Kemya （Jan. 10, 2001 ExxonMobil Chemical ）
Chemical Announces Completion of Kemya Joint Venture Plant
ExxonMobil Chemical announced today the successful completion of a US$1 billion expansion at the Al Jubail Petrochemical Company (Kemya) joint venture petrochemical plant in Al Jubail, located on the east coast of Saudi Arabia.
As part of the expansion, capacity was added to the existing linear low-density polyethylene plant expanding it from 615,000 tons per year to 850,000 metric tons per year. Also, a new 218,000 metric-ton-per-year low-density polyethylene plant was constructed. This plant, Saudi Arabia's first high pressure LDPE plant, is based on ExxonMobil proprietary technology. Finally, a grass-roots 700,000 metric ton olefins steamcracker was successfully brought onstream in late November 2000.
Ibn Zahr http://www.chemicals-technology.com/projects/
AL JUBAIL POLYPROPYLENE PLANT, SAUDI ARABIA
The Saudi European Petrochemical Company (also known as Ibn Zahr) is 70% owned by Sabic (Saudi Arabian Basic Industries Company). Arab Petroleum Investment Corporation (APICORP) also owns 10% of the company.
The polypropylene plant that came online in 2000 has a capacity of 260,000t/yr, raising the company's production capacity for polypropylene at the Al Jubail site to over 640,000t/yr.
PARSONS GIVEN EPC CONTRACT
YANPET (SABIC March 12, 2000)
YANPET (Saudi Yanbu Petrochemical Company), a joint venture affiliate of the Saudi Basic Industries Corporation (SABIC), recently began commercial production at its newly commissioned complex that includes an 800,000 metric tons per year (mt/y) ethylene cracker and three world-scale plants to produce ethylene glycol, polyethylene and polypropylene.
The US $2.6 billion expansion project, has made YANPET one of the largest petrochemical complexes in the world, with two ethylene crackers (capacity: 1.6 million mt/y) and production capacity of more than 2 million mt/y. YANPET II has added 420,000 mt/y of ethylene glycol, 535,000 mt/y polyethylene, 260,000 mt/y of polypropylene and 125,000 mt/y of pyrolysis gasoline to the company's production.
Prior to this expansion, YANPET consisted of an 800,000 mt/y ethylene cracker, and derivative products included 350,000 mt/y of ethylene glycol and 610,000 mt/y of polyethylene. YANPET II diversifies its product portfolio into polypropylene and pyrolysis gasoline while more than doubling total production capacity.
YANPET was established in 1980 as a joint venture between SABIC and Mobil (now ExxonMobil), and came on stream in 1985. The complex is recognized as a world-class facility in terms of operational efficiency and industrial safety. YANPET currently employs 1660 people, out of which 76 percent are Saudi nationals.
PETROKEMYA (SABIC March 13 2000)
PETROKEMYA (Arabian Petrochemicals Company), a wholly owned affiliate of the Saudi Basic Industries Corporation (SABIC)
The loan money will be used for general corporate purposes including the construction of a new flexible cracker designed to produce 800,000 metric tons per year (Mt/y) of ethylene, 160,000 Mt/y of propylene and 25,000 Mt/y of benzene. In addition, the company has a 50 percent stake in the 500,000 Mt/y styrene plant under construction at another SABIC affiliate, SADAF (Saudi Petrochemical Company). The projects are expected to come on stream this year, boosting PETROKEMYA's total production capacity by about 1 million Mt/y.
PETROKEMYA currently operates an integrated complex of nine plants that produce 1.45 million Mt/y of ethylene, 325,000 Mt/y of propylene, 305,000 Mt/y of benzene, butadiene and butene-l, and 135,000 Mt/y of polystyrene. The company was established in 1981 as a wholly owned SABIC affiliate, and came on stream in 1985.
