Italmatch Chemicals Group, a leading global speciality chemical group, and Biolab Arabia, part of Al-Hejailan Group, have signed a joint venture agreement for Italmatch Biolab Industrial for industrial water & process treatment in Saudi Arabia

.Italmatch, which is focused on the production and marketing of performance additives for water and process treatment, oil & gas, industrial lubricants and plastics, will hold 60% of the stake in the joint venture.

The two chemical companies join forces to create a new regional Saudi leading player focused on local manufacturing, to produce and sell ready-to-use specialty chemicals and solutions for Industrial Water & Process Treatment with a focus on Desalination (thermal and membrane based) applications in the Gulf Region as well as on Oil & Gas.