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Chemical Week Magazine :: Business & Finance :: Europe/Mideast
Arkema forms oilfield chemicals JV, closes coating resins unit
6:56 AM MDT | May 23, 2014 | —Ian Young and Francinia Protti-Alvarez
Arkema says that its Ceca filtration and adsorption subsidiary has established a joint venture with Watan Industrial Investment (Riyadh) to operate an oilfield chemicals blending plant and storage facility at Ad DammÄm, Saudi Arabia. The jv will acquire a storage and blending facility at Ad DammÄm under the terms of the partnership. The facility is scheduled to become operational in the second half of 2014. Ceca owns the majority of the jv and, until now, had had no commercial or industrial presence in Saudi Arabia, Arkema says. The company’s oilfield...
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