Sector News

Spain’s Cepsa, ADNOC mull LAB plant in Abu Dhabi

November 15, 2017
Chemical Value Chain

Cepsa and the Abu Dhabi National Oil Company (ADNOC) have signed a memorandum of understanding to evaluate a new linear alkyl benzene (LAB) complex in Ruwais, Abu Dhabi, the Spanish energy and petrochemicals major said on Wednesday.

The companies, which are both fully owned by the UAE’s sovereign investment fund Mubadala, plan to begin basic engineering of the proposed LAB complex in 2018.

Financial details were not disclosed.

The two companies plan to integrate the facility with the Ruwais refinery complex.

LAB is used in the manufacture of biodegradable household and industrial detergents and is also used in house cleaners, fabric softeners and soap bars.

Cepsa said it expects the LAB market to grow at a compound annual growth rate of 5% between 2016 and 2030.

“ADNOC and Cepsa bring complementary strengths to the project, ADNOC providing resources and expertise in the feedstock area from its state-of-the-art refinery in Ruwais, while Cepsa as a LAB market leader,” said Cepsa CEO Pedro Miro.

“This agreement provides the opportunity to work with Cepsa to identify areas for mutual collaboration that will contribute to our plans to maximise the value from every barrel we produce,” said Abdulaziz Abdulla Alhajri, downstream director of ADNOC.

By Niall Swan

Source: ICIS News

comments closed

Related News

June 24, 2022

BASF to build commercial scale battery recycling black mass plant in Schwarzheide, Germany

Chemical Value Chain

BASF will build a commercial scale battery recycling black mass plant in Schwarzheide, Germany. This investment strengthens BASF’s cathode active materials (CAM) production and recycling hub in Schwarzheide. The site is an ideal location for the build-up of battery recycling activities given the presence of many EV car manufacturers and cell producers in Central Europe.

June 24, 2022

Clariant restructures business units, reorganizes leadership

Chemical Value Chain

Clariant says it is reducing its number of businesses from five to three, by merging units, under a reorganization that is in line with the company’s purpose-led strategy and cultural transformation. The moves will position Clariant for long-term sustainable growth, the company says.

June 24, 2022

Chemicals & Plastics Procurement: what to expect in the second half of 2022

Chemical Value Chain

Chemicals & plastics industry has the most diversified end-use market across all manufacturing industries. The industry returned to growth in 2021 but a supply chain crunch prevented it from becoming stronger. The market is likely to stabilize in the second half of 2022 with a supply-demand balance.