BASELL IN JOINT VENTURE TO
CONSTRUCT NEW PETROCHEMICAL COMPLEX IN SAUDI ARABIA
National Petrochemical Industrialisation Company (NPIC) and Basell Holdings Middle East GmbH (Basell) signed on Wednesday, 14th Rabi Awal 1422 corresponding to 6th June 2001, the joint venture agreement during a reception held in Riyadh under the patronage of H.H. Prince Abdullah Bin Faisal Bin Turki Al-Saud, Assistant to the Minister of defence and Aviation and Inspector General, Chairman of the Economic Offset Committee in the presence of a large number of government officials, diplomats and businessmen from the Kingdom and GCC countries. The name of the joint venture will be Saudi Polyolefins Company.
The new Petrochemical Complex for the production of Polypropylene (PP) from Propane is to be erected in Al-Jubail, Saudi Arabia, in the course of the next two-and-a-half years. Designed for an annual capacity of 450,000 tonnes, this new PP production plant will be operated by the newly formed joint venture, in which Basell Holdings Middle East GmbH (wholly owned by Basell Polyolefins) and the NPIC, a 51% subsidiary of the National Industrialisation Company (NIC), Riyadh, Saudi Arabia, hold 25% and 75% shares respectively.
National Petrochemical Industrialisation Company (NPIC) =Tasnee Petrochemicals
March 14th, 1997 U.S.-Arab Tradeline Teldene: National Polypropylene
Montell International and Xenel Industries Limited announced they have signed a joint venture agreement to establish a company to be known as Teldene, which will construct and operate a propane dehydrogeneration plant and polypropylene plant in the country.
The Teldene company's ownership will be split equally between Montell Arabia and NATPET, a group of Saudi Arabian investors including Xenel Industries Limited. The two plants will be located in the industrial city of Yanbu and the start-up date is planned for the year 2000. The polypropylene produced will be supplied to the local market in Saudi Arabia, to regional markets, as well as to Montell's world-wide marketing networks.
2003-8-12 Asia Chemical Weekly
Stalled Saudi NatPet PP project may be expanded to 420 kt/yr
The capacity of National Petrochemical Industrial Co's (NatPet) stalled polypropylene (PP) project in Yanbu, Saudi Arabia, is likely to be increased to around 420 000 tonne/year from 280 000 tonne/year, according to industry sources.
The increased capacity is in line with that of a planned propane dehydrogenation (PDH) unit at Yanbu which would feed the PP project.
Alujain said a new company - National Propylene Co (Alfasel) - would operate the PDH project which would be 16-20% owned by a foreign investor. It declined to say whether Lurgi would be the foreign partner.
August 13, 2003 Financial Times
Lurgi scoops Saudi contract/ for propylene.
Alujain, Saudi Arabia, is to build a 420,000 tonnes/y polymer grade propylene plant at Yanbu, with start up expected in 3Q 2006. Lurgi has been awarded the contract for the propane dehydrogenation (PDH) plant. It will be run by the National Propylene Co, in which Alujain will hold 25-30%, foreign investors 20% and the rest will be shared among Saudi and other Arab Gulf investors.
The Al-Zamil Group, is considering a PDH plant at Al Jubail to make 450,000 tonnes/y propylene and 250,000 tonnes/y of polypropylene (PP).
Saudi (Poly)Olefins is a joint venture between National Petrochemical Industrialisation and Basell. It is also constructing 450,000 PDH/PP plants at Al Jubail.
Alujain in 1997 signed partnership deals with Ecofuel - part of Italian group ENI - and Finland's Neste Oy to build the MTBE plant on the Red Sea port of Yanbu. Neste Oy merged with power group Imattran Voima in 1998 to form Fortum.
Alujain said its board had also approved the building of a 350,000 tonne per year propane dehydrogenation (PDH) project at the industrial city of Yanbu at a cost of $285 million to produce polymer grade propylene.
Alujain, a private Saudi firm, said state-owned Saudi Aramco would provide the feedstock for the project which is expected to come on stream in 2004.
