- New project to bring equilibrium across the vertical industry value chain for Cristal Global’s customers and partners.
- Outotec selected to build an AC Arc ilmenite smelting plant for Cristal Global in Yanbu, Saudi Arabia.
- KSA location to provide vital operational synergies and cost savings for Cristal Global.
- The plant, estimated to become operational in Q4 2013, brings a new source of 85% TiO2 slag onto the market:
o Initial capacity of 500,000 tonnes of TiO2 slag,
o 235,000 tonnes of high purity pig iron as valuable co-product,
o Scalable facility – maximum production of 1,000,000 tonnes of TiO2 slag is possible.
Jeddah, Saudi Arabia, 11 November 2011
– Cristal Global, one of the leading vertically integrated Titanium
chemicals companies in the world, is pleased to announce a
groundbreaking partnership with Outotec, a leading provider of
sustainable minerals and metals processing solutions. The parties signed
a Letter of Intent October 31, 2011.
Outotec has been selected
to build a new fully scalable ilmenite-processing plant for Cristal
Global in Yanbu, Saudi Arabia, estimated to become operational in Q4
2013. The plant will be constructed on a turnkey basis, will require
800,000 tonnes of ilmenite ore to produce 500,000 tonnes of 85% TiO2 slag with 235,000 tonnes of high purity pig iron as a valuable co-product.
smelter’s location brings significant cost savings and operational
synergies, due to the logistics, cost savings, and abundant power
capacity in the Kingdom of Saudi Arabia.
Thomas VanValkenburgh, Vice President of Supply Chain at Cristal Global, commented:
“Cristal Global is proud to bring its expertise, capital and strategic vision to this new project, poised to benefit the whole vertical industry value chain through additional TiO2
feedstock production capacity. We’ve made the decision to invest now to
ensure that our customers, business partners and wider stakeholders
have the security of stable supply of TiO2, which is vital for the future and growth of the whole industry.
look forward to working with our partner, Outotec, on this project, as
well as to more fruitful collaboration with our current mineral sands
suppliers and our integrated upstream subsidiary BeMax. We believe this
investment will create growth and opportunities across the vertical
industry value chain.”
Fahad A. Nackshabandi
Tel: + 966 2 652-9966, ext: 4445
Paddy Blewer / Anastasia Ivanova
Tel: +44 (0)20 7611 3669
Notes for Editors
About Cristal Global
Global is a leading globally vertically integrated chemical and
pigments company, primarily focused on the Titanium Dioxide (TiO2)
technology. Cristal Global’s headquarters are located in Jeddah, Saudi
Arabia, with significant presence in North America, Latin America,
Europe (UK, France, and Belgium), Australia and China. With
approximately 4000 employees worldwide, Cristal Global is a strong and
stable global operator, with strong values, clear strategy,
best-in-class R&D and a long-term investment perspective. Cristal
Global is the 2nd largest TiO2 producer in the world, a leading manufacturer of ultrafine TiO2 and the largest merchant supplier of titanium with global revenues surpassing US$2.2bn in 2010.
develops and provides technology solutions for the sustainable use of
Earth's natural resources. As a global leader in minerals and metals
processing technology, Outotec has developed over decades several
breakthrough technologies. The company also offers innovative solutions
for the chemical industry, industrial water treatment and the
utilization of alternative energy sources. With a global network of
sales and service centers, research facilities and more than 3,400
experts, Outotec generated annual sales of EUR 970 million in 2010.
Outotec shares are listed on the NASDAQ OMX Helsinki. www.outotec.com