TAQAT GROUP - From gasoline to graphene
Who We Are
TAQAT Development Company is a start-up private company (of ex-family business owners) incorporated in Saudi Arabia and registered under commercial registration number 2051048776. 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 (Needle coke is a precursor for the graphite anode and electrode projects) 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.
Mission
To be a leader in energy storage solutions (teaming with independent power providers). Participate in the new technology economy, Foster graphene applications by partnering with premier R&D centers. Embark on new markets: e.g. silicon anodes, ultracapacitors, and fuel cells.
Vision
Engages in the research, development, engineering, manufacturing, marketing, and distribution of advanced graphite & carbon material, e.g.:battery graphite material (LiB, Fuel Cells, Redox, Supercapacitors)graphene material (nanofluid membranes, plastic additives, coating ink) industrial carbon & graphite material, silicon anode, silicon-carbide
Management Team
TAQAT’s management has well rounded expertise in major industrial Projects
Jamal A. Al Bassam
Chief Executive Officer
Last Position: CEO, TAQAT Holding Co, a subsidiary of Al Bassam Groups of Companies.
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25 years experience in Saudi Aramco project management development of Refinery, Pipelines, infrastructure, Power and IT .
BS civil engineering & MBA, KFUPM
Hamad A. Al Olayan
Chief Business Officer
Last Position: GM, Olayan Group
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22 years experience in several executive positions in Saudi British Bank and Olayan Group. Board member for various private & public companies.
BA Finance, USA
Mohammed O. Al Subaie
Chief Financial Officer
Last Position: Chief Audit Executive, Saudi Aramco
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35 years experience in internal audit, finance, corporate governance and risk management. Served as board member for several S Aramco JVs and currently audit committee member for several private and government companies.
BS Accounting, & MBA, CIA, CISA, and Certified Board Director
Awad M. Al Anazi
Chief Planning Officer
Last Position: CEO, Fiber Glass Oasis Co (2014-2017)
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20 years experience in managerial positions, MD, Inma Co. (Al turki Group), GM, Al Bassam Group, engineering and operation SABIC Co.
BS Mech Eng/Aerospace Eng, KFUPM
Dr. Pieter Barnard
Corporate Strategy Advisor
Last Position: President, GrafTech
33 years experience in executive management positions in all GrafTech’s business; Production of Needle Coke, Manufacturing of graphite electrodes, specialty graphite, and supply chain. Served as chairman and board member for several of GrafTech international affiliates. More than 5 years global experience providing consulting services to companies and private equity firms in steel, synthetic graphite, carbon electrode, Li-ion battery anode material, and graphene industries.PhD, MBA, B. Sc (Hons)