2004-2-20 Asia Chemical Weekly
Saudi Alujain appoints financial advisor for new petrochemical project
The Saudi Alujain Corporation has appointed a financial advisor to evaluate the feasibility study for a new petrochemical project, reported Al-Watan. The name of the advisor was not released.
The feasibility study analyzes the potential of the Al-Fasel propylene project. With an estimated output capacity of 300,000 tons of propylene annually, the project will supply petrochemicals for the Teldene(*) polypropylene plant, which will be operated by Alujain's owned National Petrochemical Industrial Company (Natpet).
*Teldeneは当初の名前で現在は Saudi Polyolefins Company.
Established in 1991 as a closed joint stock company, Alujain went public in 1997. It retains close ties with the Xenel Group, the Jeddah-based company that created Alujain. It is one of the kingdom's leading business families, having traded throughout the Gulf Cooperation Council (GCC) countries in various industries. The company's activities include mining, metals and petrochemicals.
May 4, 2004 INFOPROD
Saudi Arabia/ Alujain Invests $1 Billion In Petrochemical Projects
According to Al-Bayan newspaper (May 3, 2004), the Saudi Alujain Company, Jeddah-based industrial investment company, announced that it will invest in three huge petrochemical projects in the Saudi Yanbu Industrial Estate by $1.052 billion costs. The Chairman of the Company, Mr. Sami Mohammed Eid, said that Alujain will contribute 40% of these projects capital along with foreign and local investors. These projects are Teldene, AlFasel (Polymer Grade Propylene Plant) and an Iso-Octane project. Alujain Corporation was established in 1991 as a closed joint stock company. Initial objectives included promoting the establishment of an aluminum smelter.
Alujain --Profile and Background
Alujain Corporation, the Jeddah-based industrial investment firm, was established in 1991 as a closed joint stock company. Initial objectives included promoting the establishment of an aluminum smelter.
The company went public in August 1997, but retains a close connection with the Xenel Group, the Jeddah company that developed Alujain. Alujain was working in early 1998 on the Tahseen venture(*), a $415 million methyl tertiary butyl ether (MTBE) unit that will have capacity of 900,000 tonnes a year.
Plans call for Alujain to take a 25-30 per cent stake in the new limited liability company.Alujain is also to take a 42 per cent stake in the National Petrochemical Industries Company (NatPet). Other planned "core projects", which include the Aluminum Smelter (Alusa) project, the Copper Smelter & Refinery (CUSA) project in Yanbu and the Jebel Sayed Mining project, have been delayed.
The company has also invested in medium and small-scale industrial projects, including a 25 per cent stake in Arab Pesticide Industries Company (Mobeed) and a 1.3 per cent stake in Arabian Industrial Fibers Company (Ibn Rushd).
The scale of its investment activities is reflected in its balance sheet which showed investments were worth SR 121 million ($32 million) at the end of 1998.The company reported a loss of SR 41.4 million ($11 million) reflecting the cost of investing in projects.
No dividend is expected until its projects start operating.
*The MTBE plant was scrapped as a result of a proposed ban on the use of MTBE in California. Most of the output would have been exported to the U.S. (Chemical Week, Sept 13, 2000)
Chemical Week Apr 03, 2002
Saudi Private-Sector Firm Plans $1-Billion Petchems Complex at Al Jubail
CW has learned that the private-sector Al Zamil Group (Al Khobar, Saudi Arabia) plans to invest more than $1 billion to build a propane-based petrochemical complex at Al Jubail.
The first phase will include a propane dehydrogenation unit, that will supply propylene for a 450,000-m.t./year polypropylene plant. Al Zamil is evaluating ABB Lummus Global; Haliburton KBR; Linde; and Stone & Webster dehydro technologies. Al Zamil plans to add another dehydro unit in a second phase, that will raise propylene capacity by 260,000 m.t./year to feed an acrylonitrile unit with a capacity of 250,000 m.t.-300,000 m.t./year. That unit will feed a 60,000 m.t.-100,000 m.t./year acrylic fibers plant. Al Zamil is separately considering world scale ammonia and carbon black plants at the site.
