- Silstar and Saudi Multichem form a joint venture to establish Saudi Arabia's first locally integrated specialty silicone supply chain.
- The venture will focus on processing and distributing silicone-based materials like compounds, defoamers, RTV-1 elastomers, and specialty fluids.
- Key applications include oil & gas, energy, and construction sectors.
- The initiative aligns with Saudi Arabia's Vision 2030 to diversify the economy and enhance domestic industrial capabilities.
Joint Venture Formation
Silstar, Elkem's exclusive agent and distributor for silicone products in Central Europe, Middle East, and Africa, has partnered with Saudi Multichem to create Saudi Arabia's first locally integrated specialty silicone supply chain. This joint venture aims to enhance the localization of silicone-based products in the region.
Focus on Local Processing
The collaboration will concentrate on the local processing and distribution of silicone-based materials, including compounds, defoamers, RTV-1 elastomers, and specialty fluids. These materials are crucial for various industrial applications in Saudi Arabia.
Key Industrial Applications
The joint venture targets critical sectors such as oil & gas, energy, and construction. In oil & gas, silicone antifoaming agents will be used for upstream and downstream operations. In the energy sector, electronics protection materials will support photovoltaic systems, while in construction, silicone sealants will be applied for glazing, facades, and insulation.
Alignment with Vision 2030
This initiative supports Saudi Arabia's Vision 2030, a national transformation plan launched in 2020 to diversify the economy and strengthen domestic industrial capabilities. The joint venture positions Silstar and Saudi Multichem as key players in developing a sustainable, localized silicone value chain.
Engagement at ADIPEC 2025
Elkem and its partners will participate in ADIPEC 2025, a leading oil & gas industry event in Abu Dhabi, to engage with regional stakeholders and showcase the benefits of this strategic collaboration.
