Both companies – Ducab and Union Pipes Industry – will use Borouge materials to produce energy and infrastructure applications to construct Borouge 4
petrochemicals producer
Latest in petrochemicals producer
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
chemical industry
Saudi Arabia’s Sabic CEO Yousef Abdullah Al-Benyan resigns
Al-Benyan stepped down as chief executive officer as he takes on a new role as the Kingdom’s education minister
Abu Dhabi
Abu Dhabi’s ADNOC acquires 25 percent stake in Borealis from Mubadala
Borealis will be 25 percent owned by ADNOC and 75 percent owned by OMV, an Austrian multi-national integrated oil, gas, and petrochemical company listed on the Vienna Stock Exchange
chemical manufacturing
Chemicals maker Sabic’s profit surges as global economy reopens
Net income was 4.86 billion riyals ($1.3 billion) compared with a loss of 1.05 billion a year ago, and more than double the level of the previous three-month period
Aramco IPO
Saudi stocks gauge ends on a high despite Sabic drop
Sabic is the third-largest individual constituent of the main Saudi gauge
chemical manufacturing
Saudi chemical giant Sabic sees profit plunge to lowest in 10 years
Saudi Basic Industries’ profits for the second quarter and first half of this year dived due to a sharp decline in product prices
billionaires
Ineos plans to spend $2bn on Saudi chemical plants
Ineos, which is controlled by UK billionaire Jim Ratcliffe, enters the Middle East for the first time
petrochemical products
Saudi’s Sabic profit slumps 38% on low product prices
Sabic said lower sales were ‘driven by global slowing demand growth coupled with a slow start of the year and relatively high level of inventories’
methanol
Saudi’s Sabic said to mull $4bn methanol deal
Sources say Saudi firm has has made an initial approach that valued OCI’s assets, which include plants in Texas and the Netherlands, at as much as $4bn
petrochemicals producer
Lower prices sees Saudi chemical giant report drop in Q4 profit
Saudi petrochemicals giant SABIC reported a 17% rise in profit for the whole of 2018 on overall higher prices and an increase in sales
petrochemicals producer
Sabic Q3 profit increases amid higher volumes, prices
Saudi petrochemicals giant’s quarterly profit meets estimates
chemical producer
With Aramco IPO shelved, Saudi Arabia’s PIF looks to tech, mega city
Much of the ambitious economic and social plan to diversify the Saudi economy relies on the PIF as an orchestrator of economic growth
chemical manufacturing
Saudi petrochemicals giant posts 81% gain in quarterly profit
Sabic said it implemented “strategic restructuring initiative” that had an impact on total cost of $290m
acquisition
Saudi Aramco is said to line up banks to fund Sabic acquisition
Saudi Aramco is considering buying 50% to 70% from the Public Investment Fund, the country’s sovereign wealth fund which controls Sabic
acquisition
Saudi Aramco in ‘preliminary’ discussions to acquire SABIC stake
Saudi Aramco said there is still ‘no certainty’ that any transaction will take place
petrochemical products
Saudi Basic Industries profit rises 5.4% on higher prices
Sabic will build a headquarters in Houston for its western hemisphere operations to capitalise on the US shale boom