IHS Chemical Week

Regions :: Middle East :: Saudi Arabia

Saudi Arabia (916)


Advanced Petrochemical reports lower net profit in 2015
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 million). Operating profit, however, edged up 1.01% to SR742.52 million...

Sinopec to build R&D center in Saudi Arabia
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, technology promotion, and training Sinopec’s senior personnel, the company...

Sadara to commission ethylene plant in March
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 in March, according to Ziad Al Labban, CEO. The Technip-process plant is...

Saudi Kayan details maintenance shutdown
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 off-line for 48 days beginning 1 March. It will also perform maintenance on...

Tasnee's losses mount on lower prices, restructuring, layoffs
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 selling prices of petrochemical products,  especially acrylic acid, and...

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