GPCA Insight Newsletter: Perstorp Enters Mideast Through Deal with Chemanol

Perstorp (Perstorp, Sweden), a niche specialty chemicals producer, is eager to grow its business in the Middle East, says CEO Bo Dankis. The company entered the Middle East market last year via a deal to license its pentaerythritol (penta) technology to Methanol Chemicals Co. (Chemanol; Dammam, Saudi Arabia), formerly Saudi Formaldehyde Chemical Co. Chemanol will build a 20,000 m.t.-25,000 m.t./year penta plant at its Al Jubail, Saudi Arabia complex and Perstorp will market the entire output in Middle East and Asian markets, under the terms of the deal, Mats...

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