The company will proceed with its project in Saudi Arabia, awarding the contract to Samsung E&A Co. SABIC Agri-Nutrients Co. has awarded a USD 3.46 billion engineering, procurement and construction contract to Samsung E&A Co., Ltd. to build a new industrial complex for ammonia and urea production in Saudi Arabia. In a statement, the company…
The new DP World facility will support current and future demand for both dangerous goods (DG) and non-dangerous goods (non-DG) across the UAE and the GCC The UAE and wider GCC continue to strengthen their position as important hubs for the global chemical industry, with growing investment in manufacturing, processing, trading and distribution across the…
Borouge International announced the inauguration of its new Mumbai office in July, underscoring the company’s commitment to India and the broader Asia-Pacific region. The office was officially inaugurated by Roland Janssen, Senior Vice President, Global Sales and Marketing, Borouge International, and the company’s Asia South leadership team. Borouge International said the new office will serve…
The agreement is aimed at establishing a general framework for cooperation in developing and investing in the integrated value chain of agri-nutrients SABIC Agri-Nutrients Company has signed a Memorandum of Understanding (MoU) to explore potential collaboration opportunities with Ma’aden Integrated Fertilizer Company (MIFC), a key unit of Ma’aden. The non-binding agreement is aimed at establishing…
On 3 August SABIC announced that it completed the divestment of its Engineering Thermoplastics (ETP) business in the Americas and Europe to Mutares SE & Co for an enterprise value of USD 450 million. In an official statement on its website, the company said that the divestment marks a significant milestone in its portfolio optimization…
The Saudi Ethylene and Polyethylene Company ethylene cracker in Al Jubail Industrial City has started pilot production TASNEE has announced the completion of construction works for the expansion project at the ethylene cracker plant of the Saudi Ethylene and Polyethylene Company (SEPC). SEPC is a joint venture of Tasnee & Sahara Olefins Company (TSOC), with…
The MoU with CEER, Saudi Arabia’s first Electric Vehicle (EV) brand and original technology equipment, will explore opportunities for collaboration in applying SABIC’s advanced materials in CEER’s EVs GPCA’s founding member, SABIC, has signed a Memorandum of Understanding (MoU) with CEER, Saudi Arabia’s first electric vehicle (EV) brand and original technology equipment, to explore opportunities…
The companies have agreed on potential investment to jointly advance the development of the Jintang New Materials Project in Zhoushan, Zhejiang Province, China GPCA’s founding member, SABIC, has signed a Project Development Agreement (PDA) with Rongsheng Petrochemical and its wholly owned subsidiary Rongsheng New Materials (Zhoushan) to jointly advance the development of the Jintang New…
Sahara International Petrochemical Company (Sipchem) announced that the company obtained the approval of the Ministry of Energy for an allocation of the required feedstock quantities to develop a methanol plant in Jubail Industrial City, Saudi Arabia, with an annual production capacity of 1.8 million metric tons. Upon completion, the project is expected to significantly enhance…
Study will examine industrial investment opportunities for Kuwait’s private sector Petrochemical Industries Company (PIC), a subsidiary of Kuwait Petroleum Corporation (KPC), has launched a limited tender for preparation of a preliminary study aimed at identifying promising downstream industrial investment opportunities for Kuwait’s private sector, local Arabic language newspaper Al-Rai reported. According to the company, the…
