November 2000

SABIC Completes Expansion Projects To Increase Polyethylene Production

The Saudi Arabian Basic Industries Corporation (SABIC) has successfully completed a number of projects to expand production at its various petrochemical plants. All the projects were completed on time and under budget.

The company completed a 300 million U.S. dollar expansion project in March to double the production of styrene at Saudi Petrochemical Company (Sadaf) in Jubail along the Arabian Gulf. The plant, part of the Sadaf complex that also manufactures ethylene, MTBE, caustic soda and industrial ethanol, was built in 1985 and produced 560,000 tons per year (tpy) of styrene before the expansion. The plant now produces 1.1 million tons per year of styrene, making it the largest single-plant producer in the world.

Expansion at two other SABIC plants, Kemya and Sharq, was also completed recently. These two plants produce polyethylene and the expansion projects raised production by 635,000 tpy.

Another SABIC plant that has undergone expansion this year is Yanpet, located at the Yanbu Industrial City along the Red Sea. Capacity at this plant has been increased almost three-fold to 1.85 million tpy of polyethylene. A new polyethylene plant has also been built at Yanpet, adding another 268,000 tpy of polyethylene production to the complex.

These expansion projects raise total production of various types of plastics at SABIC facilities to more than four million tpy.

Work is also nearing completion for the expansion of four other SABIC plants. All these projects are due for completion by December and will go onstream early next year.

One of these projects provides for increasing polyethylene production at Ibn Zahr by 300,000 tpy. SABIC is also building crackers at three of its plants to support downstream operations. The crackers at Yanpet and Kemya each will have a capacity of 800,000 tpy. The third, at Kemya, will have a capacity of 700,000 tpy.

http://www.saudiembassy.net/publications/newsletter2000/11-h.html


(日刊ケミカルニュース 2000/11/30) 

エチレン100万トンン柱に SABIC次期大型石化計画 
 EG46万トン、PE40万トン 19億ドル投じ2004年稼働

 サウジアラビアで2004年の操業開始をにらんだ新しい大型石化事業計画が具体化した。ペルシャ湾岸のジュベール地区に年産能力100万トンのエチレンプラントを建設、誘導品としてエチレングリコール(EG)やポリエチレン(PE)などを生産するもので、サウジ基礎産業公社(SABIC)がこのほど設立した
100%子会社が事業主体になる。SABICが数年前から進めている大規模石化拡張プロジェクトは今年に完工が集中、エチレンの合計年産能力は昨年比70%増の570万トンに拡大しているが、次期の大規模計画により、世界の石化業界で圧倒的な競争力を持つサウジの脅威が増幅する。

 新しい石化事業は、
ジュベール・ユナイテッド・ペトロケミカル・カンパニー(JUPC)が担当。JUPCは、SABICグループの化学分野で17番目の生産会社としてこのほど設立された。石化コンプレックスの建設に関しては、米フルア・ダニエルをプログラム管理サービスの請け負い業者にすることで同社サウジ現地法人と基本合意した。新プラントに採用するプロセス技術は、今年末までに選定する予定。
 石化コンプレックスは、年産
100万トンのエチレン設備をはじめ同46万トンのEG、同40万トンの高密度ポリエチレン(HDPE)および同10万トンの直鎖αーオレフィン(LAO)の設備で構成。操業開始は2004年後半を計画している。総投資額は19億ドル以上になる見通し。
 SABICは現在、2つの合弁会社を合わせて約200万トンのEG年産能力を保有、世界生産量の2割を占めており、新しいEG設備の追加で市場ポジションが一段と強固になる。PEでは合弁3社合計で約250万トンの年産能力があり、新プラントが加わると300万トン近くになる。
 サウジアラビアは、原油大国としての原料優位性を武器に、石油化学産業を1980年代半ばから拡大させている。ただ石化製品の内需が少ないことから製品の大半は輸出されており、アジアでもサウジ製品の流入が増えている。ここ数年進めてきた大規模な設備新増設で、SABICの生産能力は今年に入って急拡大しているが、新プロジェクトが進むことでアジア市場への影響力が一段と大きくなりそうだ。


(SABIC 2001/11/18)

SABIC affiliate awards one million metric ton ethylene project to Halliburton KBR, Chiyoda & Mitsubishi

Jubail United Petrochemical Company (UNITED), a wholly owned SABIC affiliate has awarded an engineering, procurement and construction contract (EPC) for its ethylene plant to a consortium of Halliburton KBR, Chiyoda Corporation and Mitsubishi Corporation (MC).

UNITED is building a mega-olefin complex at Al-Jubail Industrial City in the Eastern Province of the Kingdom of Saudi Arabia. The companys plans include an ethane cracker to produce 1,000,000 mt/y of ethylene, a 150,000 mt/y linear alpha olefins plant, a 575,000 mt/y ethylene glycol (EG) plant and 50% ownership in a 800,000 mt/y polyethylene (PE) plant being built by another wholly - owned SABIC subsidiary, PETROKEMYA. The mechanical completion of the ethylene project is scheduled for 32 months and the project will be on stream by October 2004.

