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Arkema SA Sign Joint Venture Agreement with Watan Industrial Investment for Construction of Organic Peroxide Production Site on Al Jubail Platform

Monday, 30 Sep 2013 11:40am EDT 

Arkema SA announced that it has signed an agreement with Saudi investment company Watan Industrial Investment for the construction of an organic peroxide production site on the Al Jubail platform, Saudi Arabia. The facility requires an investment of approximately USD 30 million. Organic peroxides are widely used as polymerization initiators in the thermoplastic industry. The Arkema SA - Watan Industrial Investment joint venture will be majority held by Arkema SA, with the latter overseeing the operational management and sales of the site. The plant's startup is scheduled in the first months of 2015. 

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