SABIC has announced it will be in the process of a global transformation aimed at creating a more cost-efficient and customer oriented organisation that meets customer demands more effectively
Petrochemicals
GCC petchem production rose by 8.3 per cent last year
Petrochemical production in the GCC rose by 8.3 per cent in 2014, making it the second-highest growth region in the world, according to latest industry report by Gulf Petrochemicals and Chemicals Association (GPCA)
PetroRabigh to begin bidding for petchem units in KSA
Saudi Arabia’s PetroRabigh will start the bidding process to build new units, including one to produce clean fuel, at its petrochemical and refining complex in Rabigh
Lanxess sells half of rubber business to Saudi Aramco
German group Lanxess has agreed to sell a 50 per cent stake in its synthetic rubber business to Saudi Aramco
Saudi Arabia largest fertiliser producer in GCC, UAE records 51 per cent growth
The Gulf Petrochemicals and Chemicals Association (GPCA), in its latest report, has revealed that the Gulf’s fertiliser production capacity has grown 102 per cent in the past decade, earning US$6.5bn in revenue