and Turkey’s Bayegan agreed Thursday to invest $ 1 billion in a polypropylene production facility on the southern Turkish coast. The plant is expected to have a 500,000-ton polypropylene production…
Petrochemicals
Maaden plans $6.9bn phosphate complex
Saudi Arabian Mining Company (Maaden) plans to invest SR26 billion ($6.9 billion) for setting up a massive phosphate industry complex in the northern part of the Kingdom, said a report….
Sipchem signs SR164.8m loan deal for new plant
One of Saudi International Petrochemical Co.’s (Sipchem’s) affiliates, Sipchem Chemicals Company, has signed a SR 164.8 million loan facility agreement with Saudi Industrial Development Fund (SIDF) to support financing of…
Natpet launches high-clarity polypropylenes
Saudi-based National Petrochemical Industrial Company (Natpet) has launched high-clarity polypropylenes for thin-walled packaging and injection molded containers.The company has introduced two new grades in its Teldene range, both containing Milliken’s…
Ma’aden Alcoa Joint Venture Earns Project Finance Awards
The phase 2 financing of the Ma’aden Alcoa joint aluminium project has recently been awarded the Middle East Mining & Metals Deal of the Year 2011. In addition, Ma’aden has…
Saudi petchem sector ‘set for growth’
Despite adverse market conditions, Saudi petrochemical sector is expected to grow this year backed by new production plants and feedstock advantage, a report said. NCB Capital forecast that in spite…
Gulf petrochem firms outlook bright: SABIC
The Gulf region’s petrochemical industry expect a better year ahead, despite concerns over Europe slipping back into recession as a result of the ongoing sovereign debt crisis, Mohamed Al-Mady, SABIC…
Saudi Kayan, Sinopec to build $130 million plant
Saudi Kayan Petrochemical Co., a unit of Saudi Basic Industries Corporation (SABIC), has signed a SR 488 million ($130 million) contract with China’s Sinopec to build a natural alcohol plant…
Fluor wins polymers unit contract in Saudi Arabia
US-based Fluor Corporation has been awarded an engineering, procurement and construction (EPC) contract from Sapco for its super absorbent polymer project (SAP) in Jubail. Sapco is a joint venture between…
Sipchem R&D expert to speak at event
Sustainable downstream industry in the Middle East will be the main focus at the Middle East Chemical Week (MECW), to be held in Abu Dhabi in October. Dr Trevor Hutley,…
