Establishment of a production facility of semi-finished engineering plastics

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Overview

This opportunity entails the establishment of a production facility of semi-finished engineering plastics, covering 6mm of diameter and up to 350mm x length 3000mm rods with thickness of 6mm and up to 120mm x width 1 meter x 2 meter sheets, all of which is within ASTM and DIN standards

Given that such products are used in a diverse set of applications, such as oil and gas, mining wear-resistant plastics, chemical installations and pharmaceuticals; total consumption in KSA reaches 15,000 tons/year, including finished products. Moreover, 2,500-3,000 tons/year are consumed as rods and sheets.

Even though raw material (Polyoxmethylene - POM) is available, local production in KSA is still lacking, as the Kingdom imports all kinds of finished products made in the form of semi-finished, at a high comparable price.

Furthermore, future consumption in KSA is expected to increase at a level of more than 1,000 tons/year, reaching 30,000 to 35,000 tons/year in 2030, driven by planned localization and industrialization programs across a diverse set of sectors. Such an increase in demand will present an opportunity to close an even larger gap in local production by offsetting imports.

Opportunity Details

Chemicals
Sector
Jubail or Yanbu
Location
Total investment is $52 million
Investment size
Open to starting the project as soon as possible
Timeline

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