Italmatch Chemicals Group, a leading global specialty chemical group focused on the production and marketing of performance additives for water and process treatment, oil & gas, industrial lubricants and plastics, and Biolab Arabia Ltd, a leading manufacturing and service provider in Saudi Arabia, have signed a joint venture agreement to incorporate in the Kingdom of Saudi Arabia. The two chemical companies join forces to create a new regional Saudi leading player focused on local manufacturing, to produce and sell ready-to-use specialty chemicals and solutions for industrial water and process treatment with a focus on desalination (thermal and membrane based) applications in the Gulf Region as well as on Oil & Gas.
Italmatch Chemicals Group has been working in the Kingdom of Saudi Arabia for several years. Through its engagement in the Kingdom, in addition to the present Biolab JV and including the incorporation of Saudiphos with local partner SADIG, Italmatch Group is strengthening its presence in the local market by establishing a full integrated phosphorus chemistry in KSA and consolidating its leadership in Desalination solutions through local production.
Italmatch Chemicals Group’s CEO, Sergio Iorio, said: “We know Biolab Arabia since many years of close cooperation, and we highly regard Biolab as the best possible Partner in Downstream local production for the Water & Oil markets: this joint venture represents the opportunity to have local production and marketing in the Kingdom of Saudi Arabia.”
Biolab Arabia Ltd., which is part of Al-Hejailan Group currently has two manufacturing units in the same plant producing under license from global leading technology providers with a combined production capacity of over 80,000 metric tons annually.
