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Arkema and Watan Industrial Investment form organic peroxides JV in Saudi Arabia

10:11 AM MDT | September 30, 2013 | Natasha Alperowicz

Arkema, the world’s second-largest producer of organic peroxides; and Saudi investment company Watan Industrial Investment have signed an agreement for the construction of an organic peroxide production complex at Al Jubail, the companies announced today. The $30-million facility will be the first organic peroxide plant in the Mideast. The investment will help Arkema bolster its leading position in organic peroxides and supports its strategy to expand its high-performance materials business as well as strengthen its presence in fast-growing...

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