Saudi Kayan, Sadara, SAAC join to establish Saudi Butanol Company

A three-way joint venture agreement has been formed to establish the Saudi Butanol Company, which will produce butanol to support the continuing growth of the paints and coatings industry in Saudi Arabia. The three shareholders are the Saudi Kayan Petrochemical Company (Saudi Kayan), a manufacturing affiliate of the Saudi Basic Industries Corporation (SABIC); Sadara Chemical Company (Sadara), a joint venture developed by Saudi Arabian Oil Company (Saudi Aramco) and The Dow Chemical Company (Dow); and the Saudi Acrylic Acid Company (SAAC), an affiliate of the National Industrialization Company (Tasnee) and Sahara Petrochemicals Company. (December 27, 2012)