The EPC contract was awarded through an international competitive bidding process. The consortium offered a technically reliable and commercially competitive proposal based on Halliburton KBRs leading ethylene process, Chiyodas EPC experience in the Kingdom of Saudi Arabia and MCs commercial support.

2003/1  Jubail United Petrochemical completes US$1.154 billion loan facility


IBN HAYYAN PLASTIC PRODUCTS (Tayf)  

TAYF is a part of the petrochemicals concern Sabic. TAYF was established in 1996, with Sabic's (Saudi Basic Industries Corporation's) joint venture affiliate, Bin Hayyan (National Plastic Company), taking a 51% stake. Other partners in TAYF are the Saudi Industrial and Commercial Agencies Company (37%), the Saudi Industries Development Company (Tatweer) 10% and the Saudi Ceramic Company (2%).


PROJECT MAKE-UP

Sabic's affiliate, Ibn-Hayyan Plastic Products Company (TAYF), began the final procedure to commence construction of its plant in Jubail in late 1997. The TAYF plant will produce a variety of plastic products using as feedstock PVC resins supplied by National Plastics Company (Ibn-Hayyan) and diocthyl phtalate (DOP) produced by Al-Jubail Fertiliser Company (Samad). These plants are also located at Al Jubail Industrial City. TAYF products will be marketed in the domestic market to meet the increasing demands for industrial and consumer durable plastics.

TAYF annual production will consists of
3,200 tonnes of wall covering products, 18,000 tonnes of floor covering products, 7,800 tonnes of artificial leather products, 24,000 tonnes of cellular sheets used in the manufacture of building construction and signboards, 10,000 tonnes of soft films and sheet, 10,000 tonnes of rigid films and packaging, and 2,000 tonnes of book binding products. The project has a total investment of SR930m ($85 million), of which the Saudi Industrial Development Funds (SIDF) and local commercial banks have provided 75%. Sabic will market TAYF products, 40% of which will be sold in the domestic market.

TAYF, which is a part of Sabic, has awarded the contract to
Stork Alpha Engineering, Netherlands, for the design, project management, materials procurement, and supervision for the construction of a PVC products plant at Jubail Industrial City in Saudi Arabia. Stork's part in the $85m project was worth $8.5m. Stork focused on the entire chain of project management, design, purchase of materials, supervision during construction and commissioning. Stork was in charge of offshore engineering and procurement for the project and Alpha will take care of onshore activities.


July 1, 2002 SABIC

Sale of DSM Petrochemicals to SABIC completed

The sale of DSM
s petrochemicals business to Saudi Basic Industries Corporation (SABIC) has been completed. As a result, the activities of DSM Petrochemicals in Geleen (Netherlands) and Gelsenkirchen (Germany) have been transferred to SABIC retroactively from 1 January 2002. The European Commission has recently approved the sale effective that date.
During ceremonial meetings held in Geleen (Monday, 1 July) and another ceremony in Gelsenkirchen (Tuesday, 2 July), DSM Board Chairman, Peter Elverding handed over these businesses to Mohamed Al-Mady, Vice Chairman and Managing Director of SABIC.

The transaction involves
the transfer of all shares of the companies that together form DSM Petrochemicals (DPC), the associated DPC participations and sales activities, and the related technology positions, patents and trade names.

In 2001, DSM Petrochemicals posted sales of EUR 2.4 billion. The company annually sells about 2.6 million tonnes of polymers, mainly in Europe. As a consequence of the transaction, a total of about 2,300 DSM employees have been transferred to SABIC: the DSM Petrochemicals workforce (2,060 employees, of whom 1,530 are based in Geleen and 530 in Gelsenkirchen), plus a total of 220 people from other DSM units who work exclusively for DPC.

DSM Petrochemicals   established with effect from 1 january 2001 as a merger of the former business groups: DSM Hydrocarbons, DSM Polyethylenes and DSM Polypropylenes


(Joint press release Apr3,2002)

SABIC to acquire DSM's petrochemicals business

DSM and SABIC, the largest petrochemicals producer in the Middle East, have reached an agreement in principle on the purchase of DSM's petrochemicals business by SABIC. The transaction involves the transfer of all shares of the companies that together form DSM Petrochemicals (DPC), the associated DPC participations and sales activities, and the related technology positions, patents and trade names. After the closing, the transaction will take retroactive effect from 1 January 2002. DSM and SABIC expect the closing to take place around 30 June 2002.

The total consideration of the transaction is EUR 2.250 billion; half of this amount will be paid upon closing and the other half 4.5 years after the closing. As from the closing, DSM will account for the net revenue of the sale based on its Net Present Value.

DSM has asked the Works Councils involved to give their advice on this proposed transaction in accordance with legal requirements. Where required the trade unions have also been informed. The transaction requires the approval of the European Commission and may also have to be notified to competition authorities outside the European Union.

DSM was supported in the transaction process by Credit Suisse First Boston. SABIC was advised by JP Morgan Chase.

Strategy
Through this acquisition, SABIC is taking a major step forward in the implementation of its strategy, which is aimed at becoming a leading global player in petrochemicals. This acquisition will move SABIC from 22nd position to 11th position in the global petrochemical industry, and will establish SABIC as the third and fourth global player in the polyethylene and polypropylene businesses respectively.

