Commercial operation is set to begin in 2027 with construction scheduled to begin in the first quarter of 2023
chemicals
Latest in chemicals
chemical industry
SABIC opens new industrial chemicals unit in Jeddah
The new factory will strengthen Saudi Arabia’s position as a source of safe plasticisers, which are widely used in manufacturing processes and plastic applications
chemicals
Saudi Arabia, India sign pacts to boost bilateral trade, investment in chemicals, fertiliser sector
The bilateral pacts were signed during the visit of India’s minister for chemicals and fertilisers Dr. Mansukh Mandaviya to the Kingdom
chemical distributor
DP World UAE’s petrochem hub claims 60 percent of Dubai’s total trade value in the sector at $5.8bn
Despite the 2020 crisis and the delayed economic recovery, the petrochem sector is poised for significant growth in the decades ahead, DP World’s chief commercial officer said
ADNOC
Why the GCC’s oil-rich nations are considering an energy transition in their long-term objectives
The slower spending pace in the short-term stems largely from regional energy companies being significantly more shielded than global peers’ to energy transition risks, an S&P Global Ratings report states
Abu Dhabi
Abu Dhabi attracts new investments for $4bn chemicals hub in PPP push
Abu Dhabi Chemicals Derivatives Company signs agreements with eight UAE-based investors for the TA’ZIZ Industrial Chemicals Zone
chemical manufacturing
$2bn JV to set up chemicals production hub in Abu Dhabi
Abu Dhabi Chemicals Derivatives Company and Reliance Industries Limited annnounce new partnership
chemicals
Indian giant scraps plan to sell chemicals unit stake to Saudi Aramco
Announcement by Reliance Industries puts brakes on a deal that was two years in the making
BASF SE
Saudi’s Sabic sees profit surge amid global chemical boom
Riyadh-based company made net income of $2bn, the highest quarterly figure in almost a decade and up around 60% from the first three months of the year