SABIC’s Feedstock Supplies Reach Normal Levels
The Saudi Basic Industries Corporation (SABIC) announced that the supply level of its feedstock returned to normal again.
The Saudi Basic Industries Corporation (SABIC) announced that the supply level of its feedstock returned to normal again.
SABIC has extended its joint venture with the Japan Saudi Arabia Methanol Company (JSMC) in Saudi Methanol Company (Arrazi) for 20 years.
Aramco announced on March 27 acquiring the 70% stake in SABIC for $69.1 billion to develop Aramco’s downstream growth plans.
The company’s plans will not be affected by the 70% stake purchased by Saudi Aramco for around $69.1 billion.
SABIC awarded Fluor Corporation a contract for EPC management services for the recommissioning of its PPE resin plant in the Netherlands.
Using this technology, natural gas will be converted into synthesis gas which can be turned into high value fuels and chemicals.
Saudi Basic Industries Corporation (SABIC), one of the largest chemical producers in the world, announced a decline in its profits for the Q4 of 2018 because of the drop in average selling prices.
Saudi Basic Industries Corporation (SABIC) signed an agreement with the Japan Saudi Arabia Methanol Company (JSMC) to increase its stakes in the Saudi Methanol Company (Ar-Razi) from 50% to 75%.
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