Indorama joint venture building aromatics plant

By Gurdip Singh
Correspondent

Published: January 3, 2014 1:04 pm ET
Updated: January 3, 2014 1:06 pm ET

Related to this story

Topics Materials, Joint Venture, Materials Suppliers

BANGKOK — Thailand’s Indorama Ventures Public Co. Ltd. and Abu Dhabi National Chemicals Co. will form a joint venture to build an aromatics plant in Abu Dhabi.

The agreement, signed Dec. 26, will place the plant at Madeenat Al Gharbia, run by the Abu Dhabi firm which operates under the name ChemaWEyaat.

ChemaWEyaat will own 51 percent of the joint venture, called Abu Dhabi Chemicals Integration Co. LLC, which will run the Tacaamol Aromatics Project. Tacaamol is the Arabic word for integration, according to ChemaWEyaat.

The plant will produce about 1.4 million metric tons of paraxylene and 500,000 metric tons of benzene a year.

Meanwhile, IVL has established a new subsidiary, Indorama Ventures Global Services Ltd. which would act as regional operating headquarters.


Comments

Indorama joint venture building aromatics plant

By Gurdip Singh
Correspondent

Published: January 3, 2014 1:04 pm ET
Updated: January 3, 2014 1:06 pm ET

Post Your Comments


Back to story


More stories

Image

PolyOne says new Shanghai center will ease collaboration across segments

April 24, 2014 2:34 pm ET

PolyOne Specialty Engineered Materials is opening an innovation Center in Shanghai's Jinqiao development zone that will serve as its new Asia Pacific ...    More

Biopolymer firms report success with PHA pilot production

April 24, 2014 1:30 pm ET

Biopolymer developer Meridian Inc. and Tate & Lyle plc have reported successful pilot production of Meridian's process to make polyhydroxyalkanoate,...    More

Songwon acquires division of India's SeQuent

April 24, 2014 12:22 pm ET

Songwon Industrial Group of South Korea has signed a deal with SeQuent Scientific Limited, India to acquire SeQuent's specialty chemicals business.    More

Image

Performance Plastics unit helps lead to increase in sales for Dow Chemical

April 24, 2014 9:57 am ET

Dow reported turnover of $14.5 billion April 23, including an adjusted 6 percent increase in sales at its performance plastics operation, which it...    More

Image

Milliken expanding SC plant for additional PP clarifying agent capacity

April 23, 2014 3:42 pm ET

American chemical company Milliken & Co. has announced plans for a major expansion in capacity for its Millad NX8000 clarifying agent for polypropylen...    More

Market Reports

Market Data Book - Rankings & Lists

A one-stop download of Plastic News' exclusive annual lists and processor rankings containing essential data including sales, employees, end markets, materials and more.
EXCLUSIVE EXCEL FEATURE: full mailing address details for available plant locations.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report provides analysis and discussions of economic and political conditions, market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as strategies being implemented by thermoformed packaging companies. In addition, there are reviews of 25 leading thermoformers in the packaging segment, assessing their growth initiatives and performance metrics over 10 years.

Learn more

Mold Making and Tooling Review and Outlook 2014 North America

This report provides in-depth analysis of the mold and toolmaking market for North America, including discussions of trends, opportunities, threats, the latest developments in production and labor and equipment trends impacting moldmakers.

Learn more

Upcoming Plastics News Events

May 6, 2014 - May 8, 2014Plastics in Medical Devices 2014

May 12, 2014 - May 12, 2014Plastics News Brazil Pharma Summit

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

February 3, 2015 - February 7, 2015Plastics News Executive Forum 2015

More Events