Mr Mohamed H. Al-Mady, Vice-Chairman and Managing Director of SABIC's Board of Directors, gave the following comment: "This is an exciting proposition for our company. The acquisition of DSM's successful petrochemical business makes sound strategic and economic sense for SABIC. It will provide us with a strong entry position in the European market and a springboard for SABIC's ambition to become a sector leader worldwide. The intended acquisition brings together experienced management teams, successful R&D divisions and a group of skilled people unrivalled in the industry. This will be good news for our customers and suppliers, and provides security and growth opportunities for petrochemical manufacturing in Europe."

By selling its petrochemicals business DSM realizes a major element of its strategy, formulated at the end of 2000, of developing into a specialty company focusing on advanced biotechnological and chemical products for the life science industry and performance materials (Vision 2005: Focus and Value). Commenting on the proposed agreement, Mr. Peter Elverding, Chairman of DSM's Managing Board of Directors, said: "This transaction fits in very well with our Vision 2005 strategy. SABIC is a very strong and highly committed player in the petrochemicals business. Over the years, DSM Petrochemicals has made an excellent contribution to DSM's performance and I am convinced that this transaction will secure its future. DSM will now concentrate on further implementing Vision 2005: Focus and Value."

DSM Petrochemicals
In 2001 DSM Petrochemicals generated sales of EUR 2.4 billion. It annually sells about 2.6 million tonnes of polymers, mainly in Europe.

The proposed sale of
DSM's petrochemical activities to SABIC specifically concerns DSM Hydrocarbons B.V., DSM Polyethylenes B.V., DSM Polypropylenes B.V. (all in the Netherlands), DSM Polyolefine GmbH (DPO, Germany), and DSM Hydrocarbons Americas Inc and DSM Polypropylenes North America Inc in the United States. In anticipation of the intended sale, these businesses were merged into one organization on 1 January 2001 to form the business group DSM Petrochemicals (DPC). In addition, the proposed sale includes DSM's interests in DSM Transport Maatschappij (DTM Pipelines), the integrated pipeline grid in Northwestern Europe (ARG and PALL) and various DPC participations in China and Malaysia. The proposed sale further includes all related technology positions and the activities of the Stamicarbon licensing department for DPC and dedicated activities of DSM's support departments, such as the petrochemicals-related activities of DSM Research and DSM dedicated sales activities of DPC in Belgium, Denmark, France, Spain, Italy, Germany, the UK and Turkey, as well as DSM Sales International and the shared services.


(Chemical Week 2002/4/10)

The acquisition includes capacity at DSM
s major petrochem complexes at Geleen, the Netherlands and Gelsenkirchen, Germany, as well as sales offices at Sittard, the Netherlands and other European locations. DSMs technology licensing business Stamicarbon is also included in the deal.

The deal will increase Sabics polyethylene (PE) capacity 43%, to 3.3 million m.t./year, and more than double its polypropylene (PP) capacity, to 1.9 million m.t./year. Sabic will rise from eighth place to third in PE, and from 10th to fourth in PP. Sabic has about 3.9 million m.t./year of ethylene capacity; DSM has 1.2 million m.t./year. Sabics overall world petrochem ranking will rise to 11, from 22.


Employees and Site relations
In total about 2,300 DSM employees will be transferred to Sabic. DPC employs 2,060 people, of whom about 1,530 are based in Geleen (Netherlands) and 530 in Gelsenkirchen (Germany). The dedicated DPC activities of other DSM units involve a total of about 220 people.

The DPC employees based in Geleen (Netherlands) will be transferred by law to a new company, De Petrochemicals Limburg B.V. The Collective Labour Agreement of DSM Limburg B.V., their current formal employer, will remain in force for them throughout its duration (until 1 April 2003), except for a few provisions that directly relate to DSM N.V., such as the annual profit sharing scheme and the employee option scheme. In consultation with the trade unions, proper alternatives for these schemes will be sought.

At the Gelsenkirchen (Germany) site, the formal employer and legal entity DSM Polyolefine GmbH (DPO) will continue to exist as such; the shares in this company will be transferred to SABIC.

The transaction will not lead to any changes in the terms of employment in force. The same holds for the transfer to SABIC of DSM employees who are not currently employed within DPC or DPO.

This deal will lead to a strong partnership between DSM and SABIC. At the Geleen (Netherlands) site specifically the partners will have mutual interdependencies regarding the supply of feedstocks and products and the provision of services and utilities.

DSM
DSM is active worldwide in life science products, performance materials and industrial chemicals. The group has annual sales of EUR 8 billion and employs about 22,000 people (year-end 2001) at more than 100 sites worldwide.
DSM ranks among the global leaders in many of its fields. The company's strategy is aimed at generating sales of approx. EUR 10 billion in 2005. At least 80% of these sales should be generated by specialties, i.e. advanced chemical and biotechnological products for the life science industry and performance materials.
As such, this Vision 2005 strategy represents an acceleration of the company's ongoing transformation and concentration on global leadership positions in high-added-value activities characterized by high growth and more stable profit levels.