2002/3/7 Chevron Phillips
Saudi Chevron Phillips Company Expands Cyclohexane Capacity
Chevron Phillips Chemical Company LLC (CPChem) announced today that Saudi Chevron Phillips Company (SCP) is expanding its cyclohexane capacity in Al Jubail, Saudi Arabia by 20 million gallons (60,000 MT) to 95 million gallons (280,000 MT) to supply its existing customer base. SCP is owned jointly by CPChem and Saudi Industrial Investment Group.
European Chemical News. 15-22 April 2002
SAUDI ARABIA PETROCHEMICALS release
Jv plans E1bn boost for Al Jubail site
ChevronPhillips Chemical (CPChem) and Saudi Industrial Investment Group are planning a $1bn expansion of their petrochemicals activities at Al Jubail, Saudi Arabia. Startup for the facilities is set for 2006.
The partners will add capacity for benzene, ethylbenzene, styrene and propylene at the site, with production based on the same paraffinic C6-C7 feedstock used in the existing units. These produce 485 000 tonne/year of benzene, using CPChem's Aromax technology, 220 000 tonne/year of cyclohexane and motor gasoline. The plants started up in 2000.
2002/4/10 Chevron Phillips
Chevron Phillips Chemical Company LLC, Saudi Industrial Investment Group Plan Major Investment at Al Jubail
Chevron Phillips Chemical Company LLC (CPChem) and the Saudi Industrial Investment Group (SIIG) are planning a major new investment at their existing aromatics complex in Al Jubail, Kingdom of Saudi Arabia. Start-up is expected in 2006, with total capital investment of approximately 1 billion USD.
サウジ石化プラント 日揮が受注 ７００−８００億円
2003/2/17 Financial Times
Lummus lands CPChem's Saudi styrene contract.
ABB Lummus Global has won a technology licence and basic engineering contract from Chevron Phillips Chemical and its joint venture partner Saudi Investment Group for a previously announced styrene project at Al Jubail. Capacity will be 750,000 tonnes/y styrene and completion is due in 2007. The plant will form part of a $1 bn complex that will also make ethylene and propylene.
Chemical Week Apr 24, 2002
Eight private-sector Saudi investors have formed a new company, Gulf Farabi Petrochemicals (Riyadh), to build a previously announced $250-million complex at Al Jubail producing 120,000 m.t./year of n-paraffins and 70,000 m.t./year of linear alkyl benzene (LAB).
Sep 08, 2010 Foster Wheeler
Foster Wheeler Awarded PMC Contract for Linear Alkyl Benzene Plant Expansion by Gulf Farabi in Saudi Arabia
Foster Wheeler AG announced today that its Global Engineering and Construction Group has been awarded a contract by Gulf Farabi Petrochemical Company for the provision of project management consultancy (PMC) services for Gulf Farabi's Linear Alkyl Benzene (LAB) plant expansion at Al-Jubail, Saudi Arabia.
The Foster Wheeler contract value for this project was not disclosed and was included in the company's first-quarter 2010 results.
The new plant will have a production capacity of 100,000 tonnes per annum of LAB which is a basic ingredient in the formulation of synthetic detergents.
The first phase of the project covers the preparation and issue of an invitation to bid (ITB) for the engineering, procurement and construction management (EPCm), EPCm bid evaluations, preparation of the EPCm contract and support to Gulf Farabi during the engineering and procurement phase of the project. For the second phase, Foster Wheeler will provide support to Gulf Farabi during the construction phase, with key personnel based at site in 2010 through to 2011 when the project is scheduled for completion.
"Following on from our successful PMC role during the EPC phase of Gulf Farabi's US$350 million grass roots n-paraffin and LAB project which came on-stream in 2006, we are very pleased to receive this latest contract which constitutes a strong vote of confidence in our project management skills," said Umberto della Sala, president and chief operating officer, Foster Wheeler AG.
