The story
Nama Chemicals was established as a local chemicals company in Jubail, Saudi Arabia in 1992. The city lays along the Persian Gulf on the eastern coast of Saudi Arabia and since the establishment of the company, has grown to become a major industrial city.
NAMA was part of a consortium of private companies to bid for a development contract for which was to become Saudi Arabia's first privately owned refinery in 2011, but lost the bid to the state oil company Saudi Aramco.
In 2014, NAMA finished the expansion of its largest epoxy resins plant, raising the production capacity from 60,000 to 120,000 tons of epoxy per year. The construction contract, valued at around $116 million, had been awarded to Jacobs Engineering Group in 2011. Trial runs at the expanded plant were started in October 2013 with commercial operations fully commencing in April 2014.
From Wikipedia’s article on Nama Chemicals, shared under CC BY-SA 4.0.3