Celanese and SABIC
Announce Polyacetal Expansion in Middle East
Construction of
50,000 ton facility in the region to support future growth of
polyacetal industry;
Advantaged raw material position to support Ibn Sina joint
venture and POM production
Celanese Corporation, a
leading, global chemical company, and Saudi Basic Industries
Corporation (SABIC) today announced their National Methanol
Co. (Ibn Sina) joint
venture will construct a 50,000 ton polyacetal (POM) production facility in Saudi
Arabia. The investment supports accelerated future growth plans
for Celanese's Advanced Engineered Materials segment,
specifically its Ticona Engineering Polymers business, as it
delivers innovative solutions for POM customers; and SABIC, in
support of its regional business development. Engineering and
construction of the facility is expected to begin later this
year.
Construction of the facility is part of an extension of the Ibn
Sina joint venture, which will now run through 2032. Ibn Sina
produces methanol, a key feedstock for POM
production, as well as methyl tertiary-butyl ether (MTBE). Through Ibn Sina, Celanese
strengthens its raw material and energy positions.
Celanese, SABIC and Duke Energy Corporation entered into the Ibn
Sina joint venture in 1981. Celanese and an affiliate of Duke
Energy each hold a 25 percent interest in the venture, with the
remaining 50 percent held by SABIC. Upon successful startup of
the POM facility, Celanese's economic interest in Ibn Sina will
increase from 25 percent to a total of 32.5 percent, providing
further financial benefits for Celanese. SABIC's economic
interest will remain unchanged. Over the past three years,
Celanese has received approximately $238 million in dividends
from the venture.
Total invested capital in
the project is expected to be approximately $400 million.
The engineering and
construction of the facility is expected to begin by 2011.
The facility is envisaged to go on-stream by 2013, using
methanol already being produced by IBN SINA. This represents
a key feedstock for the production of POM, an engineered
performance chemical product specifically used in automotive
industries as well as in mechanical and construction fields.
It also has many other industrial applications.
The new facility will
boost SABIC’s position in the performance
chemicals industry as an important part of its 2020 strategic
plan. It also provides wider prospects for the Saudi national
downstream industries to enter automotive and other advanced
industries.
2010/4/1SABIC
SABIC strengthens
technological achievements by developing advanced polypropylene
catalyst
As a result of its commitment to innovation, Saudi Basic
Industries Corporation announces its development of a more
advanced technology for the manufacture of polypropylene. This is
a fourth
generation catalyst which
can be used in several vital applications, the most important of
which are packaging, carpets, piping, and
automotive parts.
日本ポリプロ資料
This catalyst is a
technological breakthrough, being the first of its kind developed
in the Gulf and Middle East. Experiments conducted by SABIC at
its plants Saudi Arabia and Europe confirm the catalyst’s ability to provide impressive
results, making it superior to other catalysts currently used in
the same area. This discovery will contribute to increased
productivity, enhanced quality and new product development. It
opens many windows for possible future application.
The new catalyst has been applied commercially in the SABIC
affiliate, Saudi European
Petrochemical Company (IBN ZAHR), and has demonstrated superiority
over the previously used catalyst. By using the catalyst,
production reached nearly 30,000 tons of polypropylene as at end
of March 2010. This quantity was sold to local and international
markets.
Mohamed Al-Mady, SABIC Vice Chairman and CEO praised the
dedication of employees at the company’s Technology & Innovation
division, saying “Your efforts have yielded this
milestone, which is in line with the corporate goals and
strategic plans of strengthening our position among the world’s leading petrochemical companies.”
He continued, “I can assure you that SABIC
continues to improve its working environment in order to advance
innovation and creativity in all the company's sites around the
world.”
Mr. Al-Mady added, “This milestone reflects
constructive cooperation between SABIC’s different sectors working as an
integrated team. This will add economic value and strengthen
SABIC’s competitive position in the
polypropylene industry and further its long-term relationships
with its customers.”
SABIC, which is the
world’s sixth largest petrochemical
company, is also the world’s fourth largest producer of
polypropylene.
Apr 3, 2010 Reuters
Saudi SABIC-Japan JV
starts output at expanded unit
Saudi Basic Industries Corp 2010.SE (SABIC) said it started on
April 1 commercial production at a 2.8 million tonne expansion of
a petrochemical joint-venture with Japanese partners including
Mitsubishi.
In a statement posted on the bourse website, SABIC -- the world's
biggest chemical firm by market value -- said the third expansion
phase of Sharq would bring the overall capacity of the complex to
5 million tonnes per year.
Sharq is a joint venture equally owned by SABIC and SPDC Ltd, a
Japanese consortium led by the government of Japan and a
consortium of companies led by Mitsubishi.
April 20, 2010 U.S.-Saudi
Arabian Business Council
SABIC Plans Iron and Steel Plant in Jubail Industrial City
SABIC has announced that it will build a new iron and steel plant
with an annual capacity of one million tons in Jubail Industrial
City by
2012.
SABIC increased its iron
and steel production by 7 percent and captured 62 percent of the
local market in the first quarter of 2010. A recent 35 percent
rise in steel prices to $187 (SR700) per ton may make the venture
even more profitable.
2010/4/20 SABIC
SABIC signs agreement
with KAUST to launch new research and innovation center
Saudi Basic Industries
Corporation (SABIC) signed today a long-term
research and innovation agreement with King Abdullah
University of Science and Technology (KAUST). The agreement calls for the
construction of the SABIC Research andInnovation Center at University campus,scheduled to begin
operations in 2012.
The agreement, signed on
behalf of SABIC by Dr. Abdulrahman bin Saleh Al-Ubaid, Executive
Vice President, Technology and Innovation, and on behalf of KAUST
by Dr. Mohamed Samaha, Senior Vice President for Economic &
Technology Development, creates the framework whereby SABIC
provides construction funding for the SABIC Researchand Innovation
Center, as well as support for research on the jointly agreed
industry/academic projects to be undertaken there.
HH Prince Saud bin
Abdullah bin Thenayan Al Saud, Chairman of the Royal Commission
of Jubail and Yanbu and SABIC Chairman, expressed his pride in
the cooperation and noted that the long-term investment would
bring excellent returns at both the scientific and economic
levels - and show strong leadership in innovation that leads to
economic development both domestically and globally.
Mohamed H. Al-Mady, SABIC
Vice Chairman and CEO, commented on the agreement saying that
cooperation between SABIC and KAUST would lead to many
innovations and technical solutions that serve the industrial
sectors in Saudi Arabia, the region and the world. He noted that
the long-term cooperation with KAUST would also launch creative
careers in research and technical fields and further strengthen
SABIC’s leader position in technology
and innovation fields for years to come.
KAUST President,
Professor Choon Fong Shih, said, “From its early commitment as a
founding member of our Industrial Collaboration Program, SABIC
has demonstrated its understanding of KAUST’s unique capabilities which enable
us to build synergies among research, education, innovation and
enterprise, as well as to harness science and technology to
address global challenges of our time - for the benefit of the
Kingdom and beyond.”
SABIC joins a number of
international institutions partnering with KAUST to support
education and economic development through scientific innovation
that will, over time, deliver advances conforming with the vision
of the University’s founder, Custodian of the Two
Holy Mosques, King Abdullah Bin Abdulaziz Al Saud.
The SABIC
Center for Research and Innovation will work to strengthen the
collaboration and innovative goals shared by SABIC and KAUST, and
employ between 100 and 150 scientists on research and technology
projects, especially in the areas of catalysis,
composites and membranes. When completed, it
will join two other technical centers now being developed in Shanghai (China)
and Bangalore (India) as part of a global network
numbering sixteen research centers.
The signing of the
agreement happened simultaneously with the start of a two-day
global technology leadership review at KAUST. Technology leaders
from Saudi Arabia, Europe, America and Asia reviewed the research
centers and capabilities at KAUST, especially in the field of
sustainability.
SABIC Innovative
Plastics Global Application Technology
Center
・
Application
Development Center
・
Southfield,
Mich, USA
・
Polymer
Processing Development Center
Pittsfield,
Mass, USA
・
European
Processing Center
Bergen op
Zoom, the Netherlands
・
Europe
Technology Center
Munich,
Germany
・
China
Technology Center
Shanghai,
China
・
Welch
Technology Center
Bangalore,
India
・
Moka
Technology Center
Moka, Japan
August 29, 2010
Sabic Signs Technology
Licensing Agreement With Germany’s Lurgi
Saudi Basic Industries Corporation (SABIC), announced Sunday that
it has signed an agreement with Lurgi GmbH, a German firm, for
the technology licensing and engineering that will allow SABIC to
produce oleo-chemicals at its affiliate, Saudi Kayan
Petrochemical Company (Saudi Kayan), following the completion of new
facilities to be constructed in Jubail, Saudi Arabia.
Start up of the new production line is planned for the end of
2013 and will utilize renewable feedstock technology. “The feedstock used for this
process is based on natural raw materials from renewable oils
such as palm kernel oil and coconut oil. The use of renewable feedstock is
part of SABIC’s overall commitment to
sustainability and strong corporate citizenship,”
said SABIC
Executive Vice President, Technology & Innovation,
Abdulrahman Al-Ubaid.
“SABIC’s diversification into
oleo-chemical products is in line with the company’s strategy and drive to increase
its performance chemicals portfolio. SABIC’s expansion of the ethylene oxide
derivatives business, with particular emphasis on ethoxylate
surfactants, will further be strengthened through backward
integration into natural fatty alcohols.”
The new
oleo-chemical plant will be the first of its type in the Middle
East and includes an upstream natural acid unit, a
wax-ester unit, a hydrogenation unit, a downstream natural
alcohol fractionation and distillation line, as well as a
complete glycerin line. The complex will be designed for
the production of 83,000 tons per year of distilled
natural alcohols of
various compositions that are commonly used in household and
laundry products, plasticizers, lube additives, plastic
industries, cosmetics and personal care. Glycerin is used in food
and beverage processing, personal care, pharmaceuticals and other
applications.
2011/8/16
Saudi Kayan, China's Sinopec sign
natural alcohols plant deal
Saudi Kayan Petrochemical Co has signed a Saudi riyal (SR) 488m ($130.1m,
€90.0m) contract with China's Sinopec Engineering Inc for the construction
of a distilled natural alcohols plant at Al-Jubail in Saudi Arabia, Saudi
Kayan said on Tuesday.
The plant will have a capacity of 50,000 tonnes/year and should be
operational by the second half of 2013, added Saudi Kayan, which is
35%-owned by Saudi major SABIC.
Sinopec Engineering Inc, part of integrated petroleum and petrochemical
company Sinopec, will supply detailed engineering and equipment and carry
out the construction of the plant, Saudi Kayan said.
The plant, which will be the first of its kind in the Middle East, will meet
part of SABIC's commitment to diversify into oleochemicals using renewable
feedstocks and increase its performance chemicals portfolio, it added.
The renewable feedstocks process will be based on natural raw materials from
renewable oils such as palm kernel oil and coconut oil.
Distilled natural alcohols are used in household and laundry products,
plasticisers, lube additives, plastic industries, cosmetics and personal
care products.
2011/3/1
SABIC and ExxonMobil
Elastomers Project joint venture moves into FEED stage
Saudi Basic Industries
Corporation (SABIC) and affiliates of ExxonMobil Chemical
announced that work on their proposed elastomers project joint
venture has moved fully into Front-End Engineering and Design
(FEED). 概念設計・FSの後に行われる基本設計
SABIC and ExxonMobil have
selected Jubail Industrial City as the site for the new
manufacturing units following a comprehensive evaluation of a
number of variables, including integration
opportunities with their existing petrochemical joint venture at
KEMYA, to
determine the best location for producing these specialty
products.
As previously
announced,
plans would establish a domestic supply of more than 400 KTA of
rubber, thermoplastic specialty polymers (EPDM/TPE, TPO, Butyl,
SBR/PBR) and carbon black to serve emerging local and
international markets in Asia and the Middle East. The project
also includes a vocational training institute and product
application development and support center, which is aligned with
Saudi Arabia’s National
Industrial Clusters Development Program to grow and diversify the
Kingdom's manufacturing sector.
The project
has reached the optimal industrial layout with the move to
Jubail. During FEED both partners, SABIC and ExxonMobil, are
targeting development of a globally competitive project with
best-in-class industry cost.
SABIC and ExxonMobil
Chemical award contracts, sign technology agreements for proposed
new elastomers project
Saudi Basic Industries
Corporation (SABIC) and affiliates of ExxonMobil Chemical
announced that Front-End
Engineering Design (FEED) contracts were awarded and that all
components are in FEED phase for the proposed new elastomers
project at their Al-Jubail Petrochemical Company (KEMYA)* joint
venture petrochemical plant.
FEED contracts were
awarded to Jacobs Engineering Inc. and Mitsui
Engineering & Shipbuilding for process units and to Fluor
Transworld Services Inc. for associated support facilities.
"This
elastomers project will be the basis for the creation of a
world-class rubber value chain in Saudi Arabia and a valuable
extension of our offering of products and services to our
customers in key markets," said Koos van Haasteren, SABIC
executive vice president, Performance Chemicals.
“In
addition to supporting local industry, the expansion at the KEMYA
joint venture in Al-Jubail would provide additional new capacity
of butyl rubber and EPDM (ethylene propylene diene monomer)
specialty elastomers to meet the growing global demand for these
products,” said Neil Chapman, senior vice
president, Polymers, ExxonMobil Chemical Company.
The project is expected
to establish a domestic supply of more than 400,000
metric tons of rubber[butyl, styrene butadiene rubber (SBR),
butadiene rubber (BR) and EPDM], thermoplastic specialty polymers
and carbon black
to serve emerging local and international markets in Asia and the
Middle East. The project also includes the establishment of a
vocational training center and product application development
and support center, aligned with Saudi Arabia’s National Industrial Clusters
Development Program to grow and diversify the manufacturing
sector in Saudi Arabia.
The University of Akron
Research Foundation was selected to design, train and support the
vocational training center, The High Institute for Elastomer
Industries* , in Yanbu, Saudi Arabia.The training center
will utilize the University's expertise in polymer science and
education to provide elastomers technology vocational training
for workers to support a planned downstream elastomers conversion
industry in Saudi Arabia.
Additionally, a separate
product application development and support center will be part
of the new SABIC facilities at the Riyadh Techno Valley research
complex at King Saud University.
The final decision to
implement the elastomers project requires the approval of KEMYA’s Board of Directors.
---
2011/5/16 SABIC
SABIC and ExxonMobil’s joint venture KEMYA signs
agreements with Continental Carbon to furnish licensed technology
and market part production
Saudi Basic Industries
Corporation (SABIC) and ExxonMobil Corporation’s 50/50 joint-venture partner,
Al-Jubail Petrochemical Company (KEMYA), signed a long-term
technology licensing agreement with Continental
Carbon Company
for its production technology related to the construction and
operation of a new greenfield carbon black
plant at
KEMYA’s petrochemical complex at
Al-Jubail, Saudi Arabia.
KEMYA and Continental
Carbon Company have also signed a long-term
product off-take agreement in addition to the technology license. Under terms of the agreement,
Continental Carbon will market part of the production of the new
KEMYA carbon black plant to serve the local and international
tire industry.
Continental Carbon
Company is one of the world’s prominent carbon black
manufacturers and its production technology has been successfully
demonstrated in operating plants all over the world. Continental
Carbon also has relationships with customers globally, making it
well-positioned to market the KEMYA carbon black. Continental
Carbon continues to grow its carbon black business globally,
including this venture with respected leaders in the chemical
industry.
The final decision to
implement the carbon black project requires the approval of KEMYA’s Board of Directors.
2011/5/17SABIC
SABIC and Sinopec invest
in polycarbonate plant with 260 kilo metric tonnes capacity in
China
Saudi Basic Industries
Corporation (SABIC) and China Petroleum & Chemical
Corporation (Sinopec Corp.) today announced a memorandum of
understanding (MOU) to collaborate on polycarbonate
production in China.
This new agreement will
add to SABIC’s joint-venture with Sinopec, SSTPC (Sinopec
SABIC Tianjin Petrochemical Company). A joint investment between both
companies will fund a new polycarbonate production plant with an
annual capacity for 260 kilo metric tonnes.
Fully operational since
2010, Tianjin-based SSTPC (a 50:50 JV and established in October,
2009) produces various petrochemical products, including
Ethylene, Polyethylene, Ethylene Glycol, Polypropylene,
Butadiene, Phenol and Butene-1, among others.
The new polycarbonate
production plant will be located in SSTPC and is expected to be
operational by 2015. It will leverage SABIC’s world-class advanced
polycarbonate technology using phosgene and
Dichloromethane 塩化メチレンfree process. The performance properties of
purity, transparency and continuous process will bring local PC
resin capabilities to a diverse customer base in China.
Sabic
Innovative Plastics (formerly GE Plastics), Bayer, Asahi/Chi
Mei and MitsubishiChemical/MitsubishiGasChemical have independently
developed and are using non-phosgene processes. In addition,
Teijin and LG are also developing phosgene-free routes.