DSM will use the revenues from the sale of its petrochemicals business to make acquisitions in specialty chemicals, in line with the announcements made in 2000, when the company presented its new strategy Vision 2005. At the time, DSM indicated that the planned divestment and acquisitions might not coincide. This may indeed prove to be the case. DSM considers it to be of the utmost importance that the course charted in Vision 2005 be pursued and that the envisaged transformation be completed.Therefore, the revenues from the sale of the petrochemicals business will be brought under the management of a subsidiary company, DSM Vision 2005 B.V. In principle, the revenues from the divestment of EBN (Energie Beheer Nederland) will also be brought under the management of this company.
DSM Vision 2005 B.V. will issue priority shares to a priority shares foundation. The company will require this foundation's approval for a number of decisions, including the decision to use the resources it manages for purposes other than those defined in Vision 2005. Three members of the DSM Managing Board and three members of the DSM Supervisory Board will be appointed to the governing board of this foundation. This arrangement will in principle be of limited duration and will last for the period set for the implementation of the strategy, in other words until the end of 2005 at the latest.

SABIC
The Middle East's largest petrochemicals company, SABIC, is based in Riyadh, Saudi-Arabia. It was founded in 1976, when the Saudi Arabian government decided to use the hydrocarbon gases released in the production of oil as raw materials for the production of chemicals and polymers.

The Saudi Arabian government owns 70% of the SABIC shares. The remaining 30% are held by private investors in Saudi Arabia and other countries of the Gulf Cooperation Council.
SABIC's business activities have been organized into Strategic Business Units (SBU), which have been clustered in five Industry Groups: Basic Chemicals, Polymers, Intermediates, Fertilizers and Metals.

SABIC has two large industrial sites in Saudi Arabia (Al-Jubail and Yanbu), with sixteen world-scale production complexes. Some of these production complexesare operated with multi-national partners, such as Exxon Mobil, Shell, Fortum, Ecofuel/ENI and Mitsubishi Chemicals. In addition, SABIC has interests in three production complexesin Bahrain. Over the last sixteen years SABIC's overall production capacity has increased considerably. In 2001 it amounted to 35 million mtpa in 2001.

SABIC employs about 14,500 people worldwide, most of whom are based in Saudi-Arabia. In 2001 SABIC posted sales of approx. SR 29 billion (EUR 8.9 billion) and a net profit of approx. SR 1.8 billion (EUR 550 million).


(Platts Apr.3,2002
NWE PE buyers await new regime after Sabic swallows DSM

Northwest European buyers of polyethylene are set to monitor market devlopments closely following Wednesday's announcement that Sabic has purchased Dutch petrochemical producer DSM.

Sources polled today noted that Sabic's entrance into the European market could herald a behavioural shift for the Saudi-based polyethylene supplier. "In the past, Sabic's contribution to the NWE market has been inconsistent," said one large buyer.

"We will be interested to see if in their management of DSM they will follow established European habits." Some buyers noted that the deal may increase the availability of cheaper material in the European market.

However, suppliers were not yet feeling any pressure from this angle. One supplier noted: "We think Sabic will be more cautious in Europe as it starts to understand the way the market functions." Another noted Sabic would now also be bound by European legislation and feedstock price burdens.


(November 21, 2001)

ENI in talks with SABIC over possible sale of its chemicals division

Italian oil and chemicals group ENI is in advanced talks with Saudi Arabian conglomerate Saudi Basic Industries Corp (SABIC) over the possible sale of its chemicals division. The management of ENI's chemicals division, Enichem, and SABIC had reached a key stage in discussions, which now hinged on whether SABIC would gain a 51 % controlling share in Enichem.
"Among the various paths explored for Enichem, the most interesting remains the Saudi Arabian group, and negotiations with SABIC at this stage hinge on the issue of control," unidentified industry sources were quoted as saying. It was said that if ENI management agreed to see its stake in Enichem gradually fall to 49 %, a deal could be struck.

ENI has been looking to dispose of its chemicals division for some time. It was a marked drag on first-half results reported in August.


Chemical Week Apr 03, 2002

Sabic Delays Deal for Stake in Polimeri Europa

ENI (Rome), parent company of petrochemical maker Polimeri Europa, says Sabic has asked for more time to consider taking a stake in Polimeri Europa . Sabic is seeking to revise its business plan,ENI adds, but would not elaborate. Negotiations may continue as soon as this revision is carried out,ENI says. ENI, Italys largest chemical producer with sales of E6 billion ($5.2 billion)/year, transferred most of its EniChem chemicals subsidiary to Polimeri Europa on January 1 . EniChem has posted a 2001 net loss of E1.7 billion, compared to a full-year 2000 net profit of E1 billion; sales were not disclosed. EniChem cites costs associated with the sale of businesses and site closures, including the transfer of its petrochemical operations to Polimeri Europa. EniChem says more divestments and closures are planned, but it would not disclose further details. Separately, Sabic is close tobuying DSMs petrochemical operations for E1.6 billion, say recent European press reports.

