Gulf Oil and Gas accountACCOUNT

Huntsman And Al-Zamil Announce Planned Construction Of New Ethyleneamines Plant

Source: www.gulfoilandgas.com 6/30/2005, Location: Middle East

Huntsman Corporation (NYSE: HUN) and the Al-Zamil Group of Riyadh, Saudi Arabia announced today that they have signed a memorandum of understanding to form a joint venture to build a world-scale ethyleneamines manufacturing facility in Jubail Industrial City, Saudi Arabia.

The 66 million pound (30,000 metric ton) plant will produce ethylenediamine (EDA), diethylenetriamine (DETA), triethylenetetramine (TETA) and higher molecular weight versions such as TEPA, E-100, AEP and piperazine. The products serve as specialty intermediates for a variety of end uses including epoxy curing agents, bonding agents and lube-oil additives for gasoline and diesel engines. The companies anticipate the plant being on line in 2008.

Huntsman and Al-Zamil Group will have equal ownership in the facility. The joint venture will license Huntsman’s proprietary technology that the company has optimized in its U.S. plants. Huntsman will serve as the exclusive sales and marketing arm for the joint venture and will provide technical service and product applications assistance.

Huntsman Vice President of Performance Specialties, Stewart Monteith, commented, “This investment will help meet the growing global demand for ethyleneamines, especially in the Asia Pacific region. It is a critical component of our growth strategy for our amines portfolio. We could not be more pleased with Al-Zamil’s desire to join us in this dynamic business.”

The Al-Zamil Group of Companies and Huntsman also are partners in a maleic anhydride - butanediol manufacturing facility in Saudi Arabia. The GACIC joint venture produces precursors for Spandex® woven fibers.

Huntsman is a global manufacturer and marketer of commodity and differentiated chemicals. Its operating companies manufacture basic products for a variety of global industries including chemicals, plastics, automotive, aviation, footwear, paints and coatings, construction, technology, agriculture, health care, textiles, detergent, personal care, furniture, appliances and packaging. Originally known for pioneering innovations in packaging, and later, rapid and integrated growth in petrochemicals, Huntsman today has revenues of $11.5 billion, 11,300 employees and 62 operations in 22 countries.

Ethylene News in Saudi Arabia >>

Saudi Arabia >>  4/15/2019 - The Saudi Arabian Oil Company (Saudi Aramco) and Hyundai Heavy Industries Holdings today announced that they have reached an agreement for Saudi Aramc...
Qatar >>  4/12/2019 - McDermott International, Inc. (MDR) announced a large* contract award from Qatargas for engineering, procurement, construction and installation (EPCI)...

Saudi Arabia >>  4/5/2019 - McDermott International has signed a Joint Venture Agreement with Zamil Offshore to target the Maintenance, Modifications and Operations (MMO) market ...
Saudi Arabia >>  4/1/2019 - Subsea 7 has announced the award of two contracts from Saudi Aramco for Conventional projects in shallow water offshore Saudi Arabia. ...

Related Categories: Agents, Anti-foaming  Aromatic Solvents  Butene  Cleaning  Corrosion Inhibiting  Crude Oil  Diesel Fuel  Ethylene  Fluids Drilling, Completion, Workover & Stimulation  Fluids/Chemicals  Fracturing Sand  Fuel oil  Gasoline (Lead free)  General  Grout  Jet fuel  Kerosene. Domestic use  Lubricants, Oils & Greases  Nitrogen  Oil Treating & Refining  Polyethylene  Polyvinyl chloride  Propane  Sand, Sandblast  Summer Diesel  Surfactants 

Related Articles: Aromatic Solvents  Butene  Cleaning  Corrosion Inhibiting  Crude Oil  Diesel Fuel  Ethylene  Fluids Drilling, Completion, Workover & Stimulation  Fluids/Chemicals  Fracturing Sand  Fuel oil  Gasoline (Lead free)  General  Jet fuel  Kerosene. Domestic use  Lubricants, Oils & Greases  Nitrogen  Oil Treating & Refining  Polyethylene  Polyvinyl chloride  Propane  Sand, Sandblast  Surfactants 


Saudi Arabia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 |

More News

Related Links

AE BH IL IQ JO KW LB OM QA SA SY YE
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.