SABIC Purchases Clariant’s 50% Share in Scientific Design

Subject to regulatory approval, expected in mid-2022, the transaction will give SABIC full ownership of Scientific Design
Subject to regulatory approval, expected in mid-2022, the transaction will give SABIC full ownership of Scientific Design
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SABIC Purchases Clariant’s 50% Share in Scientific Design

Subject to regulatory approval, expected in mid-2022, the transaction will give SABIC full ownership of Scientific Design
Subject to regulatory approval, expected in mid-2022, the transaction will give SABIC full ownership of Scientific Design

Saudi Arabia’s SABIC has signed an agreement to purchase Clariant’s 50 percent stake in specialties company Scientific Design, currently a 50/50 joint-venture with SABIC.

Subject to regulatory approval, expected in mid-2022, the transaction will give SABIC full ownership of Scientific Design, which is a leading licensor of high-performance process technologies and catalysts producer.

The move is aimed at securing a greater share of the Specialties market. Last year, SABIC repositioned its Specialties division as a stand-alone strategic business unit to unlock organic and inorganic growth opportunities that are independent of feedstock dynamics.

SABIC Vice Chairman and CEO Yousef Al-Benyan said: “Catalysts are the foundation of our business. The acquisition of Scientific Design will strengthen our non-cyclical technology-oriented specialty business and move us closer to our long-term goal of becoming a global Specialties leader.”

“This is a growing global market and the Middle East region alone sources nearly $1.5 billion worth of catalysts per year. We recognize the opportunity to help meet increasing catalyst demands, increase security of supply and the level of innovation with the sector.”

With its key manufacturing plant and business headquartered in New Jersey, US, Scientific Design has operated as a joint venture for almost 20 years following SABIC’s 50 percent acquisition of the business in 2003. Employing more than 170 people globally, it is a leading licensor of high-performance process technologies and a developer of catalysts that are used in over 100 plants across more than 30 countries.

Scientific Design is a recognized leader and a strategic fit for SABIC that can strengthen and complement the high-performance capabilities of SABIC’s Specialties business. For almost 20 years, it has thrived as a SABIC joint venture securing a position at the forefront of innovation and sustainability in the chemical industry. By fully aligning mutual strengths SABIC can realize new growth potential.

SABIC’s Specialties business produces highly differentiated products which include specialty engineering thermoplastic resins and compounds, composites, thermosets & additives, and additive manufacturing solutions as well as catalyst and process technologies.



Saudi Ministry of Environment Issues First License for Aeroponics Agriculture in the Middle East

Saudi Ministry of Environment Issues First License for Aeroponics Agriculture in the Middle East
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Saudi Ministry of Environment Issues First License for Aeroponics Agriculture in the Middle East

Saudi Ministry of Environment Issues First License for Aeroponics Agriculture in the Middle East

The Ministry of Environment, Water, and Agriculture issued the first operational license for a commercial agricultural project utilizing aeroponics in the Middle East, reported the Saudi Press Agency on Saturday.

The project aims to contribute significantly to the local market's agricultural needs through sustainable production.

The Ministry's Undersecretary for Agriculture, Eng Ahmad Al-Ayada, made the announcement during a ceremony attended by representatives of a coalition local and international companies: Tamimi Markets Group from Saudi Arabia, Mitsui Group from Japan, and Zero Group from Italy.

Through the Green Dunes Company, the coalition will come up with modern agricultural solutions powered by cutting-edge technologies and AI. These efforts align with the Kingdom's National Agriculture Strategy and the broader goals of Vision 2030, which aim to build a sustainable agricultural future.

According to the ministry, the project's first phase has been completed. It entailed the establishment of an aeroponics farm to produce various vegetable varieties. The method is noted for its efficiency, as it reduces water consumption by 95% compared to traditional farming techniques and enables year-round productivity.

The project integrates AI and automation at all production stages, employing advanced monitoring systems and performance indicators to optimize output.