           

European Chemical News. 22-29 April 2002 

POLIMERI EUROPA TALKS   Sabic decides against 51% stake

Saudi petrochemical group Sabic has terminated talks regarding the purchase of a 51% stake in Polimeri Europa from Italian energy group Eni.

Sabic and Eni said the negotiations collapsed mainly because of recent problems at some of the Polimeri Europa plants. In particular, Sabic was concerned about environmental problems at Polimeri Europa's site in Gela, Italy, according to an Eni spokesman.

Eni confirmed that it will continue to reduce the capital employed in its petrochemicals business. Polimeri Europa, which is part of Eni's EniChem subsidiary, produces olefins, aromatics, intermediates, styrenics and elastomers.

Zac Phillips, a chemicals analyst at Credit Lyonnais, said potential buyers are likely to be non-European, as most players in Europe currently have sufficient capacities in the areas where Polimeri Europa has facilities.

Sabic has said it may be interested in acquiring some of the EniChem assets from Eni. EniChem was left with the chlorine-soda, caprolactam and acrylonitrile activities after it transferred its core activities to Polimeri Europa at the beginning of the year.

Sabic has already secured a foothold in Europe through its agreement to acquire Dutch firm DSM's petrochemicals assets for E2.25bn ($1.98bn). Phillips said a Polimeri Europa deal would be less attractive than Sabic's proposed purchase of the 'far superior' DSM assets.

Polimeri Europa narrowly avoided the closure of its 250 000 tonne/year ethylene cracker in Gela last month, thanks to the reversal of a legal order to shut Eni's refinery at the site. The order was reversed after a government decree allowed the use of 'pet coke'.


(三菱ガス化学 1997/6/2発表)

サウジメタノールカンパニー第4期計画 世界最大のメタノール単一工場さらに増強
  1999年4月完成予定、生産能力300万トン/年超に

日本・サウジアラビアメタノール株式会社(三菱ガス化学株式会社(以下MGCと略す)他8社からなる日本側投資会社、東京都港区、伊藤淑郎社長)とサウジアラビア王国基礎産業公社(以下SABICと略す)との合弁会社であるサウジメタノールカンパニー(AR-RAZI)は、6月2日、リヤドのSABIC本社において、第4期メタノール計画の建設契約を、三菱重工業株式会社(以下MHIと略す)と間で調印しました。
第4期プラントの規模は85万トン/年、完成は1999年4月を予定しています。MHIは第1期、第2期、第3期に引き続いての受注となります。

第4期メタノール計画の概要は以下の通りです。

●計画内容: メタノール製造プラントの1系列増設
●プロセス: MGCプロセス(第1期、第2期、第3期プロセスと同じ)
MGCは同時に運転指導、技術協力を行う
●契約内容: 詳細設計、機器製作および調達、現地建設工事をMHIが請け負う、フルターンキーベース
●設備能力: 2,500トン/日、85万トン/年
●完成予定:1999年4月
●建設費: 第3期プラントと略同一プラントであるが、コンストラクターが同一で、かつ建設時期が略継続することなどから 、第3期より低減する。
●資金調達: 後述
●マーケット: 第4期プラントの生産量の50%は日本へ引き取る権利を有するが、日本の国内市場を勘案し、稼働後逐次引き取り量 を増やしていく。
その間はサウジ国内需要を中心に、SABICにより多く供給されることとなる。

今回の増設は、サウジ国内のメタノール誘導品であるMTBE向け自消量の増大、および世界的なメタノール需要の増大に対応したものです。
AR-RAZIは、1983年2月、サウジアラビアのアルジュベール地区における一連の石油化学プロジェクトの最初のプラントとして、第1期メタノールプラント(64万トン/年)をスタートさせて以来、92年1月には第2期プラント(64万トン/年)を増設、現在は第3期プラント(85万トン/年、本年6月完成予定)建設の最終段階にあります。
第3期プラント完成により、約220万トン/年体制となり、メタノール単一工場としては世界最大となりますが、第4期プラントが完成すれば
年間生産能力は300万トンを上回り、工場運営の合理化に大きく寄与するものと期待されます。
また、第3期プラント以降、メタノール合成プロセスにMGCとMHIが共同開発した省エネタイプの新型合成塔(スーパーコンバーター)が採用され、運転性能の向上とともにプラント全体のエネルギー効率を10%以上高める最新鋭プロセスとなっており、コスト競争力の強化も大いに期待されます。

AR-RAZIは、その第1期計画においては建設総資金の約60%をサウジ政府資金であるPIFから融資を受けましたが、第2期計画は全額自己資金で賄い、第3期計画では総所要資金の60%を借入とし、その全額を日本輸出入銀行からの融資を受けて建設中です。第4期計画においても、総所要資金の70%に対し日本輸出入銀行から融資を受ける予定です。
AR-RAZIは、1983年の稼働開始以来約14年間、日・サ合弁企業として順調かつ成功裏に運営されてきており、今回の計画も日・サ技術・経済協力、およびその友好関係に一層寄与する物と期待されます。

