Cleango, Sanad create Cleango Arabia joint venture

Executive Summary

• Cleango Innovations Inc. has established a new joint venture, Cleango Arabia Ltd., in partnership with Sanad Industrial Co. Ltd. (a subsidiary of EROG Holdings) in the Kingdom of Saudi Arabia.
• The joint venture aims to localize the manufacturing and distribution of Cleango’s proprietary green chemical solutions for the oil and gas industry, aligning with Saudi Vision 2030 goals for economic diversification and industrial localization.
• The venture will establish a state-of-the-art manufacturing facility in Saudi Arabia to produce certified green solutions, targeting markets across the Gulf Cooperation Council (GCC) and Middle East and North Africa (MENA) regions.

Key Details

• Joint Venture Entity: Cleango Arabia Ltd.
• Partners: Cleango Innovations Inc. and Sanad Industrial Co. Ltd. (under EROG Holdings).
• Location: Kingdom of Saudi Arabia.
• Strategic Goal: Localize advanced industrial capabilities, diversify the economy, and support Saudi Vision 2030.
• Facility Plans: Establishment of a state-of-the-art manufacturing facility for local production and distribution of Cleango’s certified green solutions.
• Target Market: Oil service industry in Saudi Arabia, GCC, and MENA regions.
• Product Focus: Proprietary, certified green, non-toxic, and sustainable cleaning and industrial solutions, specifically tailored for the oil service sector.
• Key Product (CG-100): The venture will leverage Cleango’s flagship product, CG-100, which has at least eight distinct applications in the oil patch:
  • Reservoir water flood enhancement (surfactant for improved sweep efficiency).
  • Wellbore tubular cleaning (wax and asphaltene treatment).
  • Historical perforation/frack port cleaning (dissolving plugging).
  • Flow line cleaning (pigging and maintenance).
  • Facility cleaning (turnarounds and maintenance).
  • Completion systems (frack spearheading/acid enhancement).
  • Diluent replacement for well abandonments.
• Partner Background: EROG Holdings is a 100%-Saudi-owned company established in 2014, providing comprehensive turnkey solutions for the energy market, including chemical work and freight.

Notable Quotes

• Anthony Sarvucci, CEO of Cleango Innovations: "This joint venture marks a pivotal moment for Cleango Innovations. Partnering with EROG Holdings and Sanad Industrial Co. Ltd. provides us with unparalleled access to the rapidly growing oil and gas market in Saudi Arabia and the broader GCC and African regions. Their deep-rooted expertise and commitment to local manufacturing align perfectly with our vision of delivering certified green solutions that not only enhance operational performance but also champion environmental responsibility."
• Ali AlKaabi, CEO of Sanad: "We are thrilled to join forces with Cleango Innovations. Their certified green products offer a unique and highly sought-after solution for the oil services industry, which is increasingly focused on sustainability. Through Cleango Arabia Ltd., we will combine our regional market knowledge and distribution strength with Cleango's innovative technology to create significant value for our customers and contribute to the kingdom's Vision 2030 objectives of localization while fostering Saudi-made innovation."