MEA

LyondellBasell invests $500M in Saudi petchems JV, to explore new PDH/PP complex

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LyondellBasell (LYB) today announced it entered into an agreement to acquire a 35% interest in Saudi Arabia–based National Petrochemical Industrial Company (NATPET) from Alujain Corporation (Alujain) for approximately $500 million. Enabled by its Spheripol polypropylene (PP) technology, the joint venture positions LYB to grow and upgrade its core PP business through access to advantaged feedstocks, plus additional product marketing … Read more

Saudi Chemical inks MoU to set up ammonium nitrate, nitric acid facility in Ras Al Khair

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Saudi Chemical Co. Holding (SCCH) and its subsidiary, Saudi Chemical Co. Ltd. (SCCL), have recently inked a non-binding memorandum of understanding (MoU) with Dyno Nobel, marking a significant stride in the chemical industry. The collaboration is geared towards establishing a state-of-the-art facility in Ras Al Khair to produce ammonium nitrate and nitric acid.  According to … Read more

Colonial Chemical to inaugurate Saudi specialty surfactants plant

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Colonial Chemical, a leading manufacturer of personal care ingredients based in the United States, is set to inaugurate a cutting-edge manufacturing facility in Dammam, Saudi Arabia on January 17.  This state-of-the-art plant has been established through the collaborative efforts of Colonial Chemical Middle East Arabia (CCME), a joint venture between Colonial Chemical and its Saudi … Read more

ACWA plans 600,000 MTPA green ammonia plant in Egypt

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Saudi-listed ACWA Power, the world’s largest private water desalination company, leader in energy transition and first mover into green hydrogen, has signed the framework agreement, following the MoU that was signed in 7th of December 2022 to outline the development of the first phase of the green hydrogen project in Egypt with a capacity of … Read more

ADNOC to acquire OCI NV’s stake in Fertiglobe for $3.6B

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Abu Dhabi National Oil Company P.J.S.C. (ADNOC) and OCI Global, announced that they have entered into a sale and purchase agreement for the acquisition by ADNOC of OCI’s entire majority shareholding in Fertiglobe plc.   Fertiglobe is listed on the Abu Dhabi Securities Exchange and is the world’s largest seaborne exporter of urea and ammonia … Read more

Solvay and ENOWA plan carbon-neutral soda ash plant in NEOM 

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Solvay is partnering with ENOWA, NEOM’s energy and water company, to establish the world’s first carbon-neutral soda ash production facility in NEOM, Saudi Arabia. Pending the results of an in-depth feasibility study and customary regulatory approvals, Solvay and ENOWA plan to begin operation of the groundbreaking plant by 2030.  The facility is poised to emerge … Read more

CPChem, QatarEnergy finalize financing on Ras Laffan petrochemicals project

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Ras Laffan Petrochemicals, a joint venture company owned 30% by Chevron Phillips Chemical and 70% by QatarEnergy, today announced that it has secured $4.4 billion to finance an integrated polymers facility to be located in Ras Laffan Industrial City, Qatar. The project financing comprises commercial and Islamic lenders and a group of export credit agencies. … Read more

Samsung receives Saudi chemical contract award

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Samsung Engineering, a prominent South Korean firm, has officially announced that it has secured the front-end engineering and design (FEED) contract for Alujain Corporation’s upcoming propylene plant in Saudi Arabia’s Yanbu Industrial Complex. This development was initially disclosed by MEED earlier this month. In a statement, Samsung confirmed that it has received the notice of … Read more

ADNOC Statement on Potential Borouge-Borealis Merger

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Abu Dhabi National Oil Company (ADNOC) has officially announced its commencement of formal negotiations with OMV AG to explore the possibility of creating a new combined petrochemicals holding entity. The proposed merger aims to integrate their respective existing shareholdings in Borouge plc and Borealis AG. Currently, Borouge is listed on the Abu Dhabi Securities Exchange … Read more

Global Fluorine Chemical Factory expands to triple its capacity in UAE

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KEZAD Group, the leading operator of integrated and purpose-built economic zones in the UAE, has recently announced an agreement with Global Fluorine Chemical Factory LLC (GFCF) for the establishment of the second phase of their operations in KEZAD Mussafah. This development will enable GFCF to triple its production capacity, marking a significant step towards the … Read more

Maire Wins $2B Petrochemical Contracts in Saudi Arabia

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Maire Tecnimont S.p.A. announces that its Integrated E&C Solutions subsidiaries Tecnimont and Tecnimont Arabia Limited have been awarded two lump-sum turn-key EPC contracts related to a petrochemical expansion at the SATORP Refinery, in Jubail, Kingdom of Saudi Arabia. The petrochemical facility will enable the conversion of internally produced refinery off-gases and naphtha, as well as … Read more

Aramco, TotalEnergies award contracts for $11 billion Amiral project

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Aramco and TotalEnergies awarded Engineering, Procurement and Construction (EPC) contracts for the $11 billion “Amiral” complex, a future world-scale petrochemicals facility expansion at the SATORP refinery in the Kingdom of Saudi Arabia. A signing ceremony took place in Dhahran attended by Amin H. Nasser, Aramco President and CEO, and Patrick Pouyanné, TotalEnergies Chairman and CEO. … Read more

Saudi Chemanol to acquire major stakes in two chemical firms

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Saudi-based Methanol Chemicals Co., known as Chemanol, has unveiled its strategic plan to diversify its product portfolio by acquiring controlling stakes in two chemical firms. In a recent disclosure to the Saudi Stock Exchange (Tadawul), Chemanol announced the signing of a binding offer to acquire 80 percent of Global Co. for Chemical Industries Ltd. Additionally, … Read more

Petrofac-led Joint Venture Secures $1.5 Billion Petrochemical Project in Algeria

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Petrofac, a leading international service provider to the oil and gas industry, has been granted a conditional award by STEP Polymers SPA, a wholly-owned subsidiary of Sonatrach, to undertake a significant petrochemical project in Algeria. The project, valued at approximately $1.5 billion, will contribute to the Arzew Industrial Zone’s development, located west of Algiers. This … Read more

Alujain Selects Lummus for New Propylene Plant in Saudi Arabia

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Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced Alujain National Industrial Co. has selected its C3 CATOFIN® propane dehydrogenation (PDH) technology for their new propylene plant in Yanbu, Kingdom of Saudi Arabia (KSA). This is the first time Alujain will license Lummus’ PDH technology at its Yanbu complex. “We are … Read more

India’s L&T Energy Hydrocarbon wins multiple offshore contracts in Middle East

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L&T Energy Hydrocarbon (LTEH), a business unit of Larsen & Toubro (L&T), has recently been awarded several offshore packages by a prestigious client in the Middle East. The scope of work includes engineering, procurement, construction, and installation of various new offshore facilities, as well as integration with existing installations. Repeat orders signify customer satisfaction Commenting … Read more

Aramco and Linde Engineering to develop ammonia cracking technology

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Aramco, one of the world’s leading integrated energy and chemicals companies, and Linde Engineering, a global leader in the production and processing of gases, announced that they have signed an agreement to jointly develop a new ammonia cracking technology. The collaboration between the two companies will combine Linde Engineering and Aramco’s experience and capabilities in … Read more

SABIC invests in catalyst manufacturing in Saudi Arabia through the Shareek program

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SABIC’s participation in the Shareek program highlights the company’s commitment to enhancing partnerships with the private sector and supporting sustainable growth in the national economy. The program, launched by Crown Prince Mohammed bin Salman bin Abdulaziz, aims to develop public-private partnerships and build a prosperous national economy by attracting investments and developing industries associated with … Read more