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.
More MEED petrochemicals coverage
- Middle East Petrochemicals 2013 conference preview
- Sabic and Mitsubishi to release Saudi petrochemicals tender (subscribers only)
- Saudi Aramco starts selling Sadara sukuk (subscribers only)
- Al-Karaana awards Fluor feed contract for $6.4bn petrochemicals project (subscribers only)
- Company profile: Sahara Petrochemicals Company