They all take the same overall
approach where polymerisation relies on the
transesterification エステル交換反応 of DPC with BPA.
Mohamed Al-Mady, SABIC
Vice Chairman and CEO, said: “This new and exciting milestone is
a strong endorsement of our partnership with Sinopec.Today’s announcement will strategically
position both companies as world-class producers of essential
petrochemical supplies to meet increasing global demands for
customers in China. Importantly, this agreement has set the stage
for further growth in high-performance engineered thermoplastics.”
Wang Tianpu, Vice
Chairman and CEO of Sinopec said: “Sinopec’s agreement on polycarbonate
collaboration is another fruition of the deep and productive
partnership with SABIC. Our partnership with SABIC is a good
showcase of the close trade ties between China and Saudi Arabia.
This investment plays critical role in perfecting our value chain
and in enhancing our competitiveness. The project will drive
local economic development, satisfy growing demands for
polycarbonate in Asia Pacific and has significant importance to
Chinese Petrochemical industry and local industry in Tianjin.”
Polycarbonate is an
essential plastic used for producing components for automotive
parts, compact discs, and a variety of consumer products as well
as other industrial components.
Today, SABIC in Asia has
seen strong double digit growth, with 41 offices, 10
manufacturing sites and 5 Technology & Innovation Centers
across 13 key Asian markets servicing a portfolio of customers
across diverse industries.
ーーー
2011/5/17 SABIC
SABIC Accelerates Growth
in Asia with Key Investments in Polycarbonate and new Technology
& Innovation Centers New investments reflect Asia as
the fastest-growing region for SABIC globally
Saudi Basic Industries
Corporation (SABIC) today reiterated its commitment to growing its
presence in Asia
with new investments of two Technology & Innovation
Centers in China and India, and a new project to produce polycarbonate (PC)
in China.
SABIC Chairman, His
Highness Prince Saud bin Abdullah bin Thenayan Al-Saud commented
from Guangzhou, Guangdong, “These new investments reflect
SABIC’s dedication to further expand our
home market in Asia and highlights the importance we attach to
our customers, partners and employees. In addition to these
investments, SABIC is constantly improving assets, expanding
offices across Asia, exploring other opportunities, and seeking
new partnerships.” Prince Saud is currently visiting
China for a series of high-level meetings with officials from the
private and public sectors and supporting SABIC’s participation in Chinaplas 2011.
Asia is SABIC's fastest
growing region with strong double digit growth since its
establishment in 1985 and it has clearly become the most
important engines of growth for SABIC globally.
“Our
strong presence in Asia reflects our ambition to be the preferred
petrochemical supplier in this important region. SABIC has
embarked on a series of infrastructure expansions as part of our
growth plans here. These include our offices, manufacturing and
Technology & Innovation operations across 13 key markets,
supported by 2,000 employees. Our focus remains on helping our
customers create products that would improve the quality of life
around the world,” said Mohamed Al-Mady, SABIC Vice
Chairman and CEO, at a media conference held alongside Chinaplas
2011.
Commitment to local
partnerships
A key milestone of these new investments is the signing of a
memorandum of understanding (MOU) with Sinopec to collaborate on
PC production with an annual capacity of 260 kilo metric tonnes
in China. The new PC production plant will be located in
Tianjin-based SSTPC (SINOPEC SABIC Tianjin Petrochemical Company)
and is expected to be operational by 2015.
This MOU further
strengthens SABIC’s partnership with SINOPEC, which
started in October 2009 with the establishment of SSTPC. Fully
operational since 2010, SSTPC produces key petrochemical products
to customers across diverse industries in China.
Expanding T&I and operations
SABIC is strengthening its presence in the regions with two
upcoming Technology and Innovation
(T&I) centres
strategically located in China and India.
The
T&I centre in Shanghai, China will house the new Greater
China Regional Headquarters (RHQ) occupying 60,000 sqm.This Centre will
oversee regional operations, sales and marketing, and
spearhead research and development of new and innovative
petrochemical products for Asia.
While the T&I centre
in Bangalore
spanning
187,000 sqm focuses on diverse areas of research. Both centres
are expected to be operational in 2013.
2011/6/15 SABIC
SABIC signs technology
agreement with Montefibre for fully integrated world scale carbon
fiber project in Saudi Arabia
Saudi Basic Industries
Corporation (SABIC) announced today that it has signed a
technology agreement with Montefibre S.p.A (Montefibre) granting SABIC and
its affiliates an extensive international licence on carbon fiber
technology
developed by Montefibre. SABIC will first use the technology for a new carbon fiber
plant to be built in Saudi Arabia. This plant demonstrates how SABIC
continues to add innovative new specialty products to its
offering. It will enable SABIC to serve the growing demand for
carbon fiber and composites in such fast-growing markets as
alternative energy, transportation and infrastructure.
SABIC and Montefibre also
signed a Memorandum of Understandingfor the companies
to study the feasibility of a new carbon fiber production
plant in Spain to be integrated into Montefibre’s existing acrylic fiber
production site-and
thus allowing SABIC to accelerate product development and
material qualification activities with customers and end-users.
Once complete, the carbon
fiber project is expected to establish a domestic supply of more
than
3,000 metric tons
of industrial grade carbon fiber to serve emerging local markets
in the Middle East as well as international markets.
Commenting on SABIC’s commitment to enter the carbon
fiber market, Koos van Haasteren, Executive Vice President,
Performance Chemicals, said, “This carbon fiber project will be
the basis for the creation of a world-class carbon composites
value chain in Saudi Arabia and a valuable extension of our
offering of innovative products and services to our customers in
key markets. We are looking forward to developing many new and
exciting applications as we grow our ability to supply
competitive industrial grade carbon fiber products.”
Commenting on SABIC’s decision, Emilio Boriolo,
Montefibre President and CEO, added “We are very proud of this
opportunity of technical partnership with SABIC. Montefibre will
bring in its experience and enthusiasm to help SABIC reach its
ambitious goals.I wish that the success of this
initiative will result infurther collaboration between our
companies.”
The project will also
include the creation of a new carbon fiber product development
center and composite plastics application development
capabilities at the SABIC Plastics Application Development Center
(SPADC) which is currently under construction at the Riyadh
Techno Valley research complex at King Saud University. Both the
carbon fiber production plant and the SPADC capabilities are
aligned with Saudi Arabia’s National Industrial Clusters
Development Program to grow and diversify the manufacturing
sector in Saudi Arabia.
Derek Buckmaster, General
Manager Functional Polymers, also highlighted: “Carbon fiber is a product which
will offer our customers great value and will enable them to
achieve their sustainability targets. For example, reductions in
greenhouse gas emissions in transportation markets such as
automotive, heavy trucks and rail are enabled by weight
reductions from utilizing lightweight carbon fiber composites.”
He further noted that the
fibers and derivatives introduced by this project will allow
SABIC to serve growing markets for traditional thermoset-based
composites, and also enable SABIC to utilize its deep expertise
in thermoplastic technologies to develop a broader range of short
cycle-time composite solutions-all of which promotes the use of
carbon fiber composites in applications that have not been able
to benefit from the intrinsic strengths of carbon fiber
composites.”
Plastics materials supplier Sabic is becoming a shareholder in
Inpro, a German automotive
technology and innovation company, the two companies announced at a
briefing in Berlin Wednesday.
Sabic VP Automotive Greg Adams said the full agreement should be effectively
closed “sometime in October”, while a joint communication says it will
officially close before the end of the year, subject to regulatory approval.
The other shareholders in Inpro are automotive OEMs
Daimler and Volkswagen, electrical and electronics company
Siemens, steel company ThyssenKrupp and the
federal German state of Berlin.
Plastics and paint materials supplier BASF was a
shareholder in Inpro - through BASF Coatings - from 2001 until the end of 2010.
IWKA group, which owns robotic specialist company Kuka, has also been a past
shareholder in Inpro.
Inpro helped BASF develop back-moulded painted film mouldings that match painted
steel bodywork. In 2008, this technique was applied to the black thermoplastic
injection moulded roof element, made by Decoma, between the windscreen and roof
opening of the VW Passat CC car.
Inpro’s projects have also included optimisation of online painting process
chains and simulation of sheet metal forming.
Günter Walz, a vice president at Mercedes-Benz, represents Daimler on the Inpro
supervisory board, and at the briefing he welcomed Sabic as shareholder,
highlighting the company’s involvement in glazing and lightweight composite
solutions.
Walz told European Plastics News that a lack of simulation software for carbon
fibre composites has limited the wider use of it in cars. Also, the automotive
industry would prefer the cycle time for epoxide resins cut to several seconds,
rather than minutes.
Although stakeholder ThyssenKrupp did not attend the Berlin briefing, a
statement in connection with the event noted the potential for “R&D in
plastic/metal hybrid components” through Sabic’s shareholding in Inpro.
Inpro was established in 1983, when BMW and Berlin
Technical University were among the founding shareholders. The company has
around 100 employees today and public records show €5.9m turnover in 2010,
compared with a peak level of €7.4m in 2008. 2010 turnover was made up of €4.7m
for joint Inpro partner projects, €1.4m for direct contracts and €0.972m for
projects supported by public funds.
At the Berlin briefing, Inpro managing director Gerd Eßer said that the
accumulated value of development work performed by Inpro has amounted to €170m
since the company was founded.
Eßer said that projects are now very much focused on electro-mobility and new
automotive drive systems such as batteries and fuel cells.
Walz rejected a suggestion that the announcement the previous week of an
exclusive development co-operation between Daimler and BASF on the Smart
Forvision car could conflict with Sabic and Daimler’s involvement as Inpro
shareholders.
He added: “Partner projects will only involve those things that do not mean
competitive disadvantage in innovation platforms. It is more about opportunity
than risk”.
Finally, Adams stressed that Sabic is widening its already wide plastics product
portfolio beyond its traditional engineering thermoplastics and polyolefin
materials. The company is now looking at new acrylic, carbon fibre composite and
elastomeric materials.
-----------
PLASTICS: SABIC Buys into Germany's Inpro
From Europe this morning comes news that
Saudi Arabia-based SABIC has agreed to become a stakeholder in German
automotive technology specialist Inpro. PRW.com reports that at a
briefing held in Berlin yesterday, SABIC's v-p of automotive, Greg
Adams, said an agreement should be concluded sometime in October,
although a joint communication stated it would be concluded before
year-end.
Both Daimler and
Volkswagen are also shareholders in Impro, along with Siemens and
ThyssenKrupp and the German State of Berlin. It would appear that
SABIC's involvement in the firm is aimed at development of
carbon fiber composites and research into
plastic/metal hybrid components. According to PRW.com, Gunter
Walz, a v-p at Mercedes-Benz that represents Daimler on the Inpro
supervisory board, highlighted SABIC's involvement in automotive
glazing and lightweight composite solutions. Walz is reported to have
told European Plastics News that a lack of simulation software
for carbon fiber composites has limited wider use of the material in
cars.
While a representative of
ThyssenKrupp did not attend the briefing, the company provided a
briefing note that highlighted the potential for R&D in plastic/metal
hybrid components.
Inpro Managing Director Gerd Eßer
told attendees that current projects are highly focused on
electro-mobility and new automotive drive systems such as batteries and
fuel cells.
At the briefing, SABIC's Adams
emphasized that his company is widening its already wide plastics
product portfolio beyond its traditional engineering thermoplastics and
polyolefin materials and now looking at acrylic - carbon fiber composite
and elastomeric materials.
Indeed, last April SABIC, Asahi Kasei
Chemicals Corp., and Mitsubishi Corp. announced they had signed an
agreement to form a joint venture to manufacture acrylonitrile (AN) and
sodium cyanide (NaCN). The j-v company, operating as
Saudi Japanese Acrylonitrile Co., will
construct manufacturing facilities at Jubail Industrial City in Saudi
Arabia with each of the partners handling their respective sales and
distribution.
Commenting on that project at the
time, SABIC Vice Chairman and CEO Mohamed Al-Mady said, “"A key driver
for the project is Saudi Arabia’s National Industrial Clusters
Development Program aimed at growing and diversifying the Kingdom's
manufacturing sector.” He also noted that “AN and NaCN are very
important chemicals for downstream diversification into Acrylonitrile
Butadiene Styrene (ABS), Carbon Fiber, Acrylic Fiber, Acrylamide and
others which serve various industries such as automotive, construction,
water treatment, oil recovery, personal care, consumer goods,
pharmaceuticals, electronics, gold mining and many others. “
ーーー
We transfer results dynamically and flexibly from research to industry.
Our goal is to research, develop and utilise advanced production systems, in
particular for the automotive industry.
This allows us to provide you with a technological advantage in the key
competitive factors of costs, time and quality.
INPROInnovation companyfor advancedproductionsystemsin the automotive industry
INPRO Innovationsgesellschaft
für fortgeschrittene Produktionssysteme in der
Fahrzeugindustrie is a joint venture by the companies Siemens, ThyssenKrupp,
Daimler and Volkswagen. The Federal State of Berlin has also held shares in the
company since its foundation in 1983.
The primary objective is to drive innovations in production engineering forward
and to transfer research results to industrial applications. Our partners in
cooperation projects benefit from obtaining and building on technological
advances in production. Our international clients in science and industry are
therefore able to access a unique portfolio of skills and take advantage of
INPRO's extensive expertise when introducing and implementing production
innovations in the automotive industry.
Achieving this goal starts with the search, identification and evaluation of
ideas and innovative impulses, and leads to the development of user-oriented
solutions, their exemplary implementation and support right through to their
deployment at partners’ or other customers' sites. The joint work of all
involved parties on ideas and their implementation within the network results in
an advance in knowledge, which is difficult to copy and therefore leads to
sustainable competitive advantages.
INPRO project work is performed in four areas of competence
• Process simulation,
• Production systems and information processes,
• Manufacturing and automation technology and
• Layering and fastening technologies
and is supplemented by the Technology Watch Group. At this time, INPRO employs
about 60 technical/scientific employees, supported by around 30 part-time
employees. Practical work is carried out in INPRO's own testing facility.
Turnover amounts to roughly 7 million euros.
as well as numerous partners in research and development (BAM, DKFI, Fraunhofer
Institute, etc.).
December 24 2012
SABIC units ink deal to build Jubail plant
Two affiliates of Saudi Basic Industries Corp (SABIC) have signed initial deals
to build an ultra-high molecular-weight polyethylene (UHMWPE)
plant in Jubail, Saudi Arabia's major industrial hub, Saudi Kayan said on
Monday.
Saudi Kayan and Petrokemya will equally own and
finance the project, located at Kayan's petrochemicals complex, Kayan said in a
statement to the Saudi bourse, without giving a cost figure.
The plant will have production capacity of 35,000 tonnes
per year and is expected to start production in the second half of 2014.
UHMWPE is used in industrial applications including batteries and industrial fibres.
Kayan said in April that the plant would use ethylene from its olefins plant and
in June, US firm Jacobs Engineering said it would conduct engineering and design
work for the plant.
2013/5/23 AMEinfo
SABIC opens its first engineering thermoplastics and polypropylene compounding
facility in Jubail
Saudi Basic Industries Corporation (SABIC) has further demonstrated its national
growth commitment by opening its first engineering
thermoplastics compounding facility as well as a new polypropylene compounding (PPc)
plant, at its manufacturing affiliate, Saudi
Specialty Chemicals Company (SPECIALTY CHEM), in
Jubail, Saudi Arabia.
PETROKEMYA, 99%, and SABIC Industrial
Investments Company 1%
製品:Tri-Ethyl aluminum (TEAL), TPO/PP Compounds, PC Compounds, ABS Compounds,
and Specialty Products
These new facilities in conjunction with
initiatives like the National Industrial Cluster Development Programme (NICDP)
will help create jobs and act as a catalyst, generating new opportunities in
downstream industries such as building & construction, automotive, electrical,
healthcare and appliances.
With the goal of enabling customers to further differentiate their products and
brands from competition, these facilities will make it easier to access a
diverse material offering, provide local options for custom color matching and
provide the potential for shorter lead times.
As a result, SABIC customers can continue to move forward to solve the
ever-changing needs and challenges in their dynamic industries.
"These new facilities allow SABIC to further enable its customers' success by
providing them greater access to the diverse portfolio of unique products from
SABIC's Innovative Plastics business, and helping them to deliver further
differentiated solutions to the market. Both the engineering thermoplastics
compounding and polypropylene investments bring SABIC closer to its customers in
the Middle East, Africa, Turkey and India, enabling them to get to market
faster," said Mohamed Al-Mady, SABIC Vice Chairman and CEO.
In the initial phase, the engineering thermoplastics compounding plant will
produce SABIC's LEXAN, CYCOLOY, XENOY and VALOX resins. These are commonly used
engineering thermoplastics spanning multiple industries from consumer
electronics to healthcare, from transportation to building and construction.
