22-09-2021
Dorf Ketal & TriBonds Chemical announce new joint venture
Dorf Ketal Chemicals India Pvt Ltd, have entered into a Joint Venture (JV) agreement with TriBonds Chemical Co. (Dammam, 2nd industrial city, KSA).
This venture, Dorf ketal-TriBonds will cater to the ever growing demand for specialty chemicals in Hydrocarbon & water industries. The JV was finalized amidst the pandemic to prepare for increased focus in the KSA markets for both the participants.
This new JV, will leverage complementary strengths to meet the growing industry demands, bringing in innovations to critical applications such as; Drag Reducing Agents for pipeline applications, Clean Fuels, Coke retarders for the petrochemical industry, Green Retarders for Styrene production with water treatment in a region where water conservation becomes ever more critical. It is noteworthy to mention that all these technologies will increase sustainability offerings to the chemical industry. The new JV will actively participate in the Kingdoms’ 2030 vision by increasing the local raw materials content and creating local employment opportunities. Technology localization will enhance workforce development, aligning with Saudi Aramco’s In-Kingdom Total Value Add program (IKTVA).
Mr. Sudhir Menon (Chairman and Managing director for Dorf Ketal) stated “This new JV is critical for the development and growth of Dorf Ketal in the region and allows us to participate, with a valued partner, in the exciting vision of a rapidly growing dynamic country. It brings a new vehicle, that with the help and strengths of Tribonds Chemical will allow us to contribute to the growth and development of the Saudi Arabia Hydrocarbon Industry, while bringing innovative approaches to solving the critical industry issues of Flow assurance, Plant integrity and Water conservation. Further, this JV will enable us to offer and ensure high-quality service delivery to our valuable customers not only within Saudi Arabia but also neighboring regions”
Mr. Abdulaziz Abdulhadi Al-Qahtani (Chairman - TriBonds Chemical Co.) stated “The new Jv brings proven patented innovation & technologies in water and process applications. In addition, decades of a global experience & expertise. Security of specialty chemicals supply is ever vital for major refineries and petrochemicals operations in the region. The new entity would add and assure sustainability through the local manufacturing footprint at Dammam 2nd industrial city. Reinforcing social responsibility commitments, participating in the country’s 2030 Vision, and meet environmental, and social responsibility expectations across the MENA region”
News Category:
-
Beyond processbook & PI vision: Exploring today’s industrial analytics tools
(Webinar) - In the Manufacturing 4.0 era, industrial organizations have more data at their fingertips than ever, offering the promise of higher production rates, more ...
04-06-2024
-
Sasol provides state of the art catalysts to INERATEC for the production of sustainable e-fuels
The catalysts will be used, among others, in the first large-scale industrial Power-to-Liquid (PtL) plant that INERATEC is currently building in Frankfurt, Germany, which ...
24-04-2024
-
Baker Hughes to supply 17 centrifugal compressors to Saudi Master Gas System project
Baker Hughes, an energy technology company, announced Tuesday that it has received an order by Worley, for and on behalf of Aramco, to supply gas technology equipment ...
23-04-2024
-
SABIC Fujian Petrochemicals select Phenol yechnology from KBR
KBR announced today it has been awarded a contract by SABIC Fujian Petrochemicals to license KBR's market-leading phenol technology in China. Under the terms of the ...
22-04-2024
-
Lummus Expands R&D capabilities to enhance innovation and water and wastewater technologies
Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced the opening of its cutting-edge research and development (R&D) ...
17-04-2024
-
Clariant launches new CATOFIN® 312 propane dehydrogenation catalyst
Clariant, a sustainability-focused specialty chemical company, today announced the launch of CATOFIN 312, its latest propane dehydrogenation catalyst. The new catalyst ...
16-04-2024
-
Yokogawa and GridBeyond conclude investment and strategic partnership agreements
Yokogawa Electric Corporation and energy IT solutions provider GridBeyond of Ireland announce that they have concluded a strategic partnership agreement. Furthermore, ...
16-04-2024
-
Heraeus Precious Metals launches Circlear
Heraeus Precious Metals, a globally leading company in the precious metals industry and one of the largest recyclers of precious metals, has introduced its new offering ...
16-04-2024
-
EMA and JERA to cooperate on LNG procurement and supply chains
The Energy Market Authority and JERA Co Inc, have signed a Memorandum of Understanding to cooperate on mutually beneficial areas in liquefied natural gas procurement ...
16-04-2024
-
Hexagon and Dragos unveil technical partnership to strengthen industrial cybersecurity
Hexagon’s Asset Lifecycle Intelligence division today announced a strategic partnership with Dragos, a global leader in cybersecurity for operational technology (OT). ...
16-04-2024