Saudi Arabia’s SABIC and South Korea’s SK Global Chemical have concluded negotiations for a 50-50 joint venture (JV) to purchase a special solution technology and a manufacturing plant for US$640mn
Petrochemicals
Air Liquide starts its largest hydrogen project in Saudi Arabia
French firm subsidiary Air Liquide Arabia has began producing hydrogen from Yanbu Industrial City, located on the west coast of Saudi Arabia
Saudi Kayan reschedules maintenance work
Saudi Kayan has pushed back maintenance work at some of its plants by six months to March 2016
Global petrochemical prices continued to climb in May
Petrochemical prices in the US$3 trillion-plus global petrochemicals market climbed another four per cent month over month in May
Oman to build petchem plant and refinery in Indonesia
Oman will invest US$7bn to build oil storage facilities, a petrochemical plant and a refinery as well as supply crude oil to the Southeast Asian country, an Indonesian minister has announced