The PPc plant will produce glass, chalk and talc filled grades that will
strengthen SABIC's global footprint and serve customers in auto and non-auto
sectors.
August 6th, 2013 albawaba.com
American Firm to own 25% of Giant Saudi
Phosphate Joint Venture
US-based Mosaic, a top producer of phosphate and potash, will own 25 per cent of
a new phosphate production joint venture in Saudi Arabia with Saudi Arabian
Mining Company (Ma'aden) and Saudi Basic Industries Corporation (Sabic).
The companies, which signed the shareholders’ agreement recently, have been
working toward the agreement since a Heads of Agreement was signed in March.
Ma'aden, Mosaic and Sabic will own 60, 25 and 15 percent
of the joint venture, respectively, a statement said.
Mosaic is the world’s largest
combined producer of potash and phosphates,
two vital plant nutrients The world needs us: population is growing
fast, and farmland is not. That means farmers have to generate more food
from every acre, and our crop nutrients are essential to their quest.
We have 8,400 people working to
serve agricultural customers in approximately 40 countries around the
world.
Our largest centers of operation are
in Central Florida, where we mine and process phosphates, and in
Saskatchewan, where we produce potash. Our headquarters are in Plymouth,
Minnesota.
We’re investing billions of dollars
to expand our mining and production capacities.
We’ve been a publicly traded company
since 2004, and today we are in the top 250 companies in the Fortune
500.
We’re responsible corporate
citizens. We keep our promises from mine to market.
The estimated $7 billion greenfield project, to be known as
Wa'ad Al Shamal, or Northern Promise, Phosphate Project,
will be built in the northern region of Saudi Arabia at Wa'ad Al-Shammal
Minerals Industrial City, and in Ras Al Khair Minerals Industrial City which is
located on the east coast of Saudi Arabia.
The highly cost-efficient project is expected to have a production capacity of
3.5 million tonnes of finished phosphate per year.
Operations are expected to commence in late 2016.
Under the terms of the agreement, Mosaic will contribute expertise to the
design, construction and operations of the new facilities and acquire a 25 per
cent ownership stake.
In connection with its equity share, Mosaic will market approximately 25 per
cent of the joint venture's product, including phosphate fertilizer and animal
feed. Subject to final financing terms, Mosaic's cash investment is expected to
be up to $1 billion, funded over a four-year period beginning in 2013.
The plant will produce about 3 million tonness of fertiliser products, as well
as 440,000 tonnes of downstream products including purified phosphoric acid used
in food industries, sodium tripolyphosphate used in detergent manufacturing, and
dicalcium phosphate & monocalcium phosphate used in producing animal feed,
according to a report in Arab News.
"We are pleased with the progress on our joint venture with Ma'aden and Sabic,"
said Mosaic president and chief executive officer Jim Prokopanko.
"This cost-effective project will allow Mosaic to extend our ability to serve
key growing agricultural markets. Our growing global reach further enables us to
fulfill Mosaic's mission, to help the world grow the food it needs, while
delivering compelling shareholder value
2013/8/21 ameinfo.com
World's largest CO2 purification and
liquefaction plant to be built at SABIC affiliate, UNITED
The United Jubail Petrochemical Company (UNITED), a manufacturing affiliate of
the Saudi Basic Industries Corporation (SABIC), has awarded the Engineering,
Procurement and Construction contract for its
Carbon Dioxide Utilization Project
to Germany's The Linde Group to build the world's largest CO2 purification and
liquefaction plant.
The plant will be designed to compress and purify about
1,500 tons per day of raw carbon dioxide coming from ethylene glycol plants.
The purified gaseous CO2 will be supplied through pipes to three SABIC-affiliated
companies for enhanced methanol and urea production.
Methanol is a basic commodity for the chemical industry, and urea is used for
fertilizer production. An estimated 500,000 tons of CO2 emissions will be saved
each year.
Yousef Al-Zamel, SABIC Executive Vice President, Chemicals Strategic Business
Unit, said, "The project will contribute significantly to SABIC's growth
strategy. It will add to SABIC's business portfolio of industrial gas products.
This is the first of many other similar projects to be executed next year."
The plant will also be capable of producing 200 tons per
day of liquid CO2 with food grade quality which will be stored and
thereafter supplied by truck to the beverage and food industry. It is the first
carbon capture and utilization (CCU) project to be realized in Saudi Arabia. The
reduction of CO2 emissions is an important aim in SABIC's sustainability
strategy.
Jubail
United Petrochemical Company
LOCATION
Al-Jubail
PARTNERSHIP
SABIC (75%), Pension Fund (15%), General
Organization of Social Insurance (10%)
Saudi Kayan drops plans to build new petchem plant
Saudi Kayan has dropped plans to build
an ultra-high molecular-weight polyethylene (UHMWPE) plant in Jubail, one of
Saudi Arabia’s major industrial hubs, it said.
In 2012, Kayan and Petrokemya, both affiliates of
Saudi Basic Industries Corp. (SABIC), signed a memorandum of understanding to
equally own and finance the project, located at Kayan’s petrochemicals complex.
Kayan said in a statement on the Saudi bourse that preliminary results of an
economic feasibility study were not in line with the company’s growth plans.
It did not say if the decision was taken jointly with Petrokemya.
In its 2012 announcement, Kayan said the plant would have production capacity of
35,000 tons per year and start production in the second half of 2014. No
financial estimates were given.
UHMWPE is used in industrial applications including batteries and industrial
fibers.
Nov 29 2013 SABIC
SABIC reaffirms commitment to India
and innovation; HH Prince Saud inaugurates a major new technology center in
Bengaluru
Prince Saud bin Abdullah bin Thenayan Al-Saud,
Chairman of SABIC and Chairman of the Royal Commission for Jubail & Yanbu,
officially opened the company’s state-of-the-art SABIC
Technology Center (STC) in Bengaluru
(Bangalore), India today in a ceremony which marks a significant
milestone for SABIC in India. The center, built with an initial investment
of US$ 100 million, is one of
17 SABIC global R&D centers of excellence. The STC, with an area of
187,000 sqm, is home to over 300 scientists from India – a critical mass of
some of the best and brightest talent from this vibrant country.
In welcoming the state Governor, Government
Ministers, state and national government officials to the inaugural event,
Prince Saud thanked all for their efforts in helping create a cutting-edge
research facility in Bengaluru and said, “We are extremely proud to be here,
in a city that is a world-renowned center for technology in India. Saudi
Arabia and India have a long history of deep relationships. We believe in
the future of India – a rapidly developing nation where partnership and
inclusive development is a priority. India is an important market for us in
Asia, which is why our investment here is significant.”
From SABIC’s perspective, the key to
success here involves partnership and cooperation among governments,
scientists and the business sector to promote science, technology and
innovation. Today, we are joined by our valued customers and business
partners to achieve long term success.
Echoing Prince Saud’s comments, Mohamed
Al-Mady, Vice Chairman and CEO said, “SABIC as a company grounded in
developing material solutions has innovation, ingenuity and collaboration at
its core, helping us to achieve a deeper understanding of our customers and
their business. This major center in Bengaluru is an integral part of our
global R&D strategy. In this center the scientists here are carrying out
cutting-edge research into new platforms for next-generation materials
across industry sectors including Construction, Clean Energy, Electrics and
Electronics, Medical Devices, Transportation. Other initiatives include
designing greener building materials to reduce environmental footprints and
developing eco-friendly products in response to global megatrends and
needs.”
The inauguration ceremony was presided
over by Chief Guest, Governor of Karnataka, Dr. Hans Raj Bhardwaj and also
Guests of Honor – Honorable Union Minister of Minority Affairs Shri K
Rahman Khan, and Honorable Minister of State (Independent Charge) Shri
Srikant Kumar Jena, Ministry of Chemicals & Fertilizers; Statistics &
Programme Implementation, Government of India, along with several senior
government officials, customers, academia, business partners, and
employees.
Speaking at the event, Honourable
Minister of State (Independent Charge) Shri Srikant Kumar Jena, Ministry of
Chemicals & Fertilizers; Statistics & Programme Implementation Government of
India, said, “SABIC’s investment in Bengaluru further strengthens the long
standing relations between Saudi Arabia and India, and we welcome more
partnerships from other companies from the Kingdom.”
The STC Bengaluru – Innovating for
tomorrow’s needs
Alongside another technology center
slated to open in China in early December, the Bengaluru facility
builds on SABIC’s two existing dedicated application centers in the
region – one in Moka 真岡, Japan,
and the other in Sungnam, South
Korea. With these centers, SABIC has 17 Technology & Innovation facilities
globally including its centers in Saudi Arabia, the USA, the Netherlands and
Spain.
Ernesto Occhiello, SABIC’s Executive Vice
President, Technology and Innovation, said: “We are gathering some of the
best and brightest talent from India to shape the future of our R&D efforts.
Both centers together host a critical mass of professionals and are an
indication of SABIC’s commitment to be the preferred technology partner for
Asian customers as well as the employer of choice for the best talent from
the region.”
Janardhanan Ramanujalu, Vice President,
SABIC South Asia & ANZ said: “The launch of the SABIC Technology Center in
Bengaluru is a clear reflection of SABIC’s commitment to India, and is a
very important milestone for us. The center will therefore play a pivotal
role in delivering innovative products and solutions, while harnessing local
talent coupled with the infusion of hi-tech local expertise and knowledge
into the country, including scientists and engineers who are returning from
overseas.”
Commitment to Sustainability and the
environment
The STC in Bengaluru is also designed
with a strong environmental and sustainable ethos and a zero-discharge
facility. The energy and water consumption of the facility will be
minimized. SABIC is also firmly committed to – and is already supporting –
several community and CSR initiatives around the STC. Key projects
undertaken include the Hosahalli Lake restoration project, reconstruction of
Hosahalli Government School, a Community Resource Center in Hosahalli
Village and bus shelters around the vicinity.
----
Dec 02 2013
SABIC reaffirms commitment to China
and innovation; inaugurates a major new technology center in Shanghai
Prince Saud bin Abdullah bin Thenayan Al-Saud,
Chairman of SABIC and Chairman of the Royal Commission for Jubail & Yanbu,
officially opened the company’s state-of-the-art SABIC
Technology Center (STC) in Shanghai, China today in a ceremony which
marks another significant milestone for SABIC in China. The center, built
with an initial investment of US$ 100 million,
is one of 17 SABIC global R&D centers of excellence. Also at the ceremony
was His Excellency Yahya Al Zaid, Ambassador of Kingdom of Saudi Arabia to
China.
The 60,000 sqm
state-of-the-art complex houses close to 500 employees including 170
application development and materials technologists. In addition, it also
serves as the new Greater China head office for all Shanghai-based employees
including R&D and supporting functions.
“SABIC is a company grounded in
developing material solutions and has innovation, ingenuity and
collaboration at its core, helping us to achieve a deeper understanding of
our customers and their business. SABIC is committed to being an inclusive
growth partner in the markets we operate in.” said Mohamed Al-Mady, Vice
Chairman and CEO, SABIC.
Innovating for tomorrow’s needs
The new STC in Shanghai will be leading
the development for portable consumer electronics, working closely with OEMs
across the globe. It will also focus on developing next-generation
innovative technologies and solutions to help our customers address some of
the most pressing issues in China and the region across major industry
sectors including Construction, Clean Energy, Electrics and Electronics,
Medical Devices, Transportation. The overall R&D focus at the STC in
Shanghai will be on meeting the needs of our customers in the Greater China
and North East Asia.
Ernesto Occhiello, SABIC’s Executive Vice
President, Technology and Innovation, said: “We are gathering some of the
best and brightest talent from China to shape the future of our R&D efforts.
This center hosts a critical mass of professionals and is an indication of
SABIC’s commitment to be the preferred technology partner for our China
customers as well as the employer of choice for the best talent.”
SABIC is also continuing to strengthen
its technology and innovation leadership in China and the region by
deepening its academic partnerships in China. SABIC will sign a new
agreement with its partner of almost two years, Dalian Institute of Chemical
Physics (DICP), to research and develop advanced processing technologies to
produce chemicals from alternative feedstock. The project is part of
SABIC’s broader strategy of developing next-generation technologies to drive
the future of its business and contribute to customers’ success. As part of
the agreement, SABIC will be an active participant to the DICP community,
deploying scientists or assignment and contributing with funding for
academic activities. Furthermore, it will bolster its sponsored research
primarily regarding the conversion of fossil feedstock to chemicals.
The center significantly enhance SABIC’s
R&D footprint in Asia, building on the existing infrastructure of its
application centers – one in Moka, Japan, and the other in Sungnam, South
Korea.
January 22 2014 REUTERS
SABIC expects to enter US shale market
this year
Saudi Basic Industries (SABIC) is in talks with several US firms to invest
in the US shale gas industry, and expects to enter the market this year,
Chief Executive Mohamed Al-Mady said.
"We're currently in talks with a few big
names in the US for investment in shale gas. We expect to enter the market
sometime this year. This will be great for SABIC and will globalize our
operations," he said.
Al-Mady, speaking to Reuters at the World
Economic Forum in Davos, later said the investment would be
in downstream operations.
He did not elaborate on the size or type
of US shale gas operations that SABIC was contemplating, or reveal its
potential partners.
Last year Al-Mady said SABIC, one of the
world's biggest petrochemical producers, planned to build a shale gas
cracker in the US.
Any investment would not be heavy in the initial stages, Al-Mady said,
adding the company had no urgent funding needs so he doubted it would tap
the bond market this year.
"We hope our profit will increase next
year. There won't be any significant investment in the coming two to three
years. Most of the shale investment will come in 2017."
2014/1/27 SABIC
SABIC in new iron ore
exploration joint venture agreements with National Company
for Industry and Mining in Mauritania
SABIC is conducting a
feasibility study and is carrying out iron ore
exploration at the Atomai Mines in
Zouerate, northern Mauritania, under joint
venture agreements with the Mauritanian company,
National Company for Industry and
Mining.
Announcing this
strategic move at the Mauritania Investment Forum in
Nouakchott, Mauritania on January 26, Abdulaziz Al-Humaid,
SABIC Executive Vice President, Metals Strategic
Business Unit, said that excavation work as part of the
agreements began last September and is expected to
continue for three years.
Under the agreements
a new company, Mauritania Saudi
Mining and Steel Company (TAKAMUL) has been
established. Besides carrying out the exploration work
and conducting the feasibility
study, TAKAMUL will also work towards
obtaining the required mining
licenses.
SABIC has made this
strategic move to strengthen its position as the largest
steel manufacturer in the Middle East and to secure
cost-effective and quality raw materials.
SABIC will make a
decision on whether to continue investing in the project
after the outcome of the exploration and feasibility
study. The ultimate aim of the project is to produce raw
material for the company’s plants in the Kingdom and
export any surplus to targeted markets.
Initial estimates
indicate that the Atomai Mines have a reserve of 500
million tons of iron ore. The technical study could
possibly reveal even higher reserves of up to a billion
tons. Atomai Mines are known for their high content of
high quality iron, among the best in the world, with a
low cost of extraction.
SABIC’s decision on
investing in the Atomai Mines project is the result of a
technical and economic study conducted by a specialized
SABIC team, which had also studied various other
investment opportunities.
The project is the
first investment by SABIC in any Arab and African
country, demonstrating the company’s strategy of
expanding its operations and geographical reach in
competitive and promising markets.
Sabic aims to shore up raw material
sources for its plant in Saudi Arabia, with surpluses expected to be
sold to targeted markets.
Sabic はAl Jubail に100%子会社のHADEED
Saudi Iron & Steel Company を持つ。
May 15, 2014 SABIC
SABIC, Lockheed Martin to partner on carbon
nanostructure materials
SABIC and Lockheed Martin have announced the
launching of a partnership to explore the establishment of a new joint
venture company in Saudi Arabia to develop carbon
nanostructure materials for a variety of end markets and
applications.
Under a newly
signed Memorandum of Understanding (MOU), SABIC and Lockheed Martin will
coordinate on the development, industrial validation, testing, scale-up,
production and sale of carbon nanostructure materials and carbon
nanostructure infused products.
Commenting on the joint venture MoU,
Ernesto Occhiello, SABIC Executive Vice President, Technology & Innovation,
said the memorandum was part of an initiative to develop new specialty-based
business opportunities for SABIC and develop higher value-added businesses
in Saudi Arabia. “We are happy that Lockheed Martin has shown their
intention to share their newly developed technology with SABIC. An
innovative partner like Lockheed Martin is indeed valuable to us, and we
hope the initiative will be the beginning of a longer term relationship with
the company.”
A carbon nanostructure is a cross-linked
and highly entangled arrangement of carbon nanotubes on a base material.
Carbon nanostructures can be grown at scale on various substrates and formed
into materials with superior structural and conductive properties.
“We believe the combination of Lockheed
Martin’s advanced nanotechnologies with SABIC’s premier capabilities will
lead to exciting opportunities for innovative, new materials,” said Dale
Bennett, Executive Vice President of Lockheed Martin Mission Systems and
Training. “As we partner with SABIC, Lockheed Martin is proud to expand our
nearly 50 year relationship supporting the Kingdom’s people, industry,
government and academia.”
