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Evonik and Tasnee established JV for the production of superabsorbents

August 17/2011

(Arabian Oil and Gas) -- Evonik Industries and Tasnees 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.

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