Evonik looks for GCC partners

28 November 2012

German petrochemicals company hoping to increase regional footprint

German petrochemical company Evonik Industries is looking to sign more partnership agreements with Middle East firms.

Speaking at the Gulf Petrochemicals & Chemicals Association (GPCA) conference held in Dubai the chairman of Evonik, Klaus Engel, said that his company was looking to sign deals with local partners and help the region lengthen its hydrocarbon value chain.

Evonik already have an agreement with Saudi Arabian petrochemical companies Saudi companies National Industrialisation Company (Tasnee) and Sahara Petrochemicals. The Saudi Acrylic Polymers Company will produce 80,000 tonnes-a-year of superabsorbent plastics when it is fully commissioned in 2013.

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