27 May 2014
SABIC
SABIC signs joint venture agreement with
Korea’s SK Global Chemical to manufacture high-performance polyethylene
products
SABIC and the Korean petrochemical
company, SK Global Chemical (SK総合化学), signed a
50-50 joint venture agreement in Seoul, South Korea, on May 26
for a total investment of US$ 595 million
to manufacture a range of high-performance
polyethylene products using SK’s cutting edge
Nexlene™ solution technology. The agreement
was signed by Mohamed Al-Mady, SABIC Vice Chairman and CEO, and Ja-Young
Koo, SK Innovation Vice Chairman and CEO, and is subject to regulatory
approval.
Nexlene is a high performance
polyethylene of which all procedures such as the catalyst,
processes, and the product were developed by SK’s own technology in
2010. It is used to high value films, interior materials of
automobiles and shoes, and cable insulation.
Compared with the existing
polyethylene, this high performance polyethylene is stronger to the
impact and has higher reinforced transparency and machinability.
Only a few major chemical companies such as Dow Chemical and Exxon
Mobile have been producing this product.
SK Global Chemical is
constructing a 230,000 TPY Nexlene factory in the Woolsan CLX and
will begin its mass production in the end of 2013. The high value
polymer market is growing by 10% every year and SK Global Chemical
is planning to rise as a major player in the high value polymer
market through the mass production of Nexlene.
The joint venture, which is located
in Singapore, is expected to operate a
series of manufacturing plants, the first of which was recently
completed by SK Global Chemical at its complex in
Ulsan, South Korea, with an expected annual capacity of 230,000
tons. The plants will produce metallocene linear low density
polyethylene, polyolefin plastomers and polyolefin elastomers that will
meet the growing needs of diverse industries such as advanced packaging,
automotive, healthcare, footwear and electrical & lighting.
A second plant is planned for
Saudi Arabia. Over time, production bases
will be established worldwide.
After the signing ceremony, Al-Mady
commented, “We are happy to establish this partnership with SK Global
Chemical and bring the best in advanced material science closer to our
expanding customer base in Asia. The joint venture is a clear
demonstration of our commitment to continually deliver efficient,
technology-based solutions to our customers and further improve the way
we face major growth markets.”
Cha Hwa Youp, SK Global Chemicals
CEO, said, “Nexlene will serve as a growth engine for both of our
companies. The joint venture will continue to upgrade Nexlene Technology
and set up production bases at locations that exhibit competiveness in
the high-end polyethylene industry.”
Mosaed Al-Ohali, SABIC Executive Vice
President, Polymers Strategic Business Unit, said that the new venture
will allow both partners to enter the highly specialized
high-performance polyethylene market, providing premium and high value
polymer products to customers around the world. “Our new partnership
with SK Global will complement our comprehensive polymers portfolio with
an innovative new product line, enabling us to offer cost effective,
efficient and customer-focused solutions in Asia and beyond,” he said.
Giving a technological perspective,
Ernesto Occhiello, SABIC Executive Vice President, Technology and
Innovation, said that this solution, based on metallocene technology,
will enable the two companies to manufacture a wide range of materials.
“These technologies will benefit both
converters and end customers through better performance, processibility
and final product properties. Excellent impact strength, enhanced
toughness, superior transparency, low heat seal temperature, incremental
output and improved organoleptic properties are just a few of the
competitive advantages that this technology can deliver,” he said.
These unique properties and
characteristics offer a range of possibilities for the development of
innovative product applications. The packaging industry can benefit from
lighter versions of Nexlene (mLLDPE) to produce films to manufacture
flexible food packaging and wrapping materials. They can also be used in
pipes for greater variations as well as in consumer goods, such as
roto-moulded articles.
Polyolefin
elastomers find applications in a number of industries where
elasticity is important including impact modifiers in the automotive
industry, footwear in consumer markets and wire coatings in utilities
and construction industries.
The ethylene-octene copolymer
POPs will primarily target heat-seal layer and polypropylene
injection molded part modification applications. Medical
applications are also under consideration.
Polyolefin
plastomers are specifically designed to provide excellent heat
seal strength for a variety of packaging products to help provide inner
sealing, adhesive and air/moisture barrier layers.
The joint venture marks the second
instance in which SABIC is investing in manufacturing capability in the
Far East after its successful partnership with the China Petrochemical
Corporation (Sinopec). SK Global Chemical is a pioneering petrochemical
company in Korea, being the first in the country to build a naphtha
cracking facility in 1972. Through continuous facility investment, R&D
and technological improvement, the company has maintained its position
as the leader of the petrochemical industry in Korea.
2014/10/23
Saudi’s SABIC Says Won’t Expand
Petrochemicals Venture With Shell
SABIC and Shell first announced plans to
explore an expansion of their petrochemical plant in 2012.
Saudi Basic Industries Corp will
not move ahead with plans to expand an existing petrochemical joint
venture (SADAF) with Royal Dutch Shell in Saudi Arabia as the results of
feasibility studies were not encouraging, SABIC said on Thursday (2014/10/23) ,
according to state news agency SPA.
“Shell and SABIC have agreed not to pursue
this investment further but have agreed to continue to have constructive
discussions to explore other opportunities for expansion,” a Shell spokesman
said in a statement on Thursday.
SABIC, one of the world’s largest
petrochemical groups, said the decision would not have any impact on its
earnings, according to a statement on the Saudi bourse website.
The expansion was due to add
polyols, propylene oxide (PO)
and styrene monomer. SABIC did not say by how much the plant was due to
be expanded nor gave an estimated cost.
Shell chemicals companies are among the
leading suppliers of polyether polyols, with a
product range and global reach unrivalled by most of our competitors. We
support our high quality CARADOL* polyether polyols with professional sales
staff, specialist technical services for key customers, and advice on
health, safety and environment issues.
CARADOL polyether polyols are
derived from propylene oxide. They
are organic materials with two or more alcohol end-groups (OH)
and sometimes with micrometer polymer particles present in
suspension. When polyether polyols and isocyanates are reacted
together they form polyurethanes.
Oct 29, 2014 Reuters
2011/3/25 Saudi
Aramco と
Sinopec、サウジで製油所建設
Major new Saudi-Sinopec refinery to export in
Dec-sources
The first fuel exports from a major
new Saudi Arabian-Chinese refinery will load in December, slightly later
than expected, three industry sources said.
The
400,000-barrel-per-day (bpd) Yanbu Aramco Sinopec Refining Co (Yasref)
refinery started trial runs in September and originally planned its
first exports by November.
Saudi Aramcoが62.5%、
Sinopecが
37.5%出資
Yasref is the second refinery to
start up in Saudi Arabia in the past two years, and will complete state
company Saudi Aramco's transformation into a leading exporter of diesel.
The shipment will be
off-specification high sulphur gasoil, according to one of the sources.
The sources said it had faced
some problems with commissioning, which is a normal when new refineries
start up. The construction of the refinery was complete, the sources said,
but more tests needed to be done.
"Commissioning is on the way,
the crude distillation unit is producing naphtha and intermediate products
but full stream of production takes time," said one industry source.
"By around December they will
ship out the first product (cargo)."
The state-owned refiner has not
detailed plans for its 37.5 percent share of output from the refinery.
Sources said it will export some
naphtha initially as the operator tries to stabilize gasoline-making units.
Officials at Yasref could not be
reached for comment.
Sinopec will target Europe and
East Africa for diesel shipments from the refinery with the first clean
diesel cargo due in the first quarter of next year.
2015/1/5 menafn.com
Saudi- SABIC signs JV with Molecular Rebar
Design to develop nanomaterials
SABIC and Molecular Rebar Design have signed
a joint venture agreement to develop and commercialize nanomaterials for select
market segments and applications.
The joint venture Black Diamond Structures LLC will
develop manufacture and commercialize products based on Molecular Rebar Design's
unique and revolutionary carbon nanotube (CNT) technology
Molecular Rebar.
CNTs when made commercially consist of large entangled bundles of nanotubes. These
bundles are far less useful than discreet or individual nanotubes.
Molecular Rebar are discreet open ended highly functionalized CNTs
that are free
from catalysts and waste matter and are demonstrated to advance the science and
applications for nanomaterials.
Beginning in 1985, carbon nanotube
discoveries were praised for their potential to create significant
improvements in material science. In fact, CNT’s had so much theoretical
potential and such broad potential application they were anointed as a
generational change in materials design and performance.
Yet, until now, the promise of CNT
performance never materialized. The major impediment was the inability
to unbundle CNT’s and separate them into their optimum
form – discrete tubes.
Even today, all other methods of
manufacturing CNT’s – through arc furnaces, laser ablation, or fluid-bed
reactors – result in “fuzzy balls,” which are composed of highly entangled
CNT’s. These fuzzy balls hinder or prevent the dispersion of the individual
CNT tubes, which is required to achieve the theoretical optimums proposed by
current material-science theories.
An ideal product would also be
functionalized to adhere to the receiving material and be fully dispersed to
insure consistent properties and performance. As expected, the inability to
optimize CNT’s resulted in commercially insignificant improvement in the
properties of the receiving materials and prevented widespread
commercialization of CNT’s.
Our patented process starts with today’s
commercially available, fuzzy-ball laden, but nonperforming CNT’s. Through a
set of proprietary operations, the CNT’s are separated into discrete tubes —
and with aspect ratios(アスペクト比:先端直径に対して長さ) in the ideal 60-100 range. Then they are dispersed in
formulations that maintain the single tube composition. The uniform mixture
is then made into master batches (either solid or liquid), which can be
efficiently and safely shipped to customers.
Another great advantage of our
Molecular Rebar™ is that, at the customer conversion sites, it can be used
with existing equipment and processes.
The patented MRD manufacturing method
addresses the critical issues presented above. The breakthrough provides a
continuous process that results in the production of untangled CNT’s, which
we call Molecular Rebar®.
Black Diamond Structures LLC will focus on
applications in select market segments including Energy Storage、Energy
Generation、Automotive & Light Truck、Consumer Electronics and Construction.
Commenting on the joint venture Ernesto Occhiello SABIC executive vice president
technology andinnovation said Black Diamond Structures LLC is aligned to SABIC's
2025 strategy and part of the drive to develop higher value-added specialty
businesses globally and in Saudi Arabia.
'SABIC believes that nanotechnology is an important part of the future. We focus
on making nanointermediates more viable for industrial implementation via
improved scale-up ease/effectiveness of use and partnership with customers. We
believe the new JV is well aligned with emerging market needs and thus is poised
for accelerated deployment and development for both existing and new
applications.'
Kurt Swogger CEO of Molecular Rebar Design said: 'We believe the synergistic
combination of Molecular Rebar Design's advanced nanotechnologies with SABIC's
commercial and manufacturing capabilities will lead to many exciting
opportunities for innovative new materials in high growth market segments.'
May 10, 2016 Reuters
Saudi Aramco says to sign chemicals project
MOU with SABIC
National oil giant Saudi Aramco expects soon to sign a memorandum of
understanding with Saudi Basic Industries Corp for a joint
oil-to-chemicals project, chief executive Amin Nasser said on Tuesday.
SABIC has previously said the proposed project could cost as much as $30
billion, processing petrochemicals directly from crude oil
instead of first refining the oil into products such as naphtha.
"It makes absolute sense as Aramco is specialised in oil and refining, and SABIC
in petrochemicals," said one industry source familiar with the project, adding
that the scheme could create as many as 100,000 jobs directly and indirectly.
Aramco's participation could benefit SABIC by giving it better access to funding
as well as assistance in marketing products, said Mazen al-Sudairi, head of
research at Al-Istithmar Capital.
"The change in feedstock prices prompted SABIC to change strategy - they want to
produce specialty products - and with Aramco possibly joining them as an
investor, it will open a big door for them," he said.
ーーー
November 26, 2017
Saudi Aramco and SABIC sign MOU
to develop innovative Crude Oil to Chemicals Complex
Saudi Aramco
and SABIC have signed a memorandum of understanding (MoU) to
develop a fully integrated crude oil to
chemicals (COTC) complex in the Kingdom of Saudi Arabia,
which governs the execution of the Front End Engineering Design
(FEED) before a final investment decision is made.
The COTC complex is expected to
process 400,000 barrels per day of crude
oil, which will produce approximately 9 million tons of
chemicals and base oils annually and is expected to
start operations in 2025.
Saudi Aramco President and
CEO Amin H. Nasser said, “This project converges the commercial
and strategic interests of both Saudi Aramco and SABIC, while
reinforcing Saudi Aramco’s efforts to optimize the investment of
our petroleum resources. COTC will also help expand our
downstream portfolio, reducing our focus on the transportation
sector and securing new and promising commercial opportunities.”
SABIC Vice Chairman and CEO
Yousef Abdullah Al-Benyan said: "This venture will contribute to
the realization of one of the major
aspirations of Saudi Vision 2030, namely achieving
economic prosperity by boosting our investment capacity,
diversifying the economy and creating jobs for Saudi nationals.
It will help strengthen our economic growth and attract
world-class quality investments thanks to our unique and
strategic geographic location."
Al-Benyan added: "Today is a
historic day, marking the complementary nature of the
relationship between SABIC and Saudi Aramco because it is the
first time the two largest economic entities in Saudi Arabia
jointly enter into a strategic partnership to achieve a
pioneering and innovative new technology. Once completed, this
project will not only be the largest crude oil to chemicals
complex in the world, it will also set a new competitive
threshold thanks to the project's mass scale and the benefits
derived from our joint collaboration. The project will,
therefore, help achieve the respective growth ambitions of Sabic
and Saudi Aramco and further establishes the Kingdom as one of
the pioneers in the petrochemicals industry."
This announcement marks a
historic alliance between the two largest Saudi global entities,
in addition to solidifying the Kingdom’s position as a global
leader in chemicals by substantially increasing production and
further maximizing value across the entire hydrocarbons chain
through integration. The COTC complex will be constructed based
on an innovative configuration that achieves crude oil to
chemicals conversion that is unprecedented in the industry.
This MoU follows the Heads of
Agreement (HoA) signed in June 2016 between the two companies,
which governed the feasibility study for the development of a
fully integrated petrochemicals complex in the Kingdom. A Saudi
team developed innovative COTC configurations derived from
best-in-class refining and chemical technologies.
The complex is expected to
create an estimated 30,000 direct and indirect jobs, further
stimulating the Kingdom’s economic diversification. By 2030 the
COTC complex is expected to have 1.5% impact on the Kingdom’s
Gross Domestic Product (GDP), with investments being shared
equally by both companies.
Consistent with the Kingdom’s
Vision 2030 economic transformation program, this project will
support the creation of a world-leading downstream sector in
Saudi Arabia, built on four key drivers: maximizing value from
the Kingdom’s crude oil production via integration across the
hydrocarbon chain; enabling the creation of conversion
industries to produce semi-finished and finished goods to help
diversify the economy; developing advanced technologies and
innovation; and enabling sustainable development in alignment
with the Kingdom’s National Transformation Program.
Saudi's SABIC agrees petrochemicals project
with China's Shenhua
Saudi Basic Industries Corp (SABIC),
one of the world's largest petrochemicals groups, said on Monday it had
signed an agreement with Shenhua Ningxia Coal
Industry Group to build a petrochemical
complex in China.
SABIC said in a statement the joint
project would be a "greenfield petrochemical complex" located in the
Ningxia Hui Region(寧夏回族自治区)
of China. The Chinese company is a unit of Shenhua Group Corporation
Limited.
No financial details or time frame
for the project were given. SABIC said the companies would now work on
getting approvals from Chinese authorities for the complex.
Sep 7, 2016
Saudi's SABIC sells Polymershapes unit to U.S. firm
Saudi Basic Industries Corp (SABIC) 2010.SE has agreed to sell its
Polymershapes unit to U.S. investment firm
Blackfriars Corp, SABIC said without giving a value for the deal.
The deal is expected to be completed during the fourth quarter of this year,
SABIC said late on Tuesday, adding that the unit was a
non-core business and its divestment would not affect SABIC's
distribution of other products or have a substantial impact on its finances.
The unit is the world’s largest distributor of plastic
sheet, rod, tube and film, serving over 35,000 customers with a
distribution network of more than 75 branches in the United States, Canada,
Mexico and Chile, according to a 2013 statement by SABIC.
Although Polymershapes is profitable, owning it is no longer in line with
SABIC's plan to strengthen its business by 2025, Tuesday's statement quoted
acting chief executive Yousef al-Benyan as saying.
Benyan told Reuters in May that his company was evaluating whether to sell some
of its assets in the specialties plastics business, with a decision expected by
the end of this year.
One of the world's largest petrochemicals firms, SABIC has been suffering like
many companies in its industry from the impact of falling oil prices, which are
correlated with petrochemical prices.
