrylic Polymers Company (SAPCo) for
the production of superabsorbents.
The production facility has a production is capacity of 80
KTa scheduled to begin production in late 2013. “The total investment will
be USD 373.3m (SAR1.4bn),” Tasnee said in a statement.
The SAPCo superabsorbent production is part of a new acrylic acid and
derivative complex on the Tasnee premises of the Al Jubail chemical park in
Saudi Arabia and will benefit from the subsidised propylene price from the
adjacent cracking facility operated jointly by Tasnee, Sahara, and Lyondell
Basell.
The joint venture will be equipped with state-of-the-art Evonik
superabsorbent technology and will benefit from the advantageous local source
materials supply. The acrylic acid for the production of superabsorbents will
come from an adjoining SAMCO facility.
mrcplast.com
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