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Arkema forms oilfield chemicals JV, closes coating resins unit

11:23 AM MDT | May 26, 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 Dammām, Saudi Arabia. The jv will acquire a storage and blending facility at Ad Dammām 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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