Helm to market Chemanol's Saudi DMF output
11 June 2007 13:03 [Source: ICIS news]
LONDON (ICIS news)--Helm has signed an agreement to market up to 60,000 tonnes/year of dimethyl formamide (DMF) for Saudi Arabian producer Chemanol, the German trader said on Monday.
The long-term exclusive agreement comes into effect when Chemanol's DMF plant starts production, planned for the second quarter of 2008.
Chemanol (formerly Saudi Formaldehyde Chemical Co) is building a 230,000 tonne/year methanol plant at Al-Jubail which will feed expanded formaldehyde output and new derivatives capacity, namely DMF, pentaerythritol, methylamines and sodium formate.
Chemanol said the project is a significant step in implementing its strategy to extend the value chain downstream.
DMF is a solvent used in the production of pharmaceutical and agrochemical intermediates, synthetic leather, polyacrylonitrile, spandex fibre and an extraction agent in petrochemicals.
By: Elaine Burridge
+44 20 8652 3214
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