On 12th March Chemicals Northwest and UKTI Northwest hosted Mr Mohammad A. Alazzaz, from Sadara Chemical Company in Saudi Arabia, who presented on PlasChem Park, the 12 sq km park in Jubail adjacent to the new SATORP refinery and SADARA chemical complex.
Mr Alazzaz outlined the opportunities within the Conversion Park area for “off-take” companies of Sadara’s EO/PO, PE and elastomers, amines, glycol ethers, isocyanates, polyols and propylene glycols. Off-takers of C4‘s pygas and pyoil would suit investors in the Chemical Park area. Sadara Chemical Company hope to attract the “missing middle” in Saudi Arabia, namely small to medium sized entrepreneurial companies.
Julian Birchett, from the UKTI NW Strategic Alliance Service, then clarified how UK downstream petrochemical businesses, ready for strategic growth into KSA to enhance business in the MENA region, could utilise financial assistance from the Wa’ed entrepreneurship company and, potentially, British Offset.
After the presentations delegate companies met with Mr Alazazz on a one-to-one basis to discuss their interest in the initiative.
