Evonik in Ras Tanura Talks; IPO Still Planned

December 2008
Chemical Week;12/15/2008, Vol. 170 Issue 38, p17
Trade Publication
The article reports on the plan of Evonik Industries to invest at a petrochemical complex, a joint venture between Saudi Aramco and Dow Chemical in Ras Tanura, Saudi Arabia. According to Evonik chairman Klaus Engel, negotiation with the Dow-Aramco team is in progress. Engel added that the project is part of the company's long-term business plan and a driver in its growth initiatives. Plans to launch initial public offering are also under way.


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