日本・サウジアラビアメタノール株式会社 概要

設立: 1979年11月12日
資本金: 4,620百万円
資本構成: 三菱ガス化学株式会社 47.0%
     海外経済協力基金   30.0%
     三井東圧化学株式会社  5.0%
     住友化学工業株式会社  5.0%
     株式会社クラレ     5.0%
     伊藤忠商事株式会社   5.0%
     新日鉄化学株式会社   1.0%
     東邦理化工業株式会社  1.0%
     日本化成株式会社    1.0%

サウジメタノールカンパニー(AR-RAZI) 概要

設立: 1980年2月9日
資本金: 259百万サウジリアル
資本構成: 日本・サウジアラビアメタノール株式会社     50%
       SAUDI BASIC INDUSTRIES CORPORATION   50%


San Antonio (Platts)--25Mar2002

Saudi petchem giant SABIC plots global growth strategy

Saudi Arabia's state-owned SABIC is embracing globalization as the basis of its long-term growth strategy, according to Nasser Al-Sayyari, president of SABIC's Basic Chemical Division, who spoke Monday at the NPRA IPC. Referring to the Sep 11 terrorist attacks and the current economic slump, Al-Sayyari said, "what we are seeing now is the downside of globalization". But there is still a larger upside, he noted. "International trade has become recognized as the driver of prosperity," he said. Accordingly, SABIC has mapped out a course for expanding beyond the Middle East and into Asia and Europe, as evidenced by its active exports to China and its
current negotiations for acquiring Enichem.
In the next 25 years, SABIC plans to "enhance" its global market position based on cheap domestic gas feedstocks, Al-Sayyari said. SABIC is also pursuing a two-prong strategy of increasing its exports of ethylene derivatives while making new plant investments abroad near centers of demand. In addition, the company will "consider, where appropriate, alliances or buying companies in advanced nations," Al-Sayyari said. In this regard, Al-Sayyari said
Latin America was "worth looking closely into;" China was "promising;" and Europe, the US, and Canada were "getting to know SABIC." He declined to comment on the state of negotiations with DSM and Enichem. Other long-term plans include "eventual" privatization and the development of in-house process technology.


European Chemical News. 1-8 April 2002   

NGI could start by 2011

The Saudi Arabian Natural Gas Initiatives (NGI), core ventures 1-3, will yield petrochemical projects producing up to 3.5m tonne/year of ethylene and derivatives, estimates CMAI consultant Pat Rooney. Speaking at the recent CMAI World Petrochemical conference in Houston, Texas, US, Rooney said that CMAI believes total investment in the projects will be between $25bn and $35bn, but could be higher if substantial gas reserves are discovered.

Core venture 1, led by ExxonMobil based at South Ghawar, North Rub Al'Khali, has already identified feedstocks to build more than 2m tonne/ year of ethylene and derivatives. Core venture 3, led by Shell based at Shaybah, South Rub Al'Khali, currently has feedstocks to produce at least 1m tonne/year of ethylene and derivatives. CMAI suggests crackers could come on stream by 2011.

CMAI added that the kingdom of Saudi Arabia is politically committed to the NGI. Saud Al-Faisel, Saudi Arabia's foreign minister and leader of the ministerial committee charged with negotiation of the deals, recently said: 'A sustained investment of at least $5bn/year is expected during the early part of the programme. Therefore we expect the initiative to result in the creation of thousands of jobs for Saudi citizens and opportunities for the advantage of Saudi business.'


Eight petroleum majors sign agreements for three giant gas projects
         http://www.saudiaramco.com/publications/jot/Fall2001/pages55to58.pdf

Saudi Arabia on June 3,2001 signed historic preparatory agreements with eight major international oil companies (IOCs) for three huge projects to help develop the Kingdom's natural gasresources. The Natural Gas Initiative (NGI) projects are in the north Rub' al-Khali and Shaybah areas in the Eastern Province and on the Red Sea in the northwest.
The exclusively gas-based projects span the full value chain of the gas business.
Saudi Aramco has pioneered gas exploration in all three regions, and the company will play a key role in the momentous new projects.
Abdallah S. Jum`ah, president and CEO, headed the Saudi Aramco delegation at the signing.
The agreements commit the IOCs to undertake a project definition program to specify designs, investment amounts and timetables. The projects cover 440,000 square kilometers (176,000sq. miles) in three Core Venture areas, one of the largest com-bined areas in the world to be offered for hydrocarbon investment. ExxonMobil Corp. will be the lead IOC in
Core Venture I projects in the north Rub' al-Khali, with Royal Dutch/Shell,British Petroleum and Phillips Petroleum Co. holding stakes in the consortium. The venture, the biggest on offer, is viewed as a $15 billion development.
ExxonMobil was also tapped as the leader for
CoreVenture 2 on the Red Sea, with Marathon and Occidental Petroleum Corp. holding consortium stakes.
Royal Dutch/Shell will lead the
Core Venture 3 consortium,developing the north Rub' al-Khali gas projects, with TotalFina Elf and Conoco, Inc. the other shareholders.
The projects will involve gas exploration and development; establishing new petrochemical industries that use gas for fuel and feedstock; and building new gas-fueled power and desalination plants.
Saudi Aramco has worked diligently for the past several years to increase the capacity of the Kingdom's gas network, known as the Master Gas System (MGS). Its capacity is projected to increase from 4.3 billion standard cubic feet per day(scfd) today to 6.9 billion scfd by 2004.
The MSG is one of the largest systems of its kind in the world and has an outstanding performance record. For 25 years it has been providing fuel and feedstock to spur thedevelopment and rapid growth of the Kingdom's utilities andpetrochemical industries.
The NGI projects are the first opened to foreign investmentin the Saudi energy sector since 1981. Saudi Arabia holds the fourth largest reserves of gas in the world, with about 220 trillion scf at year-end 2000 (The Arabian Sun, June 6, 2001).

