R&D efforts in the GCC’s petrochemicals and chemicals sector will focus on processes to reduce the carbon footprint and environmental impact of production, as well as innovation in product applications, company services and business models, says Patrick Cooke, managing editor, Middle East and Asia at Oxford Business Group
Petrochemicals
TA’ZIZ and Reliance sign shareholder agreement for Ruwais chemicals project
Abu Dhabi Chemicals Derivatives Company RSC Ltd (TA’ZIZ) and India’s Reliance Industries Limited (RIL), have signed a shareholder agreement for the TA’ZIZ EDC & PVC project, a world-scale chemicals development project at the TA’ZIZ Industrial Chemicals Zone in Ruwais
SABIC wins ESG award
SABIC, the global diversified chemicals company headquartered in Riyadh, scooped the “Best ESG” award at the Saudi Capital Market Awards 2022, in recognition of its commitment to adopting the highest Environmental, Social and Governance (ESG) standards
Red Sea National Petrochemicals Company and Aramco Trading sign oil supply and product offtake agreement
Aramco Trading Company has signed an agreement with Egypt’s Red Sea National Petrochemicals Company for a long-term crude oil supply for its planned refinery complex with a provision for offtake of refined and petrochemical products
GDA International Downstream Conference & Exhibition postponed
The Gulf Downstream Association’s International Downstream Conference & Exhibition, due to have been held from 31 May-2 June in Bahrain, has been postponed to the first quarter of 2023