TAQUAT GROUP.

TAQAT Development Company is a start-up private company incorporated in Saudi Arabia and, The Company, with a seasoned technical and professional leadership, will be developing a synthetic graphite cluster in Saudi Arabia. The cluster will include a Needle Coker plant to be developed inside the facility of Rabigh Refinery & Petrochemical Company (PRC). PRC will supply the scares Decant Oil feedstock. In addition, the cluster will include a Graphite Anode plant that will be most probably co-located next to KSA proposed Electric Vehicle (EV) plant. Also, the Company is evaluating other possible products such as Graphite Electrode and Graphene. 

TAQAT enjoys very strong Government support since the proposed EV plant (that will offtake 50% of project Graphite Anode) is supported by the Public Investments Fund (PIF) and the Saudi Government Industry Clusters, which is targeting to develop a world-class automotive industry to be a major regional player supplying the MENA market strong growth demand. TAQAT will be leading regional quasi-government entities to develop the subject needle coke and battery anode project. Further, TAQAT is supported by the Ministry of Energy, and the Ministry of Industry, to fast track the subject project to meet the production date of mid-2023. The supply of the scarce feedstock from Petro Rabigh Refinery was culminated by officially signing the binding MOU between TAQAT and PRC in December 2020.