S Arabia’s Basic Chemical Industries extends MoU with Italmatch Middle East

SINGAPORE (ICIS)–Saudi Arabia’s Basic Chemical Industries (BCI) has extended its Memorandum of Understanding (MoU) with Italmatch’s Middle East unit to supply chemicals to Italmatch’s facilities in the PlasChem Park in Jubail Industrial City.

The MoU, first signed in May 2023, was extended to 31 Dec 2025, BCI said in a filing on the Saudi bourse Tadawul on 4 May.

Italy-based Italmatch has extended the timeline on increased scope and additional technical work to modify product processes to match the local market, it added.

The deal involves the supply of chlorine, caustic soda and hydrochloric acid to Italmatch’s facilities.

Financial details of the deal were not disclosed.

Saudi Arabia’s BCI manufactures chlorine gas, hydrochloric acid, caustic soda, and sodium hypochlorite at a site near Dammam, according to the company’s website.