IHS Chemical Week
MIDEAST/AFRICA

NPC aims to start up second Kavian cracker by September - report

4:58 PM MDT | April 17, 2015 | Clay Boswell

National Petrochemical Company (NPC; Tehran) expects to start up a second 1 million m.t./year ethylene plant at the Kavian petrochemical complex in Assaluyeh, Iran, by September, according to a local news report....


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Yansab starts lengthy maintenance shutdown

Yanbu National Petrochemical Co. (Yansab; Yanbu, Saudi Arabia), a Sabic affiliate, said on Thursday that its manufacturing complex at Yanbu will undergo maintenance starting Friday. The complex will be down for 35 days, but the ethylene glycol (EG)...

Sahara, Advanced and Ma'aden report first-quarter results

More Saudi firms today announced their first-quarter results. Sahara Petrochemical Co. reported first-quarter net loss of 49.5 million Saudi riyals ($13.2 million) compared with a net profit of SR99.9 million in the year-earlier quarter. The company...

Saudi Kayan reports large first-quarter losses

Saudi Kayan, a Sabic affiliate, today reported a large loss for the first quarter of this year. Net loss reached 591.64 million Saudi riyals ($157.7 million). This compares with a net profit of SR9.94 million in the year-earlier quarter. Operating loss in the...

Flotek and Solazyme sign deal to develop and market drilling fluid technologies and expand marketing of Encapso in Mideast

Flotek Industries (Houston) and Solazyme (South San Francisco) say that they have entered into agreements to globally commercialize Flocapso, an innovative, advanced drilling fluid additive. In addition, Flotek will market Solazyme’s Encapso lubricant...

Sabic's new CEO makes personnel, business unit changes (Update)

Yousef Abdullah Al Benyan, who was appointed as Sabic’s CEO elect on 15 February and who is expected to be confirmed as CEO, has made several organizational changes, CW has learned. In one of the most significant changes, Sabic’s youngest business...

Petro Rabigh appoints new chairman

Petro Rabigh shareholders have approved Abdulaziz Al Qudaimi as a nonexecutive board member and chairman until the end of the current term. Al Qudaimi replaces Khalid Al Buainain, who resigned on 24 February. Petro Rabigh’s shareholders have also...

Safco reports decline in first-quarter profits

Saudi Arabian Fertilizer Co. (Safco), a Sabic affiliate, today reported a decline in first quarter profits. Net profit was down 30.01% to 590 million Saudi riyals ($157.3 million), compared with the year-ago quarter, while operating profit declined 26.85% to...

A. Schulman to produce masterbatches in Turkey

A. Schulman says it will establish a new masterbatch production facility near Istanbul, with capacity for 40 million pounds/year of additive, white and breathable masterbatches for food and industrial packaging customers in Turkey, the Middle East, and North...

Yansab reports large drop in first-quarter profits

Yanbu National Petrochemical Co. (Yansab; Yanbu, Saudi Arabia), a Sabic affiliate, today announced a major drop in profits for the first three months of the year. Net profit plummeted 49%, to 285.1 million Saudi riyals ($76.0 million), and operating profit...

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