------------
Polymershapes is
the world’s largest distributor of plastic sheet, rod, tube, film, and
associated products, with 70+ years of industry-leading heritage.
Our roots stretch back to the 1940’s, when two businesses were formed, each
focused on selling plastic sheet and fabricated parts. These small enterprises –
Cadillac Plastics, based near Detroit, and
Commercial Plastics, founded near Philadelphia –
grew steadily over the ensuing decades, adding products, capabilities and
services, and opening sales branches throughout North America, to become the two
largest distributors in the plastics industry.
In 2000, both companies were purchased by GE Plastics,
and became one, taking on the new identity of GE
Polymershapes.
In 2007, GE Plastics and Polymershapes were acquired by SABIC, a leading global
petrochemicals company.
Since then, the people of Polymershapes have continued to broaden our expertise,
our portfolio, and our branch network, setting the standards for excellence in
the plastics distribution industry.
2016/9/2
SABIC, SNCG agree on possible China chemical
JV principles
SABIC, along with Shenhua Ningxia Coal Industry Group Co. Ltd. (SNCG 神華寧夏煤業集団)
and the government of the Ningxia Hui Autonomous Region 寧夏回族自治区
of China, have agreed on a set of principles for cooperation in the further
development of a potential joint venture (JV) between SABIC and SNCG to build a
greenfield coal-to-chemicals complex.
The facility will focus on highly-differentiated applications and segments
through polymers derivatives.
The project will be located in the Ningxia Hui Autonomous Region. The agreement
includes certain commitments from the Ningxia government to provide support and
incentives to the project, while also providing a framework for coordination and
cooperation between the three parties in connection with the project approval
process.
Cooperation between the parties, with respect to the coal-to-chemicals project,
contributes to the Chinese government’s “Belt & Road Initiative,” expanding the
economic ties and bilateral trade between Saudi Arabia and the People's Republic
of China.
The project would leverage the shareholders’ respective best practices,
operational experience, and technologies in the petrochemical industry.
The project would benefit from SABIC’s participation through the utilization of
SABIC’s technologies, and access to SABIC’s global Technology & Innovation
Centers would be provided for product development, technical support and
application development programs. SABIC would also leverage its global marketing
and customer service capabilities.
The project would also benefit from the participation of SNCG, which is an
affiliate of Shenhua Group, one of the largest coal producers and suppliers in
China, as well as a global coal-based, integrated energy and chemicals company.
A further benefit is the project’s location in the Ningxia Hui Autonomous
Region, which is one of the largest coal-producing regions in China, and the
incentives and support that will be provided by the Ningxia government.
Reuters
SABIC chief calls for consolidation
in Saudi petchems
Saudi petrochemicals firms should merge
to boost their competitiveness and look to expand abroad, the head of
major industry player SABIC told Reuters on Monday.
The firms have enjoyed decades of cheap
feedstock prices. But Saudi authorities began
slashing subsidies in 2016, as a collapse in oil prices cut into
state finances, prompting a search for efficiencies in the industry.
“This program is clearly defined to push companies for
more efficiencies and bring them into a
mode where they become more competitive with the
global players,” Saudi Basic Industries Corp. (SABIC) CEO Yousef
Al-Benyan said in an interview
Other Saudi petrochemicals firms should “look at ways and means to
consolidate,” he said.
“If 2020 comes and you are not really a player with a global footprint
... and you don’t market your own product, I think it will be very
difficult for you to maintain competitive positions.”
SABIC has already begun this process, completing
an acquisition of the remaining 50 percent stake in its SADAF project
from Shell Arabia in August.
It is also considering integrating three affiliates,
SAFCO, Ibn Al-Baytar and Al-Bayroni, which
are located next to each other in Jubail, eastern Saudi Arabia. The
companies can share feedstock, maintenance and leadership costs, said
Benyan.
SABIC is looking at possible acquisitions in North
America, China and Africa in both the
speciality and commodities portfolios, Benyan said, but declined
to elaborate.
He told Reuters in May SABIC was evaluating opportunities in the range
of $3 billion to $6 billion.
OUTLOOK AND PROJECTS
SABIC posted its biggest profit since the second quarter of 2015 this
quarter, as a recovery in crude prices buoyed earnings.
Sales prices for core products were up an average of 5 percent and
expenses were reduced, while losses at its
restructured Hadeed division (Saudi Iron & Steel Company) dropped by
more than half, said Benyan.
SABIC’s 2017 Q2 earnings fell mainly due to a loss of SAR 578
million incurred by Steel Industry Company (Hadeed), as well as a
decline in prices for most of the company’s products, CEO Yousef Al-Benyan
said in a conference call.
The restructuring of Hadeed, announced last year, was finalized by
reducing costs by more than SAR 300 million in 2016 and about SAR
200 million this year.
The company’s outlook for the rest of
the year and into 2018 was stable, he added.
“We have stability in crude oil prices, we have stability in GDP growth.
I think this is very positive now, looking at 2018. I think 2018 will be
more or less like 2017 for us,” he said.
SABIC is also looking to expand globally to diversify feedstock inputs
and shield itself from oil price fluctuations.
Plans to build a
polycarbonate plant with Chinese state oil firm Sinopec are
moving ahead in China, where 70 percent of demand for the product is
expected to be, said Benyan.
Benyan said initial plans for
an oil to chemicals
project with state oil giant Saudi Aramco were to build it
in Yanbu, on the west coast of Saudi Arabia.
“I think this is a very strategic location. You can strengthen your
position to Africa, to Europe. Jubail still has an option to grow, but I
think the west coast is going to enable us not to concentrate all our
assets in one location,” he said.
24 August 2017
SABIC, Aramco offer bids for JV to convert crude oil to chemicals
The Saudi Basic Industries Corp (SABIC) and the Saudi Arabian Oil Co (Saudi
Aramco) offered bids for the engineering works of the joint venture (JV)
which will exceed $20 billion to convert crude oil to
chemicals, industrial sources on Thursday told Reuters.
This project is expected to process Arabian light and extra light crude oil,
Reuters reported, citing one of the sources as saying.
“Several plants are expected to be built, including a
400,000-barrels-per-day integrated crude distillation 原油蒸留and
vacuum unit, a distillate hydrotreater蒸留水素化,
a vacuum gas oil hydrocracker, a residual fluid catalytic cracking unit, a
mixed feed cracker, as well as polyethylene,
polypropylene, butadiene, and aromatics recovery units,” the agency
added.
The two Saudi firms are still searching for a location for their JV at Yanbu,
near the power plant, or in Jubail, close to Sadara, which is an Aramco JV
with US company Dow Chemical.
The deadline for engineering works and designs offers will be on 25
September, one of the sources indicated, noting that the JV's plant will be
opened by the end of 2024.
“It was a priority for the company to convert crude oil to chemicals as the
state oil producer aims to diversify operations in the run-up to an initial
public offering (IPO) of shares next year,” Aramco’s CEO Amin H.Nasser said.
-------------
The project, known as
COTC, the first major scheme to bring the two
giants together, is expected to process Arabian Light and Extra Light crude
oil, one of the sources told Reuters.
Several plants are
expected to be built including a 400,000-barrels-per-day integrated crude
distillation and vacuum unit, a distillate hydrotreater, a vacuum gas oil
hydrocracker, a residual fluid catalytic cracking unit, a mixed feed
cracker, as well as polyethylene, polypropylene, butadiene and aromatics
recovery units.
Aramco and SABIC are
still considering where to locate the chemicals site;
at Yanbu, near a power plant; or in Jubail, close to Sadara, which is
an Aramco joint venture with U.S. company Dow Chemical.
The closing date for bids for pre-front
end engineering and design work (pre-FEED) and FEED for the COTC is Sept.
25, one of the sources said, adding that the plant is expected to be
commissioned by the end of 2024.
Another source said
pre-FEED is expected to be completed by late 2018, with FEED to be finalised
by late 2019. Aramco and SABIC are expected to launch bidding for
construction by mid-2020.
SABIC did not
immediately respond to a Reuters request for comment. Aramco said it
“declines to comment on rumor or speculation”.
Aramco’s chief
executive has said it was a priority for the company to convert crude oil to
chemicals as the state oil producer aims to diversify operations in the
run-up to an initial public offering of shares next year.
Downstream, which covers refining and
chemicals, will help Aramco boost value from hydrocarbons by securing
revenue streams and become less vulnerable to oil price swings.
LESS GAS
Analysts say the
project will help reduce natural gas usage in
petrochemicals at a time when the kingdom is trying to
use more gas to generate power, rather than burning crude oil, as it
seeks to diversify its energy mix.
“What is new and
different is that the prices of crude and
gasoline/diesel have come down more than petrochemicals. This makes
the incentive to produce petrochemicals greater than to make gasoline and
diesel,” Mark Routt, chief economist for the Americas at KBC Advanced
Technologies, said.
“It certainly could
usher in a new ‘wave’ of investments in producing those petrochemicals,” he
said.
The project is
strategic for Saudi Arabia, which plans to expand further into the
petrochemical chain to export more end products and grow beyond oil.
It is also crucial for Saudi Arabia’s
economic reform plan and could create as many as 100,000 jobs.
SABIC’s CEO told Reuters in May that COTC
could produce more than 18 million tonnes of materials yearly.
2018/4/6
SABIC opens first POM plant
SABIC inaugurated the first ever polyacetal (POM) plant in the Middle East and
Africa region at its joint venture manufacturing affiliate,
The National Methanol Company (Ibn Sina), in Jubail
on Thursday, marking another milestone in its growth strategy in the highly
competitive global engineering thermoplastics industry.
The new plant, with a capacity of
50,000 metric tons, was opened in the presence of SABIC Vice Chairman and
CEO Yousef Al-Benyan, SABIC executives and representatives from the joint
venture partner, CTE, which is jointly owned by
Celanese Corporation and Duke Energy. The new plant
reflects SABIC’s 2025 strategy to provide new polymer solutions that answer
customer challenges for changing market requirements, while supporting the
development of local content in national industries, in line with the objectives
of Saudi Vision 2030.
Abdulrahman Al-Fageeh, executive vice president of petrochemicals at SABIC,
commented, “The startup of the plant reflects our strategic commitment to
diversify our solutions. We seek to create long-term value for our customers in
a range of industries, including automotive, building and construction, consumer
goods, appliances and lighting. This is how we create Chemistry that Matters.”
Marcel van Amerongen, vice president, Celanese added, “Ibn Sina is a fine
example of successful collaboration between two large industrial companies by
combining knowledge and a strong commitment. The new plant is expected to make a
long-term contribution to the local economy and support the growth of the
plastics industry.”
Polyacetal is a semi-crystalline thermoplastic material that has the potential
to replace metal in many applications due to its high strength, exceptional
dimensional stability and ease of machining. It makes an excellent candidate for
applications in diverse industries such as automotive, construction,
electronics, appliances, commodities, and consumer goods.
10 May 2018
SABIC plans to buy ONGC's stake in OPaL
Saudi Basic Industries Corp (SABIC),
the world’s fourth-largest petrochemical company, is seeking
to buy about half of the $4.6-billion
ONGC Petro Additions Ltd (OPaL), Reuters yesterday
reported, citing two sources familiar with the matter.
State-owned
Oil and Natural Gas Corp. Ltd (ONGC)
is a majority shareholder in OPaL with around 50 per
cent stake.
OPaL operates India’s
biggest petrochemical plant located in
Dahej, in Bharuch district of
Gujarat.
OPaL is a special
purpose vehicle created for executing the Rs13,500 crore
petrochemicals complex.
The 1.1 million tonnes
capacity petrochem plant was commissioned last year and
reached 100 per cent capacity in February this year.
OPaL has set up a grass root mega
Petrochemical project at Dahej, Gujarat in PCPIR/SEZ.
The complex's main Dual Feed Cracker Unit
has the capacity to produce 1100 KTPA Ethylene,
400 KTPA Propylene and the Associated Units
consists of Pyrolysis Gasoline Hydrogenation Unit, Butadiene Extraction Unit
and Benzene Extraction Unit.
The Polymer plants of OPaL has
2x360 KTPA of LLDPE/HDPE Swing unit,
1x340 KTPA of Dedicated HDPE and
1x340 KTPA of PP. All the major contracts have
been awarded and the construction is in full swing.
Earlier, several foreign
companies are also reported to be interested in
acquiring a stake in OPaL.
Last year, ONGC had held
talks about selling a stake in OPaL with Saudi Aramco
and Petrochemical Industries Co, a unit of Kuwait
Petroleum Corp, the report said.
An official of ONGC had
in March said, “We have invested Rs30,000 crore in the
project and always had plans to sell a minimum of 26 per
cent stake in the project to a strategic investor. “Now
that the plant has come up well and stabilised, this is
the time to monetise it.”
ONGC is seeking to sell
its stake in OPaL in order to fund the debt incurred
last year for the acquisition of Hindustan Petroleum
Corp.
SABIC, a diversified
chemicals company based in Riyadh, is the largest public
company in Saudi Arabia.
It manufactures on a
global scale in the Americas, Europe, Middle East and
Asia Pacific, making different kinds of products:
chemicals, commodity and high performance plastics, agri-nutrients
and metals.
SABIC was the world's
fourth-largest chemical producer and is currently the
second-largest global ethylene glycol producer. It is
also the third-largest polyethylene manufacturer, the
fourth-largest polyolefins manufacturer, and the
fourth-largest polypropylene manufacturer.
It is also the world’s
largest producer of methyl tert-butyl ether, granular
urea, polycarbonate, polyphenylene and polyether imide.
September 11, 2018
Saudi's SABIC signs MOU to build petrochemical complex
in China
Saudi Basic Industries Corp (SABIC) on Tuesday signed a
memorandum of understanding (MOU) with China’s
Fujian provincial government
福建省 to build a petrochemical complex.
SABIC is the third company to announce a large chemical
investment in China over the past two months.
SABIC did not give any details of the investment or a
timeline in a brief release, saying this is part of the
firm’s strategy to diversify its operations and
strengthening its position in the world’s top
petrochemicals market.
The deal comes as U.S. oil major
Exxon Mobil and Germany’s
BASF have separately announced plans to build
ethylene complexes in southern China’s Guangdong
province, part of the country’s massive petrochemical
building boom.
SABIC is already a partner with Chinese state oil and
gas firm Sinopec Corp in an ethylene plant owned by
Sinopec’s Tianjin Petrochemical Corp.
In Fujian on the east coast, Sinopec operates a
joint-venture refining, petrochemical complex in city of
Quanzhou in partnership with Saudi Arabian state oil and
gas firm
Saudi Aramco and Exxon Mobil.
The Chinese major is also building a separate ethylene
plant in Gulei 福建省古雷,
in the same province.
Gulei Petrochemical
09-18-2018
SABIC SIGNS MOU WITH CLARIANT
OUTLINING INTENDED TRANSACTION
@ SABIC’s stand-alone Specialties
business 2019年末までに設立
A Clariant (SABICが24.99%出資)との話がまとまれば、Specialties business の一部をClariantに移管
SABIC, the world’s third largest diversified
petrochemicals company, announced today that it is taking steps to establish
certain elements of its Specialties business as
a stand-alone business. The strategic purpose of this is to prepare the
Specialties business to participate in further organic and inorganic growth,
including a transaction under discussion with Clariant
AG, for which today both companies have signed a Memorandum of
Understanding . The MOU would enable Clariant to create a new,
“High Performance Materials” specialty chemicals
business as an exceptional global platform for growth.
The process to create SABIC’s stand-alone
Specialties business is anticipated to take until the end of 2019. Then, if
the transaction with Clariant proceeds, parts of
SABIC’s Specialties business – comprising its unique ULTEM™ and NORYL™
resins, and its families of LNP™ compounds and copolymers –
would be merged with Clariant’s additives and high
value masterbatch offerings, as part of the Clariant group, making
Clariant a uniquely positioned and competitively advantaged provider of
customer-specific high performance materials and solutions in the specialty
chemicals industry, headquartered in Switzerland and listed on the SIX Swiss
Exchange.
Yousef Al-Benyan, Vice Chairman and CEO,
said, “The establishment of SABIC Specialties as a stand-alone business,
together with the MOU with Clariant, represent part of SABIC's long-term
growth and diversification strategy. SABIC has a long and strong track
record of growing businesses through joint ventures and co-investment in
both listed and private companies. Uncoupling the Specialties business will
allow the unit to achieve accelerated organic and inorganic growth as
aligned with our broader corporate strategy of creating a sizeable, world
class Specialties company while creating additional value for our
shareholders, customers and talented employees.”
Al-Benyan continued, “For many years,
SABIC and Clariant have created value for our respective shareholders from
our close commercial ties. We will now seek to further develop this
strategic relationship at the highest levels of both companies to create a
leading provider of tailored specialty materials and technologies for the
benefit of both companies’ stakeholders and the advancement of the
specialties industry.”
“Clariant and SABIC's existing
Specialties business are complementary, and the investment in Clariant,
together with the intended combination of portions of our respective
specialty businesses, is well aligned with SABIC's strategy to open new
growth opportunities in specialty chemicals," Al-Benyan noted.