JUBAIL UNITED PETROCHEMICAL COMPANY COMPLETES US$ 1.154 BILLION LOAN FACILITY
UNITED is the 17th and latest SABIC affiliate in Saudi Arabia and is due to start production in the second half of 2004. It will have annual production capacities of 1 million tons of ethylene; 575,000 tons of ethylene glycol and 150,000 tons of linear alpha olefins. The company also has a 50 percent stake in an 800,000 mt/y polyethylene plant being built at the neighboring SABIC affiliate in Jubail, PETROKEMYA (Arabian Petrochemical Company).
Acquisition of Scientific Design
Sud-Chemie and SABIC to become new owners of Linde subsidiary
Saudi Basic Industries Corporation (SABIC) and Sud-Chemie AG today announced a joint agreement on the acquisition of Scientific Design Company Inc. from Linde AG. Under this changed ownership, Scientific Design will remain an independent entity and continue to license its processes, provide engineering services and sell catalysts to its clients worldwide. SABIC and Sud-Chemie will manage Scientific Design Company Inc. through a fifty-fifty joint venture.
Scientific Design http://www.scidesign.com/
Scientific Design Company, Inc. (SD) is one of the world's leading licensors of process technology. SD offers processes for the production of:
・ Ethylene oxide and ethylene glycols
・ Maleic anhydride
・ Glycol ethers
・ Polyether polyols
・ Fumaric acid
・ Aniline from phenol
2003/4/1 Owens Corning
SABIC to Acquire Owens Corning's Share in StaMax BV: Owens Corning to Continue to be Sole Supplier of Proprietary Glass Fibre
SABIC EuroPetrochemicals announced today that it will acquire Owens Corning's 50 percent share in StaMax BV, a joint venture formed in 1999. This gives SABIC full ownership of this company that produces StaMax® P long glass fibre polypropylene composite material. Under the new arrangement, Owens Corning will be the sole supplier of PerforMax® glass fibre. StaMax BV will use Owens Corning's unique patented process and this proprietary glass fibre to produce and sell material in the European market.
ExxonMobil Wins $416.8M
Saudi Arabian firm, Sabic, is found liable
Steve Seidenberg The National Law Journal
ExxonMobil Corp. received the good news after four hours of jury deliberations.
A jury found for the oil giant on every count in its breach-of-contract suit and awarded ExxonMobil $416.8 million in damages. It's the largest verdict in the United States so far this year.
SABIC TO APPEAL JURY VERDICT IN DELAWARE SUPERIOR COURT
SABIC and ExxonMobil reach a full settlement of their disputes
The Saudi Basic Industries Corporation (SABIC) announces that it has reached a full and final settlement of its disputes with ExxonMobil arising from technology and patent that can be used in the production of polyethylene. Pursuant to the settlement, SABIC and its worldwide affiliates will have the right to use the technology royalties -free and will equally share in any third-party royalties from the past or future licensing of the technology by ExxonMobil.
All disputes and litigations between SABIC and its partner ExxonMobil have thus been fully and finally settled.
The partners value their long-term business relationship and will continue to focus on their successful ventures in the Kingdom and to explore opportunities to expand on that success.
2003-7-18 Asia Chemical Weekly
Samsung Engineering wins Saudi plant deal
The statement from Saudi Basic Industries Corp (SABIC), which owns PETROKEMYA, said the plant would be built at the Saudi industrial city of Jubail with a production capacity of 130,000 tonnes per year.
It is scheduled to come on stream in the first quarter of 2005. PETROKEMYA currently has two butene-1 plants producing 100,000 tonnes annually.
SABIC Euro revives plan for 550 kt/yr Dutch cracker at Geleen
The plan was originally put under consideration by DSM before it was bought by SABIC.
SABIC plans to build second ethylene glycol plant at Jubail United
SABIC aims to become the world's leading supplier of EG by 2006
Saudi Basic Industries Corporation (SABIC) today announced plans to construct a new Ethylene Glycol (EG) plant at Jubail United Petrochemical Company (UNITED). This, SABIC's seventh EG plant, will have an annual capacity of 625,000 mt.
