Tasnee to start commercial ops at ilmenite plant in H2 2018

The National Industrialization Co. (Tasnee) expects to commence trial and commercial operations at its ilmenite project in H1 and H2 2018, respectively, the company said in a statement to Tadawul on Tuesday.

The Jazan-based project, which produces titanium slag, is still under testing as technical work was ongoing due to the project's large size.

Tasnee added that it is difficult to measure the related financial impact on its consolidated figures, as most of the facility’s production is used as feedstock for titanium dioxide (TiO2), which is manufactured by the company locally and overseas.

The TiO2 producer owns 50 percent of the project, while the remaining stake is held by Cristal, which is 79 percent-owned by Tasnee.