Evonik, Tasnee and Sahara ink Saudi superabsorbents joint venture deal

摘要

Evonik Industries and Saudi Acrylic Acid Company (SAAC) have established a joint venture called Saudi Acrylic Polymers Company (SAPCo) for the production of superabsorbents. SAAC is a joint venture of the Saudi companies National Industrialization Company (Tasnee) and Sahara Petrochemicals. The production facility with an annual capacity of 80,000 metric tonnes is scheduled to begin production in late 2013. The total investment will be in the triple-digit million Euro range.