Halliburton celebrated the opening of the Halliburton Chemical Reaction Plant in Saudi Arabia, being the first of its kind in the kingdom.
The company elaborated that this facility will manufacture a wide variety of chemicals for the entire oil and gas value chain as well as many other industries.
“We are excited to complete this significant investment and to deliver our chemical applications expertise to our Eastern Hemisphere customers,” said Jeff Miller, chairman, president, and CEO. “This world-class plant is part of our more than $1 billion commitment to Saudi Arabia over the past ten years. It further increases our in-country presence and supports the In Kingdom Total Value Add program by providing new opportunities to local suppliers, vendors, other manufacturing partners, and the local workforce.”
The statement added that this facility will help Halliburton expand its specialty chemicals research and applications for oilfield stimulation and production.
Additionally, it will enable Halliburton to better serve the region’s industrial water and process treatment market. This includes refineries, petrochemical plants, and other heavy industrial operations.
“The new downstream industries envisioned for PlasChem Park are vital for the future of the Kingdom’s chemicals and petrochemicals industry. The inauguration of the Halliburton Chemical Reaction Plant, along with the upcoming projects, will help realize the Kingdom’s Downstream Initiative, combining global expertise with the special chemicals that Sadara produces, for the benefit of local, regional and global markets,” said Sadara Chemical CEO, Faisal Al-Faqeer.