TAQA, Halliburton to build chemicals plant in Saudi Arabia's Jubail Industrial City.

The Industrialization & Energy Services Company (TAQA) and Halliburton Multi-Chem recently signed a joint venture agreement to build an industrial complex to produce specialty chemicals related to the oil and gas and energy sectors.

The complex will be located in PlasChem Park in Jubail Industrial City II, which is a collaborative effort between Sadara Chemical Company and the Royal Commission for Jubail and Yanbu (RCJY).

The construction of the complex is expected to begin in 2015 and is set for completion in Q4 2016.

The new JV aims to support exploration and production operations in Saudi Arabia and offer chemical products needed locally and in other Middle East markets. Additionally, the plant will also provide specialty chemicals to serve local and international oil and gas, water, and power sectors.


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