(PlastEurope) -- Cristal Global (Jeddah/Saudi Arabia) is planning to build a TiO2 slag plant in Yanbu/Saudi Arabia. The company has selected Outotec (Espoo/Finland) to build the plant, which will process 800,000 t/y of ilmenite ore to produce 500,000 t/y of 85% TiO2, with 235,000 t/y of high purity pig iron as a valuable co-product. The plant will be constructed on a turnkey basis, and is expected to become operational in Q4 2013. It will be scalable to a maximum production of 1m t/y of TiO2 slag, Cristal said. The company signed a letter of intent for the project with Outotec on 31 October 2011.
Perspectives of development of the polymers markets, pricing issues and other important aspects will be discussed at The Polymers Summit-2011, which will be held in Moscow on November 30, 2011 at the Ritz Carlton Hotel. The Summit is organized by MRC with the support of ICIS. The main idea of the Summit is to find a "the golden mean" between producers and converters. When producers receive exactly such margin of production, which helps them to invest in production expansion in order to substitute polymers imports, and the converters receive such price of feedstock that helps them to compete imported finished products. The Summit site gives an access to the live video of the Summit, speakers' presentations, as well as opportunities to ask questions or make appointments to any Summit partcipant.