The formation of the Saudi Kayan Petrochemical Company (a public stock company) was the outcome of a partnership agreement between Saudi Basic industries Corp. (SABIC) & AlKayan Petrochemical Company (Kayan). The company’s capital amounts to 15 billion Saudi Riyals.

Saudi Kayan industrial complex will be located at Jubail Industrial City with an annual production capacity exceeding 4 million metric tons of petrochemical and chemical products.

45 percent of the capital has been offered for public subscription at a value of 10 Saudi Riyals per share. SABIC holds further 35 percent of the company’s capital and Kayan holds the remaining 20 percent.

Saudi Kayan industrial complex will add some specialized chemicals to the Saudi marketplace that will be produced in Saudi Arabia for the first time. These products include aminoethanols, aminomethyls, dimethylformamide, choline chloride, dimethylethanol, dimethylethanolamine, ethoxylates, phenol, cumene and polycarbonate which will provide wide opportunities for downstream industries. This is in addition to ethylene, propylene, polypropylene, ethylene glycol, butene-1 and other products.

Saudi Kayan plans to establish an applications center which will focus on development of industrial products and applications, especially polycarbonate research and other new added value downstream industries in Saudi Arabia.