Core Venture-1  ExxonMobil 35%, Royal Dutch/Shell 25% , British Petroleum 25%, Phillips 15%
Core Venture-2
 ExxonMobil 60%, Marathon 20% , Occidental 20%
Core Venture-3
 Royal Dutch/Shell 40% ,TotalFina 30%, Conoco 30%

 

 


Chemical Week May 22, 2002

Saudi Firm Plans Three Units at Al Jubail Complex

Privately owned
Yusuf bin Ahmed Kanoo Group (Riyadh, Saudi Arabia) says it will build a $30-million plant to produce 45,000 m.t./year of phthalic anhydride (PA) and 5,000 m.t./year of maleic anhydride (MA) at Al Jubail, Saudi Arabia. Completion is scheduled for next year, the company says. Yusuf bin Ahmed Kanoo says it has completed a feasibility study for the project and it is evaluating technologies. The company says it also has secured land from the Royal Commission for Jubail & Yanbu for a grassroots, 500,000-m.t./year polypropylene (PP) plant at Al Jubail.


2007/3/12 ameinfo.com

Ma'aden and SABIC sign strategic partnership agreement

Dr. Abdullah Ibn Issa Al-Dabbagh, President and CEO of
Ma'aden, and Mohamed Al-Mady, Vice-Chairman and CEO of SABIC today signed an agreement opening the way for the two companies to create a strategic joint venture in a phosphate minerals project.

Total capital investment in the project is SR13 billion. SABIC will have a thirty percent (30%) equity share with the seventy percent (70%) balance of ownership being retained by Ma'aden. The project aims to utilize phosphate reserves in the north of Saudi Arabia to produce phosphate fertilizers in the Minerals Industrial City at Ras Az Zawr

Dr. Dabbagh said, 'This strategic alliance between two major players of Saudi industry is a major boost for the Saudi fertilizer and mining industries. It will reinforce existing efforts for the development of an integrated industry and help in the exchange of technology, expertise and development programs to optimize the utilization of this vital resource. It will further drive long term industrial progress, creating high quality Saudi products that are competitive in world markets.'

'The project caters for effective collaboration between the two leading companies. Ma'aden will furnish technology and expertise in the phosphate industry while SABIC will provide technology and marketing expertise in the field of nitrogen fertilizers.'

Dr. Dabbagh stated that the project consists of a phosphate mine and processing plant at Al-Jalamid in the Northern Region of Saudi Arabia. There will also be a phosphate fertilizer production complex north of Al-Jubail at Ras Az Zawr. Ma'aden recently signed contracts for the designing of Sulfuric Acid, Phosphoric Acid, Ammonia and Diammonium Phosphate plants, producing 3 million tonnes per year of Diammonium Phosphate Fertilizer (DAP) within the fertilizer complex in the Minerals Industrial City at Ras Az Zawr. The complex is scheduled to go on-stream by mid 2010. It will be one of the world's largest single phosphate fertilizer complexes.

The phosphate concentrate produced at the mine will be transported 1,200 kilometers to Ras Az Zawr by rail where it will be processed. The Public Investment Fund (PIF) is financing and supervising the construction of the new North South Railroad that will be used to transport the phosphate concentrates.

The phosphate ore reserves in the North of the country will be surface mined and have an estimated mineable resources of 1.6 billion tonnes in addition to further resources of 1.5 billion tonnes.

Mohamed Al-Mady, SABIC Vice Chairman and CEO expressed his appreciation at the signing of the agreement between SABIC and Ma'aden. He reaffirmed the significance of strategic partnerships within national production sectors which follow the pattern of major alliances among global companies in the industrial world, aimed at strengthening their competitiveness.'

Al-Mady said, 'This agreement is a leading step that should be followed by similar initiatives to build up national strategies to implement integration among these sectors and optimize the use of hydrocarbon and mineral resources nation-wide to drive industrial development, increase contribution to the GDP and diversify the national income resources.'

Al-Mady explained that the agreement between SABIC and Ma'aden will add considerable value to the Saudi fertilizer industry. He said, 'It provides for growth to meet the national agricultural sector's needs and better contribute to achieving world food security. SABIC is one of the world's largest producers of fertilizers with an annual capacity exceeding 8 million tonnes and is the world's largest producer of granular urea. It has built up a world-class global marketing network and advanced R&T facilities which innovate and have developed many industrial technologies. SABIC also plays a leading role in agricultural research.'

