IHS Chemical Week

Archives :: Regions :: Middle East :: Saudi Arabia

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February 11, 2016
Clariant says that  construction has begun on a previously announced masterbatches plant at Yanbu, Saudi Arabia. The project is a joint venture between Clariant and Rowad National...
http://www.chemweek.com/regions/middle_east/saudi_arabia/Construction-begins-on-Clariant-Tasnee-masterbatches-JV-in-Saudi-Arabia_77118.html
February 11, 2016
Lanxess and Saudi Aramco say that all relevant antitrust authorities have cleared their previously announced synthetic rubber joint venture, and the jv will be launched on 1 April...
http://www.chemweek.com/regions/middle_east/saudi_arabia/Lanxess-Saudi-Aramco-synthetic-rubber-JV-to-be-launched-on-1-April-under-the-name-Arlanxeo_77081.html
February 9, 2016
Israel Chemicals Ltd.'s (ICL; Tel Aviv) fourth-quarter 2015 net income was $96 million, up from $86 million one year earlier, mainly due to higher prices in the bromine value chain and...
http://www.chemweek.com/regions/middle_east/saudi_arabia/ICLs-net-income-up-on-higher-prices-operational-improvements_77026.html
February 8, 2016
Saudi Kayan, a Sabic affiliate, on Monday reported large 2015 losses. Net loss rose to 1.243 billion Saudi riyals ($331.5 million) from a net loss of SR44.7 million in 2014. Operating...
http://www.chemweek.com/regions/middle_east/saudi_arabia/Saudi-Kayan-reports-large-loss-in-2015_76993.html
February 8, 2016
Saudi International Petrochemical Co. (Sipchem; Al Jubail) said on Monday that it has completed the acquisition of Ikarus Petroleum Industries Co.’s (Shouweikh, Kuwait) stake in...
http://www.chemweek.com/regions/middle_east/saudi_arabia/Sipchem-completes-purchase-of-Ikarus-share-in-acetyls-affiliates_76995.html
February 4, 2016
Advanced Petrochemical Co., a producer of polypropylene, has released its annual financial earnings results. Net profit in 2015 was 5.05% down at 713.03 million Saudi riyals ($190.11...
http://www.chemweek.com/regions/middle_east/saudi_arabia/Advanced-Petrochemical-reports-lower-net-profit-in-2015_76947.html
February 1, 2016
Sinopec says that, on 21 January, it broke ground on a research center at the Dhahran Techno Valley in Saudi Arabia. The center will focus on application technology research...
http://www.chemweek.com/regions/middle_east/saudi_arabia/Sinopec-to-build-R-and-D-center-in-Saudi-Arabia_76836.html
January 28, 2016
Sadara, a Saudi Aramco-Dow Chemical joint venture now in the final stages of building a $20-billion petrochemical complex at Jubail, will commission its core unit, a mixed feed cracker...
http://www.chemweek.com/regions/middle_east/saudi_arabia/Sadara-to-commission-ethylene-plant-in-March_76721.html
January 27, 2016
Saudi Kayan, a Sabic affiliate, has outlined plans for a maintenance shutdown postponed from last year to 2016. The company plans to take the ethylene oxide and ethylene glycol units...
http://www.chemweek.com/regions/middle_east/saudi_arabia/Saudi-Kayan-details-maintenance-shutdown_76699.html
January 22, 2016
National Industrialization Co. (Tasnee) has reported large quarterly and full-year losses, citing the sharp decline in the average selling prices of titanium dioxide, lower average...
http://www.chemweek.com/regions/middle_east/saudi_arabia/Tasnees-losses-mount-on-lower-prices-restructuring-layoffs_76625.html
January 21, 2016
Saudi International Petrochemical Co. (Sipchem; Al Khubar) reports significantly lower quarterly and full-year profits. The net profit in the fourth quarter was down 80%, to 26 million...
http://www.chemweek.com/regions/middle_east/saudi_arabia/Sipchem-reports-lower-profits_76598.html
January 21, 2016
Rabigh Refining and Petrochemical Co. (Petro Rabigh), a joint venture between Saudi Aramco and Sumitomo Chemical, on Thursday announced an increase in fourth-quarter net loss and a...
http://www.chemweek.com/regions/middle_east/saudi_arabia/Petro-Rabigh-losses-widen-on-plant-shutdown-and-declining-margins_76596.html
January 21, 2016
King Salman bin Abdulaziz Al Saud, the king of Saudi Arabia, and Xi Jinping, president of China, have inaugurated the Yanbu Aramco Sinopec Refining Co. (Yasref) refinery at Yanbu. The...
http://www.chemweek.com/regions/middle_east/saudi_arabia/Saudi-king-Chinese-president-inaugurate-Yasref-refinery-sign-cooperation-deal_76570.html
January 19, 2016
Methanol Chemicals Co. (Chemanol; Dammam), an integrated producer of methanol and derivatives, on Tuesday reported significantly higher quarterly losses and a swing to a net annual...
http://www.chemweek.com/regions/middle_east/saudi_arabia/Chemanol-losses-mount-on-lower-methanol-and-derivatives-prices-outages_76535.html
January 18, 2016
Alujain (Jidda, Saudi Arabia), which has a majority stake in Yanbu, Saudi Arabia–based propylene and polypropylene (PP) producer Natpet, reports fourth-quarter 2015 net profit...
http://www.chemweek.com/regions/middle_east/saudi_arabia/Saudi-polypropylene-producers-report-lower-profits_76503.html
January 22, 2016
Sabic on Sunday reported a 29.4% drop in fourth-quarter net profit to 3.08 billion Saudi riyals ($821.6 million). This was a 45% decline from the SR5.6 billion reported in the third...
http://www.chemweek.com/regions/middle_east/saudi_arabia/Sabic-profits-sales-down-on-lower-prices-impairment-charges_76498.html
January 15, 2016
Yanbu National Petrochemical Co. (Yansab), a Sabic subsidiary, has announced profits fell massively in fourth-quarter and full-year 2015. The quarterly net profit was down 36%, to...
http://www.chemweek.com/regions/middle_east/saudi_arabia/Yansab-and-Safco-profits-tumble-on-lower-prices_76471.html
January 14, 2016
Rabigh Refining and Petrochemical Co. (Petro Rabigh), a joint venture between Saudi Aramco and Sumitomo Chemical, has announced that its multi-billion dollar phase II project will be...
http://www.chemweek.com/regions/middle_east/saudi_arabia/Petro-Rabigh-project-delayed-costs-escalate-as-contractors-fail-to-meet-schedule_76396.html
January 14, 2016
Saudi Kayan, a Sabic affiliate, on Thursday reported fourth-quarter net loss of 624.14 million Saudi riyals ($166.4 million) compared with a net profit of SR11.78 million in the...
http://www.chemweek.com/regions/middle_east/saudi_arabia/Saudi-Kayan-swings-to-big-fourth-quarter-loss-on-low-prices_76395.html
January 25, 2016
Saudi Arabian chemical producers are assessing the impact of the energy and feedstock price hikes announced by the Saudi government in its state budget on 29 December 2015. The...
http://www.chemweek.com/regions/middle_east/saudi_arabia/Saudi-firms-reducing-costs-to-soften-blow-of-feedstock-and-energy-hikes_76348.html
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