This announcement follows the recent
regulatory approvals of SABIC’s acquisition of its
24.99% interest Clariant, making SABIC the Swiss specialty chemicals
company’s largest shareholder. SABIC currently has no plans to launch or
otherwise effect a full takeover of Clariant AG.
Following completion of the intended
transaction, Clariant would form a new “High
Performance Materials” business area as an exceptional global
platform for growth. This platform, together with anticipated cost synergies
and operating efficiencies, aims to increase value for both companies’
stakeholders. The intended transaction would unlock the value of both
companies’ specialties offerings. The intended transaction is envisaged to
be signed during 2019 and to close at the beginning of 2020, subject to
regulatory approvals.
SABIC’s Specialties materials can be
found in applications for smart electronics, healthcare, aerospace,
automotive, robotics, additive manufacturing, and e-mobility. Each area of
focus demands adherence to stringent customer specifications in demanding
thermo-electro-mechanical environments, as well as the ability to meet
regulatory requirements, which can only be fulfilled with unique
technologies and formulation know-how.
5 November, 2018
SABIC to Establish New Company for
Agricultural Investments
Saudi Arabia’s SABIC announced its
decision to establish the SABIC Agri-nutrient
Investments company to consolidate all its equity shares and
assets currently held in several companies specialized in the production
of various agri-nutrient products.
The decision includes SABIC’s share of assets in
Al-Bayroni (Jubail Fertilizer Company) – 50 percent;
Ibn Al-Baytar (National Chemical Fertilizer Company) – 50 percent;
SAFCO 50%
GPIC (Gulf Petrochemical Industrial Company) – 33.33 percent; (National
Oil and Gas Authority (NOGA) Kingdom of Bahrain - 33.3%、Petrochemical
Industries Co. (PIC) State of Kuwait - 33.3%)
MPC (Ma’aden Phosphate Company) – 30 percent
Additionally, SABIC signed a
non-binding Memorandum of Understanding (MoU) with its subsidiary
SAFCO (Saudi Arabian Fertilizer Company) to facilitate the
integration of SABIC Agri-nutrient Investments with SAFCO.
The integration process is expected to be completed by the end of 2019.
SABIC owns 43 percent of SAFCO.(SABIC owns 42.99% with 57.01% being held
by the private sector and the public.)
Yousef Al-Benyan, SABIC Vice Chairman and CEO, said: “The integration of
our agri-nutrient production assets under one umbrella, represents part
of SABIC’s diversification strategy and transformation program to
achieve successful and sustainable long-term growth.”
“SABIC has a long and strong track record of growing businesses through
joint ventures and co-investment in both listed and private companies.
Integration of all our fertilizer production assets will allow SABIC and
SAFCO to achieve accelerated organic and inorganic growth, as well as
capture further operational synergies and increase overall production
efficiency.”
SABIC Agri-nutrients Strategic Business Unit and its Marketing, sales,
and technology and innovation functions will remain part of SABIC,
delivering the company’s 2025 strategy through its investment arms in
this sector.
December 31, 2018
South
Louisiana Methanol signs initial agreement with SABIC
South Louisiana
Methanol (SLM) and SABIC have signed an initial
agreement regarding a world-scale methanol plant
in St. James Parish, Louisiana. Closing of the
agreement is conditional upon regulatory
approvals and financing.
SABIC is a global
leader in diversified chemicals headquartered in
Riyadh, Saudi Arabia. It manufactures in the
Americas, Europe, Middle East and Asia Pacific.
“SLM is
pleased to announce the project agreement with
SABIC” said Paul Moore, CEO of South Louisiana
Methanol. “SABIC brings years of proven
methanol operating experience and a global
distribution network.”
The plant
will be the largest methanol production plant in
North America, with an annual capacity of more
than 2 million metric tons, and will supply the
domestic and international markets. The project
is expected to create approximately 650
construction jobs in Louisiana and elsewhere, 75
direct operating jobs and 350 indirect operating
jobs in Louisiana.
Todd
Corporation is one of New Zealand’s largest and most successful
privately owned companies with operating history dating back to 1884. As
New Zealand’s leading independent oil and gas
producer, Todd also has operations in Australia, Canada, the
United Kingdom, and the United States. Strong interests in oil and gas,
electricity generation, energy retailing, and a number of other energy
industries comprise the majority of its assets and revenues.
ZEEP is an Austin, Texas-based
energy company engaged in the development
of world scale projects that produce premium fuels and chemicals for
reliable supply to both domestic and export markets. ZEEP’s principals
have experience in the design, construction, and financing of energy and
chemical projects worldwide.
SLM is in advanced stages of
developing a world scale Methanol project in St. James Parish, Louisiana.
The project site in south Louisiana is
situated at the nexus of North American petrochemicals production and
prolific natural gas plays in Louisiana and Texas, with access to
world-class transportation infrastructure, and interstate and intrastate
natural gas pipelines.
The St James site has sufficient space
for at least five trains and the plant’s life is expected to be in excess of
30 years. The first train will produce approximately two million tonnes per
annum of methanol, with plant feed natural gas of approximately 65 PJ per
annum, for delivery to the United States Gulf Cost petrochemicals market and
potentially overseas markets
SLM – Train One
Nameplate capacity production of
~ 2 million metric tons per annum (“MMTPA”)
~ $2 billion production facility
Proven methanol technology based off
of existing operating facility; proven CO2 recapture technology
Front end engineering design
completed
Title V Air Permit has been received
Strategically located on the
Mississippi River in St. James Parish, Louisiana between Baton Rouge and
New Orleans
Seven natural gas pipelines exist
within a five mile radius
Location on the Mississippi River
provides access for both barges and deep water vessels
Land buttressed and with access to
major highway and rail line
Sabic selects Fluor for EPCM
work on resin plant upgrade in the Netherlands
Fluor Corp. was awarded an
engineering, procurement and construction management (EPCM) services
contract by The Saudi Basic Industries Corp. (SABIC) for the
recommissioning of its polyphenylene ether (PPE) resin plant in
Bergen op Zoom, the Netherlands. Fluor will book the
undisclosed contract value in the first quarter of 2019.
“We are pleased to support SABIC
with this important recommissioning project at the Bergen op Zoom
site where Fluor has more than 30 years of experience of providing
innovative solutions to the client,” said Simon Nottingham,
president of Fluor’s Energy & Chemicals business in Europe, Africa
and the Middle East. “Fluor’s proven track record in brownfield
projects and construction-driven execution will minimize disruption
at this complex operations site and provide cost and schedule
certainty.”
SABIC announced the project last
year, in response to high global customer demand for its PPE-based
Noryl resins, SABIC’s proprietary family of modified compounds.
Recommissioning the Bergen op Zoom PPE resin facility will provide
customers with a second source of Noryl resins globally, and affirms
SABIC’s commitment to the European market and global customers who
specify their Noryl resin material needs from Europe. When
operational, the Bergen op Zoom facility is expected to add more
than 40% global capacity over a 2017 baseline.
The 14-month project began in
January 2019 led by Fluor’s Bergen op Zoom office and will be
supported by Fluor’s Cebu office in the Philippines.
Sabic makes new investment in high-heat
Ultem, Extem resin capacity
The company's new production facility
in Singapore is due to come on-stream in the first half of 2021.
Chemical maker Sabic is making what it
calls “significant investments” in expanding the capacity of its
Ultem and Extem high heat
resin production by opening a new production plant in
Singapore.
The new facility is due to come on-stream
in the first half of 2021, Sabic said in a statement, making the company
“the only high heat resin producer with manufacturing capabilities in all
regions.”
In addition, Riyad, Saudi Arabia-based Sabic has made investments to expand
short-term capacity to support immediate growing demand.
Rudy Miller, director of Sabic’s high heat business, said that Ultem resins
offer elevated thermal resistance, strength and stiffness, as well as broad
chemical resistance. Ultem is compatible with extrusion, thermoforming,
extrusion blowmolding and injection molding processes.
Extem resin, meanwhile, meets even higher heat requirements than Ultem
resin, with enhanced creep and strength performance at elevated
temperatures. This resin has the capability to fill thin-wall, complex,
miniaturized parts, and provides IR transparency and lead-free soldering
options.
08/02/2018
SABIC ANNOUNCES PLANS TO EXPAND CAPACITY
FOR ULTEM™ AND NORYL™ RESIN PRODUCTION
SABIC announces plans to expand capacity for ULTEM™ and NORYL™ resin
production.
In response to customer needs, SABIC has announced projects in Asia and
the Netherlands designed to increase global capacity for two of its
high-performance engineering thermoplastic materials,
ULTEM™ and NORYL™ resins. To increase
capacity for ULTEM™ resins, a polyetherimide material, SABIC plans
to expand its existing footprint in Singapore
where it currently has compounding operations, pending final
government clearance. The planned new production facility in Singapore
is expected to go online in the first half of 2021. The company also
plans to recommission operations at its Bergen op Zoom PPE resin plant
in the Netherlands by the end of 2019 to produce polyphenylene ether (PPE),
the base resin for its line of NORYL™ resins and oligomers.
“Increased customer demand, especially in Asia, prompted the further
capacity expansion plans,”, said Ernesto Occhiello, Executive Vice
President, Specialties, SABIC. “While interim capacity gains for both
ULTEM™ and NORYL™ resins have been achieved, global demand for both
product lines has increased significantly, and SABIC is planning to
expand its capacity to support our customers’ growth aspirations. We
will continue to focus efforts to deliver the right capacity, in the
right global locations, at the right time to support our customers’
needs.”
ULTEM™ resins are currently produced in two locations, Mt. Vernon,
Indiana, and Cartagena, Spain. The planned operations in Singapore will
localize supply for customers in Asia, reducing lead times, especially
for shorter qualification cycle applications. When fully operational,
the Singapore facility is expected to increase capacity by 50% over a
2018 baseline. “With the addition of Singapore, SABIC will be the only
petrochemical company with the ability to produce the high heat resin in
Asia, the Americas and Europe, a significant advantage for the company’s
customers,” Occhiello noted.
The decision to recommission the Bergen op Zoom NORYL™ resins facility
provides customers with a second source of PPE resins globally, and
affirms SABIC’s commitment to the European market and global customers
who specify their material solution needs from Europe. When operational,
the Bergen op Zoom facility is expected to add more than 40% global
capacity over a 2017 baseline.
In the meantime, SABIC expects incremental manufacturing process
improvements at the Selkirk, New York, and Mt. Vernon plants to provide
increases in NORYL™ (PPE) resin and ULTEM™ (PEI) resin production by the
end of 2018. The resulting supply gains will be used to meet growing
demand and improve lead times for customers.
January 03, 2020
SABIC decides to liquidate 3
subsidiaries いずれもSABIC 100% 子会社の解散:事業はSABICの他の組織が引き継ぐ。
Saudi Basic
Industries Corporation (SABIC) decided to liquidate 3 of its subsidiaries as
part of its transformation plan, the company said in a bourse statement.
The liquidation
decision includes SABIC Industrial Catalysts Co.
and Saudi Carbon Fiber Co.
Both companies
are fully owned by SABIC a paid in capital of SAR 500,000, each.
Saudi
Japanese Acrylonitrile Co. in which SABIC ownership is 100%, is the third
company to be dissolved. The company’s paid in capital is SAR 171.23 million.
SABIC will
continue to develop the products of these companies through other subsidiaries,
and the liquidation is not expected to have any financial impact on SABIC's
consolidated financial statement, the statement added.
ーーー
解散する3社についての記事:いずれも現在は SABIC 100%
SABIC Industrial
Catalysts Co.:
2014/5/20
URS has
contracted ARM to provide environmental support services for a new facility
to be constructed by Sabic Catalyst Company (SABCAT)
in Jubail Industrial City, KSA. The facility will initially produce
50 tons per year of the Ziegler-Natta type catalyst
to be used in processes for the
production of polyethylene and polypropylene. The facility includes the
production reactors and associated utilities.
2013/11/1
Sabic signed joint venture for Jubail Acrylonitrile Project
After years of technical and commercial studies, Saudi Basic Industries
Corporation (Sabic), and its Japanese partners, Mitsubishi Corporation
(Mitsubishi) and Asahi Kasei Chemicals Corporation (Asahi) signed a joint
venture to build the first acrylonitrile and sodium cyanide plant in the
Middle-East.
In this purpose, Sabic, Mitsubishi and Asahi estblished in April 2011 the
joint venture Saudi Japanese Acrylonitrile Company (SHROUQ) in Saudi Arabia.
In order to benefit from existing infrastructures, the joint venture
partners selected Sabic site at Al-Jubail Industrial City in the Eastern
Province of Saudi Arabia to erect this first Acrylonitrile project.
The Japanese companies Asahi and Mitsubishi selected Saudi Arabia to build
this new facility as they are willing tyo capture most of the growing demand
for Acrylonitrile in the Middle-East and Africa markets.
After the completion of this new acrylonitrile plant, Asahi will reach 1.4
million tonnes per year (t/y), thus taking the global leadership of this
market.
In addition, the joint venture with Sabic will secure competitive feedstock
and energy cost to ensure the profitability of the Jubail Acrylonitrile
project.
From Sabic perspective, this project meets fully its strategic goal for
growth in wideing its petrochemical portfolio and especially with high added
value polymers.
Considering that acrylonitrile is part of the buildings blocks to produce
Acrylonitrile Butadiene Styrene (ABS), one of the most common technical
plastic used in the automotive, consumers goods and all industrial
applications.
Regarding the sodium cyanide, most of the applications rely on the metal
mining, especially gold mining.
From the technical and commercial studies, Sabic, Asahi and Mitsubishi have
sized the Jubail Acyrlonitrile and Sodium Cyanide Project to:
– 200,000 t/y of acrylonitrile
– 40,000 t/y of sodium cyanide
In 2012, Sabic, Asahi and Mitsubishi selected the South Korean engineering
company Daelim Industrial (Daelim) to perform the front end engineering and
design (FEED) for the Jubail Acrylonitrile project.
Then Daelim completed the FEED work for the project opening the way to Sabic and
its partners to move the project forward.
ーーー
2015/8/8
Sabic Postpones Acrylonitrile Plant
Because of escalating costs, Sabic
has postponed to build a world-scale acrylonitrile complex at Al Jubail,
Saudi Arabia.
In May 2011, SABIC, the japanese
Asahi Kasei Chemicals Corp., and Mitsubishi Corp signed a strategic joint
venture agreement to form a limited liability company, Saudi Japanese
Acrylonitrile Company (Shrouq; sunrise in Arabic). The facility was to
produce 200,000 m.t./year of acrylonitrile and 40,000 m.t./year of sodium
cyanide.
日本の2社がいつ抜けたのか、不明。
Saudi Arabia's SABIC posts
fourth-quarter loss, sees slowdown in 2020
Saudi Basic Industries Corp (SABIC)
expects a slowdown in demand in 2020, CEO Yousef al-Benyan said
on Wednesday, after the world's fourth-biggest petrochemicals
maker reported a fourth-quarter loss.
SABIC's first quarterly loss in
more than a decade, sparked by lower average selling prices and
a writedown at an affiliate, sent its shares down 2% to 86.90
riyals in early trade.
SABIC fell to a
net loss of 720 million riyals ($192 million) from a
profit of 3.22 billion a year earlier.
The CEO said a slowdown in
economic growth, particularly in China and Europe, had weighed
on the petrochemicals industry.
"At the same time, there is
additional capacity coming to the market, specifically from the
U.S. and China," he said.
"This has really put
pressure on product margins and slowed demand in certain
markets, therefore we have seen a slowdown in the second half of
2019 and we anticipate that the market will be more or less the
same in 2020."
Benyan said it was too early to
assess the impact of the outbreak of the coronavirus in China.
"We have already seen an
extension on Chinese holidays, this by itself creates some
impact and hopefully by the end of next week we'll have much
better clarity, but I assume that as soon as this is over,
demand will go back."
Yousef Husseini, an analyst at
EFG Hermes, said: "In my view, first quarter 2020 is likely to
be equally, if not more challenging than the fourth quarter from
an operational perspective."
In the fourth quarter SABIC was
impacted by a 2.8 billion riyal impairment provision at
affiliate Arabian Industrial Fibers Co (Ibn
Rushd). SABIC took 1.3 billion
riyals in non-recurring charges, relating to its affiliate.
Ibn Rushdで2.8 billion riyal
の減損、SABICの持分の損失1.3 billion riyal
"SABIC will not exit Ibn Rushd
and it will remain one of the main SABIC products in the local
market," Benyan said.
Ibn Rushd's complex in Yanbu, on
Saudi Arabia's Red Sea coast, produces products including
aromatics and purified terephthalic acid
(PTA) used in making polyester.
EU antitrust regulators are set
to rule on Feb. 27 on Saudi Aramco's $69.1 billion acquisition
of SABIC. Aramco agreed to buy a 70% stak
--------------
SABIC's chemicals
business was impacted by a decrease in demand growth while
polyethylene (PE) was “negatively affected by concerns of
overcapacity and slowing growth”.
