DAMMAM, 9 December 2006 — The Dammam7 Petrochemical Company recently signed an agreement with two multinationals, Dow Chemical Company and Devy Technology, to start a new butanol plant accompanied by technology-transfer in the Jubail-1 Industrial City. The factory to be commissioned in 2008 will have an annual manufacturing capacity of 80,000 metric tons.
Badr Abdulaziz Kanoo, chairman of the board of directors of the Dammam-based Dammam7 Petrochemicals said: “The company selected Dow because of its international reputation for technological expertise in the field of petrochemical manufacturing engineering. A first in the Middle East region, the plant will be part of a petrochemical complex with a target of manufacturing 200,000 metric tons of acrylic acid and its derivatives which is key factor in the Saudi downstream industry.”
The chairman also acknowledged the support offered by the Royal Commission for Jubail and Yanbu and the Industrial Development Fund for facilitating the establishment of the company.
Kanoo said the Dammam7 concluded earlier several agreements with some companies from Europe, America and China to set up plants in Jubail-1 for the manufacturing of the Acrylic Acid and Butanol and their derivatives at a total cost of SR1.5 billion in an area covering 240,000 square meters.
The company’s products, particularly propylene, play a significant role in the petrochemical industry in the Kingdom besides exporting to the regional and international markets
