|
|
Article: Albemarle and Saudi Basic Industries Corporation (SABIC) Affiliate, TAYF, Create Saudi Organometallic Chemicals Company (SOCC), a Strategic Catalysts Joint Venture.
- Article from:
- PR Newswire
- Article date:
- October 27, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
New 50/50 Joint Venture Will Build First World-Scale Organometallics Catalyst Plant in the Middle East
BATON ROUGE, La., Oct. 27 /PRNewswire-FirstCall/ -- Albemarle Corporation, http://www.albemarle.com/, a global leader in the production of innovative specialty catalysts, announced today that it will form a 50/50 joint venture with Ibn Hayyan Plastic Products Company (TAYF), an affiliate of Saudi Basic Industries Corporation (SABIC), called Saudi Organometallic Chemicals Company (SOCC). Under the terms of the joint venture agreement, the two parent companies will build a world-scale organometallics production facility strategically located in the Arabian Gulf ...