Sadara Chemical Company will supply
chemicals to Saudi and South Korean consortium Surfactants’ Detergent Company (SDC),
a joint venture that will build a chemical production facility in Jubail
Industrial City’s PlasChem Park.
“We welcome the interest of Korean
SME’s to participate in our specialty chemicals market, which is growing
rapidly in line with the move to diversify the Kingdom’s economy,” Sadara
Value Park Director Mohammad Alazzaz. “This consortium between a Korean specialty company as technology provider and local Saudi investors and
entrepreneurs is a great model of collaboration, combining local talent pools
and knowledge with international experience and expertise. SFC’s interest in
entering the Saudi market highlights the global interest we have received for
the many opportunities PlasChem Park has to offer.”
SDC consists of Korean technology provider
SFC Ltd and Saudi’s Ahmad K. Al-Amoudi Ltd and Maydan Industry for Industrial
Developmentes and Investment Ltd. The agreement specifies that Sadara will
provide SDC with ethylene oxide and propylene oxide.
“This joint venture is an excellent
opportunity for us in the SFC and for our Saudi partners,” SFC CEO Hong Jungku said. “We are creating a surfactants plant which is very
advanced technologically and has very good cost efficiency. The joint venture
leverages the unique strengths of SFC and our Saudi partners to create
substantial value for our stakeholders.”
