InoChem to build soda ash factory on 1m sqm land

IDEA Soda Ash and Calcium Chloride Company (ISACC) said it has received approval from the Royal Commission in Yanbu to allocate 1 million sqm land for the project the company is developing to build an industrial complex at Yanbu Industrial City.
The industrial complex will include a factory for the production of 300,000 tons of soda ash, which is considered the first of its kind in the Gulf.
The complex includes a calcium chloride plant that is considered the largest in the region with an annual capacity of 300,000 tons. The project will be owned and managed by InoChem (Khair Inorganic Chemical Industries Co.) a Saudi closed joint stock company under establishment.
“This is one of the Kingdom’s strategic projects to maximize investment in nonoil national resources and to diversify income sources and reduce dependence on oil exports,” said Abdul Aziz Yahya Al-Muaiyyad, MD & CEO, ISACC.
He praised the continuous and effective support provided by the Royal Commission of Jubail and Yanbu for all the projects in Yanbu Industrial City, which is not only limited to the provision of land but also extended to the provision of all other industrial infrastructure and utilities, in cooperation and coordination with MARAFIQ.
According to Al-Muaiyyad, the allocated land is sufficient not only to meet current needs for the production of soda ash and calcium chloride but also to meet the future growth of the regional demand.
Conservative market studies indicate that the demand for soda ash in the MENA will reach 2.15 million tons annually by 2023, while demand for calcium chloride in the region will reach 722,000 tons annually by 2023.
InoChem (Khair Inorganic Chemical Industries Co.) is a Saudi investment being founded by IDEA International for Investment and Development Company, MEDA Chemical Group, and a group of businessmen and major investment companies.