The National Industrialization Co. (Tasnee) and Sahara Petrochemical Co. agreed a US$1.4 billion financing deal with Saudi banks to support three joint ventures: Saudi Acrylic Acid Co., Saudi Acrylic Monomers Co. and Saudi Polyolefins Co.
Petrochemicals
Impact of gas prices on Saudi petrochemical firms
A new NCB Capital report looks at the impact of changing gas prices which could rise from US$0.75/mmbtu to US$1.5/mmbtu at the start of 2012 on the local petrochemical companies in Saudi Arabia.
Qurain to build a US$1 billion petrochemical plant in Saudi
Qurain Petrochemical Industries Co (QPIC) plans to develop a petrochemical plant, expected to cost more than $1 billion and located in Jubail, Saudis petrochemicals hub.
Overcapacity threatens GCC petrochemicals profitability
According to a study released by AlixPartners - the Gulf Cooperation Council (GCC) chemicals sector is strong but it faces numerous challenges and regional companies must adapt to new feedstock options and changing markets.
New petrochemical project in Egypt awarded
Drake & Scull Water and Power (DSWP), a wholly owned subsidiary of Drake & Scull International, secured a US$38.5mn Construction Contract of a Mining Grade Ammonium Nitrate Plant in the province of Ain Sukhna in Egypt.
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