Sipchem Announces Hydrogen Supply Deal with SASREF

Sipchem Announces Hydrogen Supply Deal with SASREF

Sahara International Petrochemical Company (Sipchem) announced that it has signed a 20-year hydrogen supply agreement with Saudi Aramco Shell Refinery Company (SASREF).

The deal was signed on May 30 by Abdullah Al-Saadoon, Sipchem CEO, and Hussain Al-Qahtani, the President of SASREF, Sipchem said in a filing to the Saudi Stock Exchange (Tadawul).

Sipchem will supply hydrogen gas required in SASREF’s future production operations that will commence in 2020.

“This agreement is a continuation of Sipchem’s efforts to utilize all available resources to maximize the added value of the company’s products and enhance its revenues,” read the statement.


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