German speciality chemicals group assessing raw materials availability in the region
German speciality chemicals producer Lanxess is considering several production projects in the GCC region, according to its vice president and managing director, Elie Saad.
“We have several projects we are looking at,” Saad told the MEED Middle East Petrochemicals 2013 conference in Dubai. “We are doing the feasibility and assessing raw materials availability.”
Lanxess, a spin-off company from German chemicals and pharmaceuticals group Bayer in 2004, specialises in the production of synthetic rubber, plastics and fine chemicals.
A major challenge in investing in the GCC is acquiring the necessary allocations of feedstock, said Saad. Lanxess requires a stable supply of butadiene to build downstream chemicals operations.
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