Approximately 1,400 new direct jobs will be created by the project with significant numbers of additional indirect jobs being created in supporting industries.

Ma'aden

Ma'aden was established as a Saudi Arabian joint stock company in March 1997 under Royal Decree Number M/17. Its purpose is to facilitate the development of Saudi Arabias non-petroleum mineral resources and to diversify the Kingdoms economy away from the petroleum and petrochemical sectors. Maaden engages in the development, advancement and improvement of all aspects of the mineral industry, mineral products and by-products and related industries in Saudi Arabia. It encourages private sector participation in the development and production of all types of minerals, either independently or in joint ventures with foreign companies.


2007/4/11 arabianbusiness.com

SABIC seeks deals with Saudi Aramco

Saudi Basic Industries Corp. (SABIC) aims to develop chemical projects with state-owned Saudi Aramco, Saudi Arabia's al-Riyadh newspaper reported on Wednesday, citing SABIC's chief executive.

"We aspire to the emergence in the very near future of an alliance between Aramco and SABIC in the petrochemicals industry," Mohamed al-Mady said, according to the newspaper. The newspaper did not give details.

Mady declined to comment when Reuters called him.

SABIC and state-owned Saudi Arabian Mining Co. last month agreed to work together to develop a $3.5 billion phosphate project in the Saudi kingdom, a deal Mady referred to in the newspaper interview.

Aramco has agreed to several petrochemical joint ventures with foreign companies including Japan's Sumitomo Chemicals, raising concern this will hurt state-controlled SABIC, the world's largest chemical company by market value.

Mady said global supplies of chemicals would balance demand through 2008, sustaining prices, according to the newspaper.

"Right now, there is balance between supply and demand. Also prices are good for producers and demand is high, especially for fertilisers, steel and some petrochemical products," he said.

"But expectations are for a growth in supply with new capacities starting production by the start of 2009," he said.


2007/5/23 ameinfo

SABIC Chairman opens two new offices in China

His Highness Prince Saud bin Abdullah bin Thenayan Al-Saud, Chairman of SABIC (Saudi Basic Industries Corporation), has officially opened two new offices for SABIC in China; in Beijing and Shenzhen.

In combination with SABIC's existing offices in Shanghai and Hong Kong, SABIC has strengthened its position in the world's most important and fastest growing polymers market and can now provide even stronger support locally to its customers in China.

SABIC Chairman, His Highness Prince Saud bin Abdullah bin Thenayan Al-Saud, said: "China is currently SABIC's most strategically important export market globally and is also the fastest growing polymers market in the world. The opening of these two new offices reflects our commitment to the long-term growth and future prospects that we see in China. Over the next three years most of SABIC's new petrochemical capacity will be allocated to the rapidly expanding Asian markets, of which China is the most important."

His Highness Prince Saud noted that: 'Asia is a region where SABIC not only wants to supply products, but is also a region that SABIC regards as a strategically important location for future manufacturing of its products. Within the Asia region China is clearly the best location for this manufacturing to take place. The opening of the new offices in China is a sign of the confidence that SABIC places in the economic opportunities in China and strongly supports SABIC's growth strategy of being among the world's top three petrochemical companies by 2020.'

SABIC is in the middle of a strong expansion throughout Asia. In addition to the new offices in China, warehousing and storage facilities in Shanghai and Hong Kong have been joined by new facilities in Huangpu and Tianjin. A new bonded liquid chemicals tank at Zhangjiagang is scheduled to open soon, and more warehousing and storage facilities are also planned at Qingdao, Ningbo and Yantian.

SABIC now has 11 offices in eight countries in Asia Pacific; in Beijing, Shanghai, Shenzhen, Hong Kong, Taipei, Tokyo, Seoul, Manila, Jakarta, Ho Chi Minh City and Singapore, where SABIC's regional headquarters is based.

Before arriving in Beijing, His Highness travelled to Guangzhou to visit the SABIC stand at ChinaPlas 2007, the 21st International Exhibition on Plastics and Rubber Industries, and to attend a customer reception for 300 people where he thanked all customers for their continued support.


2008/4/13 Reuters

SABIC says withdraws from $1 bln Osos talks

Saudi Basic Industries Corp 2010.SE (SABIC) said on Sunday it has pulled out of talks on taking a stake in the $1 billion Yanbu-based Osos Petrochemicals project.

"After several rounds of negotiations, the two parties have not reached a final agreement about this project, and therefore SABIC decided to not take it any further," SABIC said in a statement.

It did not elaborate.

SABIC had agreed to consider taking a 35 percent stake in the joint venture polybutylene terephthalate (PBT) complex, the world's largest chemical firm by market value said in January.

London-based MEED magazine reported on Saturday that SABIC pulled out of the talks saying PBT's offtake cost could be a reason for the breakdown of the talks.

MEED did not say how it obtained the information.

Osos aims to produce engineering plastics and specialty products and plans to start production in 2010, according to its Web site. It also plans to sell shares in an initial public offering, Saudi Oil Minister Ali al-Naimi said in April, 2006.