The polypropylene (PP
)and polycarbonate (PC) product lines were hit by lower
prices.
Spreads to feedstock for
PE, monoethylene glycol (MEG) and PP, key products for the
company, tracked lower year on year and compared with the
2019 third quarter, whether ethane-, propane- or
naphtha-based.
Fertilizers and steel
prices were also marked lower in the fourth quarter, year on
year.
ーーーーーーーーーーー
In the last year, SABIC also
received approvals to merge two wholly-owned affiliates,
Saudi Petrochemical Company (SADAF) with
its wholly-owned affiliate Arabian Petrochemical Company (PETROKEMYA).
The move is part of SABIC’s strategic transformation plan to
increase the efficiency and competitiveness of its global
operations.
Saudi Basic Industries Corp (SABIC), one of the
world’s largest petrochemical producers, said on
2019/10/1 that it has successfully merged two
of its wholly owned affiliates,
Saudi Petrochemical Company (Sadaf)
and Arabian Petrochemical Company (Petrokemya).
“The merger is
driven by SABIC’s strategy to increase efficiency
and competitiveness of its operations,” the company
said in a statement to the Saudi Stock Exchange.
The petrochemical giant
added that the latest transaction will not have
immediate impact on its financial status, but is
expected to improve overall cost competiveness in
the long-term.
SABIC had announced its
plans to merge Sadaf and Petrokemya in March to
create a more efficient entity. The company said at
the time that Sadaf’s assets, rights, liabilities,
and obligations will transfer to Petrokemya.
As of the merger,
Sadaf no longer exists as an
independent entity.
Regulatory approvals received
in 2019 also enabled SABIC to increase its stake in Ar-Razi, the
world’s largest methanol complex, to 75 percent and renewed its
partnerships with Japan Saudi Arabia Methanol Company (JSMC) for
a further 20 years.
In the same period, SABIC and
Exxon Mobil broke ground on a new joint venture project in the
U.S. Gulf Coast. The Gulf Coast Growth Ventures project includes
a 1.8 million ton ethylene unit, which will feed a monoethylene
glycol unit and two polyethylene units, and is expected to
go-live in 2022.
In the last quarter, an
EcoVadis evaluation of 30,000 global companies’ sustainability
and CSR performance placed SABIC among the top 1% best
performers in the 'Basic Chemicals, Fertilizers, Plastics &
Synthetic Rubber Companies' category. SABIC and its affiliate
SAFCO also received the Industry Stewardship Champion gold medal
at International Fertilizer Association (IFA) Strategic Forum in
France.
Saudi Arabia's SABIC posts
fourth-quarter loss, sees slowdown in 2020
Saudi Basic Industries Corp (SABIC)
expects a slowdown in demand in 2020, CEO Yousef al-Benyan said
on Wednesday, after the world's fourth-biggest petrochemicals
maker reported a fourth-quarter loss.
SABIC's first quarterly loss in
more than a decade, sparked by lower average selling prices and
a writedown at an affiliate, sent its shares down 2% to 86.90
riyals in early trade.
2020/1/20
SABIC outlines intentions for TruCircle™ to
close loop on plastic recycling
SABIC today outlined intentions
for its TRUCIRCLE™ initiative to
help close the loop on plastic recycling
with global business figures and policy makers at the World
Economic Forum in Davos, Switzerland.
The four-day annual summit
facilitates a series of high level debates that challenge global
leaders to put forward fresh thinking around the 2020 theme of
‘Stakeholders for a Cohesive and Sustainable World’.
Closed loop recycling of
plastic would see post-consumer plastic waste collected,
recycled and used to make new products. For this vision to work,
consumers, retailers, recyclers and manufacturers must work
together to reclaim valuable materials from our waste stream and
process them to make new products. This process requires a total
transformation of the value chain, which SABIC has been working
hard with its partners downstream and upstream to achieve.
SABIC’s ground-breaking
TRUCIRCLE™ solutions encompasses the company’s circular
materials and technologies including
certified circular polymers from the chemical recycling of mixed
plastic waste; certified bio-based
renewable polymers; new
polycarbonate (PC) based on certified renewable feedstock;
and mechanical recycled polymers.
Yousef Al-Benyan, SABIC Vice
Chairman and CEO, said:
“SABIC is committed to
achieving a more sustainable world and has an agenda in place to
help customers achieve their sustainability goals. We have
worked closely with partners across the value chain to advance a
circular economy for the recycling of plastic waste and, in the
last year, delivered TRUCIRCLE™ solutions to customers and
brand-owners like Unilever and Tupperware Brands.”
He added, “SABIC is also
moving forward with a semi-commercial facility that will
increase the production of pyrolysis oil from plastic waste. We
expect this facility, located at SABIC’s Geleen campus in The
Netherlands, will be operational by 2021.”
The output from the facility
will initially provide materials for SABIC’s downstream
collaborators but the long term intention is to rapidly scale up
the supply of its certified circular polymers for all global
customers.
SABIC’s commitment to using
more plastic waste as feedstock for its circular polymers runs
parallel to its 2020 ambition to increase the uptake of recycled
plastic from mechanical recycling. SABIC is determined to
increase the amount of plastic it processes in Europe to 200Kt
by 2025, in line with an EU Commission pledge.
SABIC also has been actively
collaborating in international initiatives that can improve the
circularity of material usage and unlock new sustainability
opportunities.
In Saudi Arabia, SABIC is
enabling the Kingdom to fulfil the waste management objectives
of Saudi 2030 Vision including commitments to reduce landfill of
waste and increase separate collection and recycling. Strategic
alignments with Saudi Investment Recycling Company (SIRC), which
is wholly owned by the Saudi Arabia Public investment Fund (PIF),
are creating new opportunities in the waste management sector.
As part of its commitment to
closing the loop, SABIC became a founding member of the World
Plastics Council and the Alliance to End Plastic Waste and a
partner of The Ocean Clean-Up. Each initiative aims to prevent
plastic waste from reaching marine environments and ecosystems.
The organisation also sees each of its TRUCIRCLE™ solutions as a
firm contribution to its efforts to meet the UN Sustainable
Development Goals.
In line with its strategic
sustainability aspirations, SABIC works to recycle waste from
its own manufacturing processes for use as secondary feedstock
and started a holistic program to optimize the performance of
its manufacturing facilities by improving the expertise,
knowledge, and culture related to sustainability.
SABIC’s TRUCIRCLE™ solutions
were showcased at the distinctive Innovation in the Circular
Economy House (ICEhouse™), a concept-structure that presents new
possibilities for building in closed-loop carbon systems that
reduce energy and material waste.
2021/3/24 SABIC
SABIC forms collaboration to realize
the world’s first electrically heated steam cracker furnace
SABIC has signed a joint
agreement with BASF and Linde to
develop and demonstrate solutions for
electrically heated steam cracker furnaces.
The partners have already
jointly worked on concepts to use
renewable electricity instead of the fossil fuel gas
typically used for the heating process. With this innovative
approach focusing on one of the petrochemical industries’ core
processes, the parties strive to offer a promising solution to
significantly contribute to the reduction of CO2 emissions
within the chemical industry.
Steam crackers play a central
role in the production of basic chemicals and require a
significant amount of energy to break down hydrocarbons into
olefins and aromatics. Typically, the reaction is conducted at
temperatures of about 850 degrees Celsius
in their furnaces. Today these temperatures are reached by
burning fossil fuels. The project aims to reduce the CO2
emissions by powering the process with electricity. By using
electricity from renewable sources, the fundamentally new
technology has the potential to reduce CO2 emissions by as much
as 90%.
BASF
and SABIC have bundled their extensive know-how and
intellectual property in developing
chemical processes together with their longstanding
experiences and knowledge in operating steam crackers, while
Linde contributed with its
intellectual property, expertise in developing and building
steam cracking furnace technologies
and driving future industry commercialization.
Yousef Al-Benyan,
Vice-Chairman and CEO of SABIC said:
“Our industry thrives on innovation and collaboration which
enable us to come-up with and deliver important contributions to
urgent global challenges like resource efficiency and CO2
reduction. This agreement brings together the deep technical
knowledge and implementation focus that can help transition
energy-intensive processes within our industry to be low carbon
emitting processes. This flagship sustainability initiative
forms part of SABIC’s long-term vision and climate change
strategy to transform our business through the concept of
circular carbon economy”.
Dr. Martin Brudermüller,
Chairman of the Board of Executive Directors of BASF SE said:
“This technology leap will be a milestone on the path to a
low-emission chemical industry. We have not only developed the
world’s first electrical heating concepts for steam crackers,
but also want to demonstrate the reliability of key components
for use in this type of high-temperature reactors. To be able to
drive a timely scale-up and industrial implementation of this
technology, investment support and competitive renewable energy
prices will be important prerequisites.”
Juergen Nowicki, Executive
Vice President Linde plc and CEO of Linde Engineering said,
“With this project we are singling out a particular industrial
CO2 producer. Cracking furnaces are one of the largest CO2
emission sources in the whole petrochemical value chain. This is
a time-tested, optimized technology that we are now putting on a
completely new footing, not in the laboratory, but on a large
industrial scale. The effect this project will have is
significant. We are proud to be part of it.”
The partners applied for
financial grants at the EU Innovation Fund and the funding
program Decarbonization in Industry (new program of the German
Federal Ministry for the Environment). The parties are
evaluating construction of a
multi-megawatt demonstration plant at BASF’s Ludwigshafen site,
targeted for start-up as early as
2023, subject to a positive funding decision.
30 March 2021
Dow, Saudi's Sabic to market Sadara
Chemical products
State-owned Saudi downstream
producer Sabic and US petrochemical producer Dow will begin marketing Sadara
Chemical products in the Middle East from 1 July.
Sabic and Dow will take over marketing of
Sadara's products in Saudi Arabia, Egypt, Jordan, Lebanon, Palestine and Iraq,
according to a letter that Saudi Arabia-based Sadara sent to its customers on 28
March. Sabic will handle polyutheranes, chemical products
and polyethylene from Sadara, except for low-linear
density polyethylene (LLDPE) hexene, octene and elastomers, which Dow will
market and sell.
The new arrangement should not affect
Sadara's operations. The products sold by Sabic and Dow will be labelled with
their respective product names and trademark from 1 July, Sadara said. "This
transition is not intended to impact Sadara's production or product quality, or
the specifications of its products," the firm said in the letter.
Sadara is a joint venture between state-owned
Saudi Aramco, which owns a 65pc stake, and Dow.
Aramco completed an acquisition of a 70pc stake in Sabic last year.
Aramco and Dow also announced yesterday the
restructuring of Sadara's senior debt financing on Saudi Arabia's Tadawul stock
exchange. The firms have guaranteed up to $3.7bn in senior debt in proportion to
their ownership interests in Sadara. The debt restructuring includes a principal
repayment grace period until 15 June 2026 and an extension of the final maturity
date from 2029 to 2038.
Aramco will also provide additional feedstock
to Sadara as part of the new marketing arrangement.
LLDPE film was assessed last week at
$1,138-1,168/t fob Saudi Arabia (CMP), according to Argus' latest data.
High-density polyethylene (HDPE) film and low-density polyethylene (LDPE) film
were assessed at $1,128-1,158/t fob Saudi Arabia (CMP) and $1,538-1,568/t fob
Saudi Arabia (CMP), respectively, last week.
29 April 2021
Sabic to take over most of Saudi
Aramco's petchem sales
Saudi Arabia's state-controlled
petrochemicals producer Sabic will soon be
responsible for the marketing and the sale of most of Saudi Aramco's
petrochemicals and polymer products, officially becoming the chemicals arm of
the oil giant.
Aramco will also transfer responsibilities
for its Malaysia-based Pengerang Petrochemical Company
(PRefChem), Saudi-based Sadara and South Korea-based S-Oil joint-ventures to
Sabic, the firms said today.
The new PRefChem facility in Malaysia will
have the capacity to produce 750,000 t/yr of polyethylene
(PE) and 900,000 t/yr of polypropylene (PP)
once it comes on stream later in this year, while S-Oil operates a 405,000 t/yr
PP unit in south Korea.
Sabic had already announced last month that
it will begin marketing Sadara Chemical products in the Middle East from 1 July
with US petrochemical producer Dow, Saudi Aramco's joint-venture partner.
Market participants were expecting the new
organisation, which is set to be implemented in phases this year, ever since
Aramco completed the acquisition of a 70pc stake in Sabic in June last year.
Aramco will pay the sovereign wealth Public
Investment Fund (PIF) $69.1bn for the purchase, in installments until 2028.
Under the firm's new plans, Saudi Arabia's
state-controlled Aramco Trading (ATC) will take over the responsibility for the
offtake and resale of a number of Sabic aromatics and fuel products, including
benzene, MTBE, gasoline blending components and EU cracker feedstocks. Sales of
Aramco paraxylene (PX) will remain with ATC.
After completing the consolidation of
petrochemical products, Sabic will exclusively handle the sales and marketing of
high-density PE (HDPE), linear low-density PE (LLDPE), low-density PE (LDPE), PP
copolymer, PP homopolymer, PP terpolymer, ethylene vinyl acetate copolymer(EVA),
PMMA, PA6, MEG, DEG, TEG, mono-ethanolamine (MEA), di-ethanolamine (DEA),
tri-ethanolamine (TEA), ethylene diamine (EDA), diethylenetriamine (DETA),
ortho-toluenediamine, polymeric methylene diphenol diisocyanate (PMDI), toluene
diisocyanate (TDI), propylene glycols, polyols, propylene oxide, MMA, butyl
glycol ether, acetone and phenol.
The commercial agreement for PetroRabigh, a
joint venture between Japanese trading house Sumitomo and Aramco, was not
mentioned in today's announcement. PetroRabigh's derivative petrochemical units
include production capacity for 700,000 t/yr of PP, 600,000 t/yr of LLDPE/ HDPE,
300,000 t/yr of HDPE, 160,000 t/yr of LDPE, 400,000 t/yr of benzene and 1.3mn
t/yr of PX.
Some existing marketing and sales activities
were also excluded. These were Aramco's excess production of olefins,
Netherlands-based producer Arlanxeo's rubber and elastomer, US-based producer
Motiva's cyclohexane, propylene and ethylene, and S-Oil's domestic marketing and
sales in South Korea.
The shipping of various products also comes
under the plan. "Responsibility for the commercial aspects of liquid bulk marine
shipping services will be consolidated under ATC (including chemicals and
feedstock), while responsibility for the shipping of all solid products and
customer product delivery will be consolidated under Sabic," the firms said.
2021/07/26
ExxonMobil, SABIC JV
mechanically completes PE, EG units at US site
The parent companies of
Gulf Coast
Growth Ventures,
a joint
venture of ExxonMobil and SABIC,
announced on Monday that
mechanical completion of the
polyethylene (PE) and ethylene
glycol (EG) facilities at their
new petrochemical complex near
Corpus Christi, Texas, has been
achieved.
The
complex is anticipated to
start-up ahead of schedule in
the fourth quarter of 2021, they
said.
The
complex features
two PE units with a combined
capacity of 1.3m tonnes/year
as well as an
EG unit
with a capacity of 1.1m tonnes/year.
The complex will also include a
1.8m tonne/year ethane cracker.
The companies said the project
is expected to competed under
budget and at cost of around 25%
less than similar units located
along the US Gulf Coast.
エチレン180万トン
PE 130万トン(65万トンx2)
EG 110万トン
“Gulf Coast Growth Ventures is a
key development of our plan to
serve growing demand for our
high value performance
products,” said Karen McKee,
president of ExxonMobil
Chemical. “This is truly a
best-in-class project, as
demonstrated in schedule
acceleration and cost
competitiveness, despite the
many challenges related to the
COVID-19 pandemic.”
“We
are very proud to bring GCGV one
step closer to operations,” said
Abdulrahman Al-Fageeh, SABIC’s
executive vice president of
petrochemicals. “Not only are we
ahead of schedule, but we have
executed this project with the
highest commitment and emphasis
on safety with nearly 18m safe
person-hours worked.”
Aramco’s chemical arm, SABIC, has signed a joint venture contract with China's
Fujian Petrochemical Industrial Group (FJPEC:福建石油化工集团有限责任公司)
to build a mega petrochemical complex in China, the Xinhua News Agency reported.
The complex will be built at the Gulei Industrial Park in Zhangzhou city,
漳州市古雷工業園區east of China's Fujian Province, at a total
investment of 40 billion yuan ($6.18 billion).
It will consist of a mixed feed steam cracker that holds
an annual ethylene capacity of 1.5 million tons, as well as a series of
downstream facilities including a mono ethylene glycol
(MEG) unit, two polyethylene (PE) units, two polypropylene (PP) units, one
polycarbonate (PC) unit and several by-product units.
Sabic had announced in September 2018 that it had signed a memorandum of
understanding (MoU) with the Fujian provincial government to build a world-class
petrochemical complex in China's southeastern province.
