JUBAIL, Saudi Arabia, April 11, 2011 /PRNewswire via COMTEX/ –
Saudi Organometallic Chemicals Company (SOCC), a joint venture equally owned by SABIC affiliate, SPECIALTY CHEM (Saudi Specialty Chemical Company) and Albemarle Netherlands B.V. (a wholly owned subsidiary of Albemarle Corporation (NYSE: ALB)), is pleased to announce that Samsung Engineering has been selected to provide engineering, procurement, and construction (EPC) services for the SOCC Aluminum Alkyls manufacturing facility in Jubail, Saudi Arabia.
“SOCC is pleased with the selection of Samsung,” says Al Saurage, SOCC Executive General Manager. “With Samsung’s history, SOCC is assured of a quality design and construction effort for this facility that will supply a strategic product supporting the polyolefin industry of the region.”
Samsung will immediately begin the detailed engineering in Seoul, Korea. The manufacturing facility will be constructed in Jubail Industrial City, Saudi Arabia, at the SPECIALTY CHEM site, with a mechanical completion date projected for 3Q2012. Mr. Choi, Samsung Engineering VP of Business Development, commented, “We are pleased to have the opportunity to work with SOCC and the parent companies SABIC and Albemarle. Samsung will do its utmost to ensure that the SOCC project is executed in a speedy manner and with outstanding quality and safety records.”
The SOCC facility will initially manufacture 6000MT/yr of Tri Ethyl Aluminum, the key co-catalyst used in polyolefin production. This product is currently supplied to the region from Albemarle’s facilities in Europe, Asia, and North America and will be supplied from the SOCC plant to regional customers upon plant startup.
Albemarle Corporation, headquartered in Baton Rouge, Louisiana, is a leading global developer, manufacturer, and marketer of highly-engineered specialty chemicals for consumer electronics, petroleum refining, utilities, packaging, construction, automotive/transportation, pharmaceuticals, crop protection, food-safety and custom chemistry services. The Company is committed to global sustainability and is advancing its eco-practices and solutions in its three business segments, Polymer Solutions, Catalysts and Fine Chemistry. Corporate Responsibility Magazine selected Albemarle to its prestigious “100 Best Corporate Citizens” list for 2010. Albemarle employs approximately 4,000 people and serves customers in approximately 100 countries. Albemarle regularly posts information to www.albemarle.com, including notification of events, news, financial performance, investor presentations and webcasts, Regulation G reconciliations, SEC filings, and other information regarding the Company, its businesses and the markets we serve.