Lanxess deal advances Aramco ambitions to become key player in global petchems.

State petroleum giant Saudi Aramco and German specialty chemicals manufacturer Lanxess on 1 April began operating their Arlanxeo joint venture. The new firm will operate plants producing elastomers and engineering polymers with a combined capacity of more than 2mn tons/year.

Aramco and Lanxess announced their planned 50:50 JV last year, to take over the Lanxess synthetic rubbers and engineering plastics...