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Albemarle and Sabic Form Organometallics Catalyst JV at Al Jubail

8:27 AM MDT | October 27, 2009 | Natasha Alperowicz

Sabic's affiliate Ibn Hayyan Plastic Products Co. (TAYF) and Albemarle Corp. have signed an agreement to form a 50-50 joint ventrue, Saudi Organometallic Chemicals Co. (SOCC), to build a world-scale organometallics production facility at Al Jubail, Saudi Arabia, the first such plant in the Middle East. Initial estimates put the investment cost at approximately SR300 million ($80 million). The new facility will have capacity to produce 6,000 m.t./year of tri-ethyl aluminum equivalents. The product is used primarily as a co-catalyst in Ziegler-Natta...

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