Nigel Davies, Insights Editor at ICIS, examines the potential for further disruption and uncertainty for the petrochemicals sector in May
Petrochemicals
JXTG to start feasibility study on ENB expansion in Saudi Arabia
Japanese petroleum company JXTG Nippon Oil & Energy Corporation has announced a feasibility study for a new ethylidene norbornene (ENB) plant to be built in Jubail, Saudi Arabia, as part of the Amiral petrochemical complex, announced by state oil giant Saudi Aramco and Total in 2018
Ashurst advises PIC on major petrochemical joint venture with SKC
The planned formation of a major petrochemical joint venture between Kuwait’s Petrochemical Industries Company (PIC) and South Korea’s SKC completed on 29 February 2020
UAE’s Mubadala sells majority stake in Borealis for US$4.68bn
Mubadala Investment Company, the Abu Dhabi-based strategic investment company, and OMV, an international integrated oil and gas company headquartered in Vienna, have signed an agreement that will give OMV a majority stake in Borealis, one of Europe’s leading petrochemical companies
Saudi Aramco signs 66 MoUs worth US$21bn with local, international partner
Saudi Aramco has signed 66 Memoranda of Understanding (MoUs) and strategic and commercial collaborations valued at more than US$21bn with international partner companies and entities from 11 countries in several industrial and business sectors across the Saudi Arabian energy sector
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