Published: Jul 01, 2014
Source: Tadawul


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Sahara Petrochemical Co. announces start of commercial operation of acrylic acid plants complex

Further to previous company announcements on Tadawul regarding Acrylic Acid plants, the latest of which was on 01.04.2014G,(01.06.1435) for Super Absorbent Polymers Plant developments , the company announces that today 01.07.2014G will be the date of commercial operation of Acrylic Acid Plants complex which includes a production Utilities Unit ( 100% owned By Saudi Acrylic Acid), and Acrylic Monomers factory of Saudi Acrylic Monomers Company ( 75%owned by Saudi Acrylic Acid Company, 25% Dow Chemicals Co), and Super Absorbent Polymers factory of Saudi Acrylic polymers company (75%-owned by Saudi Acrylic Acid Company, 25% Evonik of German ) where the necessary tests for commercial operation are completed. It is worth mentioning that it is not possible to measure the financial impact of these plants on the company financials, which would be during the second half of this year, 2014.

It is worth mentioning that Sahara Petrochemicals Co. owns 43.16% of Saudi Acrylic Acid (SAAC).

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