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FINANCIAL NEWS
Jordan, Sweden join forces to build USD3m chemical plant
02 Nov 2015
(MENAFN) The Swedish Jordanian Chemicals Company (SJCC) plans to provide the necessary financing as well as technical expertise, into a project that is projected to boost Jordan skills and tout its chemical industry.
In particular, collaborating with a Jordanian entrepreneur, the two chemical parties are currently carefully preparing a USD3 million capital factory in Mafraq’s King Hussein Bin Talal Development Area.
The factory, which will be constructed on 6000 square meters of land, will produce ferric chloride, a chemical product used for water purification; it will have an output capacity of around 30,000 tones yearly.
According to the Swedish investor, the local and regional clients who might be willing to buy the locally produced ferric chloride include waste water treatment plants and other firms that need purification techniques.
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