Kayan, Samsung to build amines unit in Al-Jubail

28 May 2007 07:39  [Source: ICIS news]

SINGAPORE (ICIS news)--Saudi’s Kayan Petrochemical and South Korea’s Samsung Engineering have signed a contract to set up an amines factory in Kayan’s complex in Al-Jubail Industrial City, sources from Samsung said on Monday.

 

They were, however, unable to confirm details of the project.

 

Kayan officials couldn’t be immediately reached for comment.

According to the Kuwait News Agency, the capacity of the plant is 210,000 tonnes/day or 5.6m tonnes/year, with operations expected in 2010.

Saudi Basic Industries Corp (SABIC) owns a 35% stake in Kayan while Kayan has 20%. The remaining 45% is held by shareholders following a recent initial public offering (IPO).

By: Jeanne Lim
+65 6780 4359

< previous article(VIDEO - ICIS news Europe Lunchtime Bulletin 27 October 2009)

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly