TAQA buys 25% stake in oilfield chemicals firm OPT

Headquartered in Houston, OPT is a fast-growing oilfield chemicals company focusing on providing specialty chemicals for well construction and stimulation.
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Updated 15 November 2020

TAQA buys 25% stake in oilfield chemicals firm OPT

Saudi Arabia’s Industrialization and Energy Services Company (TAQA) announced that it has agreed to acquire a 25 percent stake in OPT Petroleum Technologies Company Limited. Headquartered in Houston, with a presence in China, Southeast Asia, and the UAE, OPT is a fast-growing oilfield chemicals company focusing on providing specialty chemicals for well construction and stimulation. 

TAQA’s strategic partnership with OPT secures access to world-class specialty chemicals and products, which comprise a key component of the success and differentiation of TAQA’s services. Inspired by Saudi Aramco IKTVA program and aligned with TAQA’s corporate strategy, an investment of more than SR10 million ($2.7 million) in OPT will build a local chemical research, engineering, and manufacturing facility in Dhahran, with a mandate to introduce new engineering solutions, create more jobs and promote local content of product and chemical research and development in the Kingdom.

Khalid Nouh, TAQA chief executive, said: “Our Operations Chemicals Laboratories in Dammam 2nd Industrial City is a testament to TAQA’s growth strategy in chemical operations, and partnering with OPT will further cement our capabilities into oilfield chemicals research, engineering, and manufacturing, supporting TAQA’s technology development ambitions.”

Nouh added: “The local OPT Research, Engineering and Manufacturing Facility in Dhahran will expand the Kingdom’s chemical footprint and enable entry into specialty chemicals to address oil and gas well performance and integrity. We at TAQA are very proud of this milestone and look forward to continuing leading the way as a true local champion in oilfield services and equipment.” 

Zhijun Xiao, CEO of OPT, said: “We are pleased with the partnership with TAQA, which will facilitate OPT to come in full force in the Kingdom to support our clients with chemical products, technologies, and services.”

He added: “We have been an industry leader in developing and servicing oilfield chemical technologies globally, and this collaboration will further allow us to manufacture chemicals locally in Saudi Arabia and will be able to support the IKTVA initiative. This unique opportunity will allow us to expand to other business lines and come one step closer to Saudi Aramco and other clients operating in the Middle East and Asia.”

The combination of TAQA and OPT resources will facilitate an increased service offering for customers and bring international technology developers to establish a presence in the Kingdom, in line with Saudi Arabia’s Vision 2030.

Established in 2003, TAQA is collectively owned by the Kingdom’s Public Investment Fund and a host of prominent Saudi joint-stock companies and institutional investors.

SABIC launches anti-fog film for COVID visors

Updated 28 November 2020

SABIC launches anti-fog film for COVID visors

SABIC, a global leader in the chemical industry, has announced the successful commercialization of an anti-fog film it designed especially for COVID-19 protection equipment, such as safety face shields and goggles, used in frontline work environments.

Lexan HP92AF features a one-sided coating that extends the time-to-fog even at very high ambient humidity, ensuring long-lasting optical clarity. The product has confirmed its superior anti-fog performance in extensive testing under the harshest conditions. It does not exhibit any hazing at saturation as could be observed with competitive materials. Moreover, the anti-fog coating technology has no compromising effect on the abrasion resistance and impact strength of the polycarbonate film.

“We have identified a gap in the market when it comes to the effective protection of frontline workers against the COVID-19 pathogen. In work environments subjected to sudden temperature changes and high humidity, visors and safety goggles often fail to provide adequate long-term anti-fog performance. This forces workers to either not wear such visors and safety goggles at all or to take these off for frequent wiping,” said Ahmet Kizilirmakli, senior business manager Americas, SABIC.

“Our new Lexan HP92AF anti-fog film offers the solution many companies have been looking for. Excellent optical quality and high-impact strength of polycarbonate combined with our advanced anti-fog technology make the product the ultimate choice for face shields and other clear view personal protection equipment with long-lasting optical clarity in these environments,” he added.

Besides visors, face masks and safety goggles, other targeted applications include motorcycle visors, ski goggles, automotive cluster lenses, medical instrument lenses and displays as well as industrial lenses.

SABIC’s new anti-fog film product shows excellent die cutting and printability. The anti-fog film is thermoformable and withstands repeated cleaning with lukewarm water, mild soap solutions, or common glass cleaners.

With a width of 48 inches, Lexan HP92AF is globally available in a wide range of gauges from 7 to 30 mil (178 to 752 µm).

“The rapid commercialization of Lexan HP92AF anti-fog film underscores our commitment to helping our customers enhance the protection of frontline workers against COVID-19,” said Mark Troszak, film segment leader at SABIC.

“In high-humidity environments, the time-to-fog makes a difference. This product can ensure optimum optical clarity over extended periods, allowing the users of face shields and other transparent safety equipment to concentrate on their jobs safely without being impaired by fogging,” he added.

Troszak said that SABIC has the capability to satisfy customer-specific requirements by adapting this technology to other existing Lexan-coated film solutions.