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Evonik Industries and Saudi Acrylic Acid Company established a joint venture

August 29/2011

(Plastemart) -- Evonik Industries and Saudi Acrylic Acid Company (SAAC) have established a joint venture called Saudi Acrylic Polymers Company (SAPCo) for the production of superabsorbents. SAAC is a joint venture of the Saudi companies National Industrialization Company (Tasnee) and Sahara Petrochemicals. The production facility with the capacity of 80,000 metric tpa is scheduled to begin production in late 2013. The total investment will be in the triple-digit million Euro range. The EPC-contract will be assigned to Fluor. 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 favorably priced propylene feedstock from the adjacent cracking facility operated jointly by Tasnee, Sahara and Lyondell Basell.

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