Saudi Basic Industries Corp (SABIC)

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.

SABIC, JSMC JV to Extend for 20 Years

SABIC has extended its joint venture with the Japan Saudi Arabia Methanol Company (JSMC) in Saudi Methanol Company (Arrazi) for 20 years.

Aramco to Finalize SABIC’s Acquisition Deal by 2020

Aramco announced on March 27 acquiring the 70% stake in SABIC for $69.1 billion to develop Aramco’s downstream growth plans.

SABIC to Proceed with its Growth Plans

The company’s plans will not be affected by the 70% stake purchased by Saudi Aramco for around $69.1 billion.

SABIC Awards EPC Contract to Fluor

SABIC awarded Fluor Corporation a contract for EPC management services for the recommissioning of its PPE resin plant in the Netherlands.

Sabic, Eni Ink Agreement to Develop Natural Gas Conversion Technology

Using this technology, natural gas will be converted into synthesis gas which can be turned into high value fuels and chemicals.

SABIC Q4 Profits Decline Due to Low Prices

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.

SABIC Extends Stakes in Saudi Methanol Company to 75%

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%.

KEMYA Started Commercial Operations

Saudi Basic Industries Corp (SABIC) started commercial operations for polybutadiene industrial rubber part of its Al-Jubail Petrochemical Company (KEMYA) joint venture with a unit of Exxon Mobil.

Saudi, China to Invest $4b in Petchem Project

Saudi Basic Industries Corp (SABIC) expects the company's greenfield petrochemical complex in Ningxia Hui Region of China to cost $3-4b and be finalized by 2020.

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