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OilVoice | January 23, 2017
Shell and SABIC have signed an agreement whereby SABIC will acquire Shell's 50% share in the petrochemicals SADAF joint venture, located in Jubail, Kingdom of Saudi Arabia for $820 million. The SADAF joint venture encompasses six world-scale petrochemical plants with a total output of more than 4 million metric tons per year. This announcement marks an early termination of the joint venture agreement which was due to expire in 2020. This acquisition will enable SABIC to further optimiz...
Fuel Fix | July 25, 2016
Exxon Mobil Corp. and Saudi Arabia’s largest chemical company are considering a partnership to build a major petrochemical complex in either Texas or Louisiana along the Gulf Coast. Exxon and the Saudi Arabia Basic Industries Corp., known as SABIC, announced they’re weighing the venture to take advantage of cheap and abundant natural gas supplies in Texas and other parts of the country. Natural gas is used as the primary feedstock for most petrochemical plants along the Gulf Coast....
Plastics.com | September 14, 2017
SABIC a provider of polymer-based products to the auto industry, among others says it is continuing its global expansion with the inauguration of a new polypropylene (PP) pilot plant in Geleen, the Netherlands. An opening ceremony for the pilot plant and a customer event was presided over by Yousef Al-Benyan, SABIC Vice Chairman and CEO, and the Dutch Minister of Economic Affairs, Henk Kamp. “In times of change, organizations have two options: drive or be driven,” said Mr Al-Benyan d...
Chemical & Engineering | December 04, 2017
In a move meant to diversify the Saudi economy beyond oil exports, SABIC and the Saudi national oil company Saudi Aramco are advancing plans for an oil-to-chemicals project in Saudi Arabia.
Following a year-long study, the companies, two of the kingdom’s largest, will commence engineering and design of the multi-billion-dollar complex before they come to a final investment decision. Most of the world’s petrochemical complexes make chemicals such as ethylene and propylene in st...
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