Serba Dinamik takes 25% stake in JV for Tanzania chemical plant


The integrated engineering, contracting and maintenance services firm
KUALA: Oil and gas services company Serba Dinamik Holdings Bhd is taking up a 25% stake in a joint-venture company in Tanzania to set up and run a  chlor-alkali plant.

It said on Monday this follows a JV agreement with Junaco (T) Ltd to set up a 45 tonne per day chlorine skid mounted chlor-alkali plant in Msufini area in Tanzania in October 2017.

The JV company Sufini Holding Ltd is a special purpose vehicle to hold 100% of equity in Msufini (T) Ltd, which in turn will own the plant directly and also provide assistance and support to Msufini

According to Wikipedia, the chloralkali process is an industrial process for the electrolysis of sodium chloride. It is the technology used to produce chlorine and sodium hydroxide (lye/caustic soda), which are commodity chemicals required by industry.
 

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

MyDCD IPO oversubscribed by 36.46 times
Jati Tinggi secures RM2.9mil TNB contract for energy storage project
Ringgit closes higher vs US dollar ahead of BNM OPR decision
Top Glove's next big expansion could be in Thailand
Pioneer Heat secures RM18.2mil tank rejuvenation contract in Terengganu
RedPlanet secures RM7.09mil order for 15MWac solar project in Sabah
Kee Ming secures RM44.17mil data centre sub-contract
SunCon secures RM920.8mil additional data centre contract in Johor
Binastra bags RM303.8mil industrial warehouse contract in Klang
Google’s US$15bil investment to fuel Malaysia’s digital push, says Anwar

Air Pollutant Index

Note: API is calculated based on 24hr running average of the most dominant parameter.

Highest API Readings

    Select State and Location to view the latest API reading

    Others Also Read