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Evonik, Tasnee and Sahara Link in Superabsorbents JV in Jubail

6:21 AM MDT | April 26, 2010 | Natasha Alperowicz

Evonik Industries, National Industrialization Co. (Tasnee), and Sahara Petrochemicals signed a heads of agreement in Riyadh today to build a superabsorbents plant at Jubail, Saudi Arabia. Evonik will hold a 25% stake in the yet-to-be named jv and Tasnee and Sahara will have the balance. The plant will be designed to produce 80,000 m.t./year of superabsorbents and start production in early 2013. Evonik, a global leading producer of superabsorbents, will provide its process technology. "This is an important step for the Evonik Group in the growing Middle East...

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