Sabic, a global leader in the chemical
industry, has signed an agreement to purchase Swiss group Clariant’s 50
percent stake in specialties company Scientific Design,
currently a 50/50 joint-venture with Sabic.
SABICは2003年に吸着剤と触媒のメーカーである
Süd-Chemie と組んで、Linde AG からScientific
Design Company Inc.を買収し、50/50 JV とした。
Subject to regulatory approval, expected
in mid-2022, the transaction will give Sabic full
ownership of Scientific Design, which is a leading licensor of
high-performance process technologies and catalysts producer.
The move is aimed at securing a greater share of the Specialties market.
Last year, Sabic repositioned its Specialties division as a stand-alone
strategic business unit to unlock organic and inorganic growth opportunities
that are independent of feedstock dynamics.
Sabic Vice Chairman and CEO, Yousef Al-Benyan said: “Catalysts are the
foundation of our business. The acquisition of Scientific Design will
strengthen our non-cyclical technology-oriented specialty business and move
us closer to our long-term goal of becoming a global Specialties leader.
“This is a growing global market and the Middle East region alone sources
nearly $1.5 billion worth of catalysts per year. We recognize the
opportunity to help meet increasing catalyst demands, increase security of
supply and the level of innovation with the sector.”
With its key manufacturing plant and business headquartered in New Jersey,
USA, Scientific Design has operated as a joint venture for almost 20 years
following Sabic’s 50 percent acquisition of the business in 2003. Employing
more than 170 people globally, it is a leading licensor of high-performance
process technologies and a developer of catalysts that are used in over 100
plants across more than 30 countries.
Scientific Design is a recognized leader and a strategic fit for Sabic that
can strengthen and complement the high-performance capabilities of Sabic’s
Specialties business. For almost 20 years, it has thrived as a Sabic joint
venture securing a position at the forefront of innovation and
sustainability in the chemical industry. By fully aligning mutual strengths
Sabic can realize new growth potential.
Sabic’s Specialties business produces highly differentiated products which
include specialty engineering thermoplastic resins and compounds,
composites, thermosets & additives, and additive manufacturing solutions as
well as catalyst and process technologies.
10 Mar 2022
China approves JV between SABIC and local petrochemical group
China on Thursday approved the establishment of a joint venture between Saudi Basic Industries Corp (SABIC) and China's Fujian Petrochemical Industrial Group (FJPEC), according to a Chinese government-run platform.
The launch of the joint venture follows a memorandum of understanding (MoU) signed between SABIC and the Fujian provincial government in 2018 and a more detailed contract in 2021 to build a petrochemical complex.
The new firm is set to invest 40 billion yuan ($6.33 billion) to build a 1.5 million tonne per annum ethylene production complex at the Gulei Petrochemical base in the costal Fujian province.
There are plans for the complex to include a series of downstream production units, including an ethylene glycol (MEG) unit, two sets of polyethylene (PE) units, two polypropylene (PP) units and a polycarbonate unit.
Registration capital of the joint venture is 13.2 billion yuan, according to the government platform.
2022/11/24
Saudi's SABIC and Aramco plan to start project to convert crude into petrochemicals
Saudi Basic Industries Corporation (SABIC) and Saudi Aramco are planning to start a joint project to convert crude into petrochemicals in Ras Al Khair,
the kingdom's energy minister Prince Abdulaziz bin Salman said on Wednesday (Nov 23).
The project, the first of its kind in Saudi Arabia, will be completed in coming years and have a capacity of 400,000 barrels of crude per day, he added.
During an event to open a SABIC building in Al Jubail, the prince also said Saudi Arabia plans to open a new port in the industrial city of Ras Al Khair to export petrochemicals.
Dec 02, 2022
Sabic, Saudi Aramco and Poland’s PKN Orlen sign pact to explore joint investment
Saudi Basic Industries Corporation (Sabic) and the kingdom's oil major Saudi Aramco have signed an initial agreement with Poland's refining company PKN Orlen to explore the potential of joint investments
in petrochemical projects in Poland and markets in central and eastern Europe.
The three companies have agreed to study and collaborate on opportunities including a new chemical production unit in Poland and the expansion of several existing assets, Sabic said in a statement on its website on Thursday.
The companies will also study the development of a new cracker — a unit which converts convert crude oil into petrochemical feedstock — in Poland, it said.
If the parties agree to invest in the petrochemical project, they will enter into a separate project joint development agreement, Sabic said.
“By bringing together the scale, expertise and technologies of three world-leading companies, this MoU enables us to identify and assess opportunities for ambitious and sustainable growth,” Abdulrahman Al-Fageeh,
Sabic's executive vice president for petrochemicals, said.
Saudi Arabia's petrochemicals and energy companies are increasingly exploring investment opportunities beyond the kingdom's borders and looking to form joint ventures and partnerships
as they seek to expand their operations globally.
Sabic's majority owner Aramco earlier this week completed three transactions with PKN Orlen, Poland's top refiner and fuel retailer.
Aramco acquired a 30 per cent stake in PKN Orlen’s 210,000 barrels-per-day refinery in Gdansk, a 100 per cent stake in its associated wholesale business
and a 50 per cent stake in a plane fuel marketing joint venture with BP Europa that operates in seven airports in Poland.
November 30, 2022
The Saudi Arabian Oil
Company, one of the world’s leading integrated
energy and chemicals companies, has successfully
closed three landmark transactions with Polish
refiner and fuel retailer PKN ORLEN, through its
subsidiary Aramco Overseas Company BV, based in the
Netherlands.
As part of the
transaction, first announced in January 2022, the
Company acquired equity stakes
of 30% in a 210,000 barrels-per-day refinery in
Gdansk; 100% in an associated
wholesale business; and
50% in a plane fuel marketing
joint venture (LOTOS-Air BP Polska Ltd)
with BP Europa SE, which
operates in seven airports in Poland, following
PKN
ORLEN’s merger with Grupa LOTOS (2022/8/1) .
The agreements
represent a significant milestone in Aramco’s
long-term strategy to grow its integrated refining
and petrochemicals capacity, and expand its product
portfolio across the entire hydrocarbon value chain.
The transactions also seek to establish a solid
foundation for further business development, and aim
to complement Aramco’s strategy to expand its
liquids to chemicals capacity to up to 4 million
barrels per day.
Mohammed Y.
Al Qahtani, Aramco Senior Vice President of
Downstream, said: “These investments are
part of our efforts towards cementing Aramco’s
presence in a key European market, and provide a
unique opportunity to develop new liquids to
chemicals pathways, with hopes of expanding our
global downstream footprint and supporting the
diversification of our portfolio. At the same time,
we aspire to continue developing our product
portfolio through our ongoing downstream
transformation strategy.”
Daniel
Obajtek, President of the PKN ORLEN Management Board,
said: “These transactions are of strategic
importance in further strengthening energy supplies,
not only in Poland but for the entire region. We
have built the largest company in Central Europe
with a diversified portfolio of assets that will
effectively strengthen current business lines and
develop new ones. This creates new growth
opportunities to allow us to continue to expand in
prospective and high-margin products.”
Aramco and PKN
ORLEN have also entered into a crude oil sales
agreement, pursuant to which Aramco will supply
approximately 45% of PKN ORLEN’s crude oil
requirements. In addition to the investments, Aramco,
SABIC and PKN ORLEN have signed a joint development
agreement to assess the technical and economic
feasibility of a potential petrochemical project in
the Polish city of Gdansk.
Opec's top crude exporter Saudi Aramco, which owns a 70 per cent stake in Sabic, has been investing billions of dollars in downstream projects to extract more value from its crude oil output.
PKN Orlen is Poland’s top energy group and specialises in the manufacturing, distribution, wholesale and retailing of refined petrochemical products. It operates several refineries in Poland, Lithuania and the Czech Republic.
Sabic, the Middle East's biggest petrochemicals producer, last month said it is planning to set up a plant to convert crude oil into petrochemicals, capitalising on growing demand.
The crude-to-chemicals complex in Ras Al Khair, in the east of Saudi Arabia, is expected to convert 400,000 barrels per day of oil into chemicals.
The petrochemicals industry is expected to be a major driver of crude oil demand in the next few decades as consumers increasingly switch to electric vehicles. Globally, the sector is projected to be worth roughly
$800 billion by 2030, up from about $475 billion in 2020, according to Precedence Research.
Petrochemicals are set to account for more than a third of the growth in oil demand to 2030, and nearly half to 2050, ahead of lorries, aviation and shipping, according to the International Energy Agency.
2022/12/28
SABIC, OQ (formerly Oman Oil) and KPI Sign a Joint
Development Agreement for a World-Scale Petrochemical
Complex in Duqm,Oman
SABIC, OQ and KPI
Sign a Joint Development Agreement for a World-Scale
Petrochemical Complex in Duqm
SABIC, OQ and Kuwait Petroleum International (KPI) have
signed a Project Development Agreement of a jointly
owned petrochemical complex in the
Special Economic Zone at Duqm (SEZAD), the Sultanate of
Oman. The three companies aim to establish a
petrochemical complex consisting of
a steam cracker and derivative
units and a natural gas liquid (NGL) extraction
facility. They will conduct the necessary studies
and collaborate using their wealth of technical and
commercial experience to develop the project with unique
attributes that make it globally competitive and
profitable for all three partners.
OQ : formerly
known as Oman Oil
Company
The agreement was
signed by Abdulrahman bin Saleh Al Fageeh, SABIC CEO
(A); Talal bin Hamed al Awfi – OQ Group CEO; and Shafi
Taleb Al-Ajmi, CEO of Kuwait Petroleum International.
Commenting on this agreement, Abdulrahman Al-Fageeh,
SABIC CEO (A), said, “SABIC’s collaborative approach has
built longstanding relationships of collaboration,
delivered innovative solutions and created mutual value
for more than 45 years. This agreement enables us to
identify and assess opportunities for ambitious and
sustainable growth by bringing together our
capabilities, expertise and technologies and working
collectively with our partners. Our involvement in this
well-positioned project is consistent with our growth
strategy and Saudi Vision 2030 goals to develop a
stronger downstream business, addressing challenges in
the petrochemicals industry such as carbon neutrality,
and providing diversified and sustainable products.”
Talal Al Awfi, OQ Group CEO said, “OQ is proud of this
historic agreement with our partners SABIC and KPI. The
agreement is a significant milestone reached between the
partners and comes at an important time in Oman along
with our 52nd national day celebrations and the near
completion of the OQ8 refinery project in SEZAD being
undertaken by OQ and KPI through the OQ8 joint venture.
This agreement also comes in line with Oman Investment
Authority (OIA) plans to attract foreign investments to
support realize Oman’s vision 2040 in its endeavour to
diversify Oman’s economy”.
KPI’s President and Chief Executive Officer, Shafi Taleb
Al-Ajmi commented, “We are pleased to work side by side
with OQ and SABIC on this pioneering project in Oman,
because working with our regional partners supports
KPC's 2040 strategy for growth in the petrochemical
industry and enhances integration between the refining
and petrochemical sectors. The project also supports the
economic growth and development of the Special Economic
Zone at Duqm (SEZAD).”
Petrochemicals’ demand is expected to continue its
growth path as living standards and human development
improve, particularly in growing markets close to Oman.
The project intends to monetise Natural Gas Liquids and
other feedstocks from OQ and KPI’s joint venture
refinery, OQ8 in Duqm, to manufacture petrochemical
products targeting growing markets linked to energy
transition, clean technologies, mobility, construction,
durable goods, healthcare and packaging amongst others.
The project intends to deploy state-of-the-art
technologies to minimise carbon footprint and
incorporate circular economy aspects and commit to high
environmental standards. This mega project would support
the region’s development aspirations, maximizing
socio-economic impacts as well value addition to these
companies. In addition, the project would also benefit
from the excellent location of Duqm being close to
markets and taking advantage of the infrastructure which
has been developed in the area, as OQ continues in its
strategy to help develop SEZAD as manufacturing and
logistics hub in line with vision 2040.
Sahm
Platform 2024/2/22
SABIC Denies Reports of
Pursuing Braskem Stake, Advocates Transparency
Saudi Basic Industries Corp. has
officially refuted claims of
intending to submit a bid for acquiring a stake in the
Brazilian petrochemical company Braskem.
These rumors were
initially reported by Brazil's Valor newspaper, citing
unnamed sources who suggested SABIC's interest in
Braskem and a potential solo bid, distinct from any
consortium efforts with Abu Dhabi National Oil Co. (ADNOC).
Notably, ADNOC had previously proposed a takeover bid
for a controlling share in Braskem, offering 37.29
Brazilian real per share, aiming to secure the majority
of the 38.3% stake currently held by Novonor, Braskem's
largest shareholder.
In a clarifying
statement issued on February 21, SABIC addressed the
inaccuracies of these media reports and underscored its
dedication to transparency in its investment endeavors.
The company stressed the significance of relying on
official channels for accurate and reliable information
concerning its investment activities. This denial
directly contradicts the earlier reports suggesting
SABIC's potential acquisition move towards Braskem, as
initially outlined by Valor.
ーーーーーーーーーーーーー
23-Feb-2024 ChemAnalyst1News
SABIC Aims
to Acquire Stake in Brazilian Petrochemical Firm
Saudi Basic Industries
Corp. (SABIC), a prominent entity listed on the
Saudi stock exchange, is gearing up to
make a bid to acquire a stake
in Braskem, a leading petrochemical company
headquartered in Brazil. Contrary to previous
speculations, SABIC plans to pursue an independent
bid for the stake in Braskem and will not engage in
a partnership with the Abu Dhabi National Oil Co. (ADNOC)
from the United Arab Emirates (UAE) for this
endeavor. Reports indicate that
ADNOC has already initiated
the due diligence process in connection with
this potential transaction.
In November 2023, ADNOC
kickstarted a takeover bid with the aim of
acquiring the majority of the
38.3% stake held by Novonor, a prominent
Brazilian conglomerate. If this proposed transaction
materializes, Novonor would retain only a minimal 3%
portion of its current stake in Braskem.
However, despite
earlier speculations suggesting SABIC's interest in
acquiring a stake in Braskem, the company has
refuted such claims. SABIC issued a statement
addressing the media speculation, clarifying that
there are no plans in place to
submit a bid for a stake in Braskem. This
clarification marks a departure from the previous
reports that had been circulating in the media.
Saudi Basic Industries
Corp. (SABIC), officially recognized as the Saudi
Basic Industries Corporation, holds a distinguished
position as a global leader in the chemical
industry, with its headquarters situated in Riyadh,
Saudi Arabia. Renowned for its extensive
manufacturing capabilities on a global scale, SABIC
specializes in the production of a diverse range of
chemicals, encompassing both commodity and
high-performance plastics, agri-nutrients, and
metals.
In 2017, Saudi Basic
Industries Corp. (SABIC) achieved the fourth
position globally among chemical companies, as per
the Fortune Global 500 rankings. By the conclusion
of 2018, SABIC ascended to become the 281st largest
corporation worldwide. In 2014, the company recorded
impressive sales revenues totaling $50.4 billion,
with profits reaching $6.7 billion and assets
amounting to $90.4 billion. Moreover, SABIC earned
recognition as the world's second most valuable
brand in the chemicals industry by Brand Finance in
2021.
On the other hand,
Braskem operates as a prominent Brazilian
petrochemical company, headquartered in São Paulo.
Established as the largest petrochemical company in
Latin America, Braskem has emerged as a significant
player in the global petrochemical market, ranking
as the 8th largest resin producer worldwide.
SABIC has
signed a potential investment agreement with
the Fujian government on 1 August to build
an engineering thermoplastics compounding
plant in the Chinese province, the Saudi
Arabia chemicals giant said on Tuesday.
The
planned compounding plant will be located in
the Gulei Port Economic Development Zone at
Zhangzhou in Fujian, it said in a statement
without disclosing capacity details.
It will
primarily produce SABIC’s
pelletized LEXAN
polycarbonate (PC) and CYCOLOY PC/acrylonitrile-butadiene-styrene
(ABS) polymer blend for use in
advanced materials.
These
materials will be tailored to the needs of
industries including electrical and consumer
electronics, automotive, and emerging
sectors such as solar energy,
electrification, and 5G.
The site
will include compounding lines, color
development capabilities, and advanced
equipment.
SABIC
currently operates a technology center in
Shanghai and three compounding plants in
China in Guangzhou, Shanghai and Chongqing.
The new
plant is also expected to create synergies
with SABIC’s two existing joint ventures –
SINOPEC SABIC Tianjin Petrochemical Co (SSTPC)
and SABIC FUJIAN Petrochemicals Co (SFPC).
“This
investment agreement marks another
significant milestone for SABIC’s growth in
China and reflects our continued confidence
in investing in the country,” said
Abdulrahman Al-Fageeh, SABIC’s CEO.
“Building
on this, we will continue to collaborate
with our existing global and local partners
and customers to grow together in China.”