ISACC is the pre-incorporation legal entity to develop and form Khair Inorganic Chemical Industries Co. "InoChem", 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. InoChem will own, construct, and operate a greenfield Soda Ash and Calcium Chloride Industrial Complex in Yanbu Industrial City, Saudi Arabia. The Project, which is scheduled to start up early 2018, will be the first producer of Soda Ash in the GCC and the largest producer of both Soda Ash and Calcium Chloride in the MENA region.
Since the conceptualization of the project, ISACC has taken various steps and commissioned several studies (technical, financial and market) on Soda Ash and Calcium Chloride to establish the feasibility of the project in Saudi Arabia. The Project development is now at an advanced stage and all the necessary industrial licenses, project land, natural gas, heavy fuel oil, and utilities allocation have been secured. All licenses and allocations obtained by ISACC for the purposes of the Project will be novated to InoChem upon its formation.
The industrial complex will include a factory for the production of 300,000 tons of Soda Ash, which considered the first of its kind in the Gulf region and the largest in the Middle East and North Africa (MENA) region. The complex also includes a calcium chloride plant that is considered the largest in the Middle East and North Africa (MENA) region with an annual capacity of 300,000 tons. InoChem will also include advanced processing and recycling units to ensure achieving highest level of environmental protection standards and cost optimization. It will be developed in accordance with the best international standards in such industry, achieving the highest level of safety, health, environmental protection and quality standards.
Saudi Arabia’s soda ash consumption is expected to reach about 627,000 tons annually by 2018 (394,000 tons in 2013 actual) and about 187,000 tons of calcium chloride (165,000 tons in 2013 actual), both of which are currently being imported from abroad. Soda Ash is used in the manufacturing of glass, detergents, and inorganic chemicals, while calcium chloride is mainly used in the drilling and exploration of oil and gas fields.
“To be the preferred and most reliable supplier of inorganic chemicals in the MENA region providing world class quality products at benchmark prices by applying advanced technologies, efficient operations systems and optimal supply chain solutions managed by a highly engaged, capable and innovative organization operating world class environments and standards”
“To provide world class quality grades of inorganic chemicals to our customers with highest level of commitment to the safety, health, and environment of our people, community, and operations, while delivering highest value to our community, customers, suppliers, employees and shareholders”