Dorf Ketal Chemicals - TriBonds Chemical Joint venture
September 16th, 2021, Dammam - Dorf Ketal Chemicals India Pvt Ltd. (Mumbai-400064, Maharashtra, India), have entered into a Joint Venture (JV) agreement with TriBonds Chemical Co. (Dammam, 2nd industrial city, KSA).
This venture, Dorf ketal-TriBonds will cater to the ever growing demand for specialty chemicals in Hydrocarbon & water industries. The JV was finalized amidst the pandemic to prepare for increased focus in the KSA markets for both the participants.This new JV, will leverage complementary strengths to meetthe growing industry demands, bringing in innovations to critical applications such as; Drag Reducing Agents for pipeline applications, Clean Fuels, Coke retarders for the petrochemical industry, Green Retarders for Styrene production with water treatment in a region where water conservation becomes ever more critical. It is noteworthy to mention that all these technologies will increase sustainability offerings to the chemical industry. The new JV will actively participate in the Kingdoms’ 2030 vision by increasing the local raw materials content and creating local employment opportunities. Technology localization will enhance workforce development, aligning with Saudi Aramco’s In-Kingdom Total Value Add program (IKTVA).
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