Air Liquide and Sasol have signed two Power Purchase Agreements (PPAs) with TotalEnergies and its partner Mulilo for the long-term supply of renewable power to Sasol’s Secunda site, where Air Liquide operates the world’s largest oxygen production site. The PPAs will provide a total capacity of 260 MW, adding to the 220 MW signed with … Read more
Saudi Aramco, China Petroleum and Chemical Corporation (Sinopec) and SABIC are exploring collaboration across refining and petrochemical projects in China and Saudi Arabia. Aramco and Sinopec have signed heads of agreement for a greenfield project in Gulei, Fujian Province, which plans to include a 320,000 barrels-per-day refinery and 1.5 million tons-per-year petrochemical cracker complex. It … Read more
The Saudi Arabian Oil Company (Aramco) and TotalEnergies have taken the final investment decision for the construction of a world scale petrochemical facility in Saudi Arabia. The ‘Amiral’ complex will be owned, operated, and integrated with the existing SATORP refinery located in Jubail on Saudi Arabia’s eastern coast. The investment decision is subject to customary … Read more
BP signed a memorandum of understanding (MoU) with the Government of Egypt under which it will explore the potential for establishing a new green hydrogen production facility in the country. The MoU was signed by BP, Egypt’s New and Renewable Energy Authority (NREA), the Egyptian Electricity Transmission Company (EETC), the General Authority for Suez Canal … Read more
Oman plans to produce 1 to 1.25 million tons per year of green hydrogen by 2030 and has set up a state-owned company as part of its plan to achieve net-zero carbon emissions by 2050. Hydrogen Oman, better known as Hydrom, will be a subsidiary of Oman’s state-owned Energy Development Oman, the sultanate’s state media … Read more
Brenntag, the global market leader in chemicals and ingredients distribution, announces the partnership with the Al-Azzaz Chemicals Company via a 75/25 joint venture. While Brenntag has been active in Saudi Arabia, this joint venture greatly expands the company’s presence and footprint with one of the largest speciality chemicals distributors on the Arabian Peninsula. Henri Nejade, … Read more
AkzoNobel is to further strengthen its African footprint after reaching an agreement with Kansai Paint to acquire its paints and coatings activities in the region. Completion, which is subject to regulatory approvals, is expected during the course of 2023. Present in 12 countries in Africa, Kansai Paint has regional consolidated revenue of around €280 million. … Read more
Reliance Industries announced that it has signed a shareholder agreement with Abu Dhabi Chemicals Derivatives Company RSC Ltd (TA’ZIZ) for an investment of $2 billion for the TA’ZIZ EDC & PVC project. Reliance is a strategic partner with Abu Dhabi National Oil Company (ADNOC) and ADQ, an Abu Dhabi-based investment and holding company, in TA’ZIZ … Read more
Abu Dhabi’s renewable energy company Masdar and its Cairo-based partner Hassan Allam Utilities, have secured Egypt’s support to develop green hydrogen hubs on the Red Sea and the Mediterranean coasts of the country, targeting up to 4 GW of electrolysers by 2030. The partners signed two memoranda of understanding (MoUs) with the New and Renewable … Read more
Air Products announced that it has acquired Air Liquide’s industrial gases business in the UAE and Air Liquide’s majority share in MECD joint venture in Bahrain. Financial terms are not being disclosed for the agreement. Air Liquide Emirates business is part of Industrial Gases LLC (ALEMIR) and Orca Industrial Gases LLC, which includes liquid bulk, … Read more
Worley ECR has been contracted by Green Energy Oman (GEO), an international consortium, to support their 25-gigawatt (GW) low-carbon fuels project in Oman. As part of the contract, Worley shall be providing concept feasibility study services to develop and challenge GEO’s defined green hydrogen energy project. This includes optimizing around 25 GW of wind and … Read more
Neom has signed an agreement to begin construction of a 1.2 million tonne per year green hydrogen facility in Saudi Arabia, the largest in the world. The contract is worth $900 million. The contract sets the duration of work at six months. ACWA Power, which has a 33.3% stake in Neom Green Hydrogen, announced the … Read more
Baker Hughes and Dussur, a firm owned by the Saudi Arabian Public Investment Fund (PIF), Saudi Aramco and SABIC, have signed an agreement to form a joint venture company (JV) focused on providing oilfield and industrial chemicals in Saudi Arabia. The JV supports Baker Hughes’ efforts to better serve the chemical market in the region … Read more
Two Algerian companies along with two Chinese companies signed a Shareholders’ Pact for the creation of a joint-stock company under Algerian law to begin preliminary activities relating to the development of an integrated phosphates project (PPI). Algerian companies include Asmidal, a subsidiary of Sonatrach (Hydra, Algeria), and Manal. The Chinese companies include Wuhuan Engineering Co. … Read more
SABIC has announced a new collaboration with Kraton to deliver certified renewable butadiene from its TRUCIRCLE portfolio for use in Kraton’s certified renewable styrenic block copolymers (SBC). This effort forms part of SABIC’s 2025 strategy, which includes a Sustainability Development Goal roadmap spanning the organization’s entire value chain and addressing 10 goals to help drive … Read more
Advanced Petrochemical Co. has announced that Advanced Polyolefins Industry Co., a subsidiary company, has signed a loan agreement with the Saudi Industrial Development Fund (SIDF). The loan agreement is valued at 3 billion Saudi Riyals ($800 million), and comes as a completion of the procedures and requirements stipulated by SIDF in the conditional loan approval. … Read more
Borouge, a joint-venture between The Abu Dhabi National Oil Company (ADNOC) and Borealis Group AG (Vienna, Austria), has announced the successful start-up of its new fifth polypropylene unit (PP5) in Ruwais. The new unit will contribute to boosting the UAE’s production of polypropylene to meet the growing global demand for manufactured products in the recyclable … Read more
Air Products has awarded thyssenkrupp Uhde Chlorine Engineers a contract to supply a more than two-gigawatt (2 GW) electrolysis plant for one of the world’s largest green hydrogen projects at NEOM in Saudi Arabia. Under this contract, thyssenkrupp will engineer, procure and fabricate the plant based on their large-scale 20 megawatt (MW) alka-line water electrolysis … Read more
Reliance Industries (RIL) announced its first investment in West Asia with Abu Dhabi Chemical Derivatives Company RSC (TA’ZIZ). According to a RIL statement, the two have agreed to launch TA’ZIZ EDC & PVC, a chemical production partnership at the TA’ZIZ Industrial Chemicals Zone in Ruwais, Abu Dhabi. “The new joint venture (JV) will construct and … Read more
Abu Dhabi National Oil (ADNOC) and Borealis have signed the final investment agreement for their Borouge 4 complex at Ruwais, Abu Dhabi. The deal confirms their intent to spend $6.2 billion on the project, which will consist of a 1.5 million t/y ethane cracker, two PE plants producing 1.4 million t/y and a 100,000 t/y … Read more