Albemarle Corporation says it has formed a joint venture with a Saudi Arabian plastics firm to build a chemical plant in the Middle East. Under the deal with Ibn Hayyan Plastic Products Company, the companies will develop a production facility in Al-Jubail, Saudi Arabia, that manufactures organometallics, compounds that are a combination of organic material and metals. The plant, the first of its kind in the region, will start up in early 2012. The plant will annually produce 6,000 tons of tri-ethyl aluminum equivalents, a compound used for making polyolefins, which are used in flexible foam.
Albemarle announced joint venture with Saudi firm
Sign up for the free Daily Report email – local news about the people, companies and issues that impact business impact business in Baton Rouge and beyond.
