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Evonik in Ras Tanura Talks; IPO Still Planned

10:26 AM MST | December 15, 2008 | Natasha Alperowicz in Dubai

Evonik Industries is in talks to invest in production based on C4 chemistry at a petrochemical complex being built jointly by Saudi Aramco and Dow Chemical at Ras Tanura, Saudi Arabia, CW has learned. “We are in advanced conversations with the Dow-Aramco team regarding Ras Tanura,” says Klaus Engel, chairman-elect of Evonik. Engel takes the helm at Evonik on January 1, 2009. He was speaking to CW on the sidelines of the recently held Third Annual Gulf Petrochemicals and Chemicals Association Forum in Dubai. Engel: In ‘advanced...

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