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Article: Albemarle and Saudi Basic Industries Corporation (SABIC) Affiliate, TAYF, Create Saudi Organometallic Chemicals Company (SOCC), a Strategic Catalysts.(Company overview)
- Article from:
- Albawaba.com
- Article date:
- November 3, 2009
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Summary: New 50/50 Joint Venture Will Build First World-Scale Organometallics Catalyst Plant in the Middle East
Albemarle Corporation, (NYSE:ALB) 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 Industrial City of Al-Jubail.
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