The plant is expected to go on stream by the end of 2005, and will be the second EG plant at UNITED, adding to the existing 575,000 mt/y EG plant that is currently under construction.
SABIC to produce PP block copolymer-grades in 2004
Saudi Arabia's SABIC plans to produce polypropylene block-copolymer grades in 2004 in Saudi Arabia, while reducing its homo polypropylene grades production, a source close to the company said Tuesday.
Other polyolefin projects at Saudi Arabia's Al-Jubail hub, due to come online H2 2004, include a new 800,000 mt/yr polyethylene plant; a 575,000 mt/yr ethylene glycol plant; and a 150,000 mt/yr linear alpha olefin plant.
SABIC 2003/12/22 SABIC Board endorses
PRODUCTION CAPACITY INCREASES AT SABIC
SABIC announces 3.15 million mt/y plant increases in Yanbu
Saudi Basic Industries Corporation (SABIC), has announced the construction of a new plant complex to be located at the Yanbu industrial site, on the Red Sea coast of Saudi Arabia.
The new cracker, which is expected to come on-stream in 2007, will have an annual production capacity of 1.3 million mt. In addition, other new plants will be constructed with capacities of 800,000 mt/y of Polyethylene; 700,000 mt/y of Ethylene Glycol; and 350,000 mt/y of Polypropylene.
2005/5 SABIC awards contract to Technip for Yansab ethylene and propylene plant
2004/6/16 AME Info Aramco/Sumitomo JV も
SABIC awards contract for new Yanbu petrochemical complex to Foster Wheeler Energy Ltd.
Saudi Basic Industries Corporation (SABIC) has awarded a program management service contract for the engineering, procurement and construction of its new petrochemical complex in Yanbu Industrial City to Foster Wheeler Energy Ltd.
Details of the new complex were unveiled in December 2003. It will have an annual production capacity of 3.8 million mt/y of Ethylene, Ethylene Glycol, Polyethylene, and Polypropylene products.
東洋エンジニアリング株式会社（ＴＥＣ、取締役社長 広瀬 俊彦）は、三井物産株式会社の協力を得て、サウジアラビア基礎産業公社（SABIC）が、サウジアラビア東海岸のアルジュベール工業地区にある、ジュベイル・ユナイテッド石油化学会社（Jubail United Petrochemical Company（UNITED）の工業団地に計画を進めている、同社として２基目の、世界最大規模の年産63万トン（EG換算）エチレンオキサイド（EO）・エチレングリコール(EG)製造設備をこのたび受注いたしました。
■客先：サウジアラビア基礎産業公社（SABIC：Saudi Basic Industries Corporation）
Chemical Week Mar 31, 2004
Sabic Eyes Mexico Project
Sabic is exploring the possibility of setting up a petrochemical production base in Mexico to serve the North American market, says Sabic CEO Mohamed Al-Mady. The company is in discussions with Petroleos Mexicanos (Pemex; Mexico City) as a potential joint venture partner in the Phoenix project, Al-Mady says.
Chemical Week, June 4, 2003
Pemex launches road show for $2.6-billion project. (New Construction Projects).
Pemex Petroquimica (Mexico City) has begun a road show to attract potential investors in the company's $2.6-billion Phoenix Project, which consists of complexes producing olefins and derivatives, and aromatics in Mexico.
The olefins complex will cost about $1.8 billion. It will have annual capacities for 1 million m.t. of ethylene; 125,000 m.t. of butadiene; 450,000 m.t. each of high-/linear low-density polyethylene (HDPE/LLDPE) and low-density PE (LDPE); 400,000 m.t. of polypropylene; and 500,000 m.t. of styrene. The location will depend on feedstock, Beverido says. It could be built at Coatzacoalcos or Altamira if it is based on naphtha, but it will definitely be built at Coatzacoalcos if it is based on ethane, he says. The aromatics complex will cost about $800 million, and its capacities will include 600,000 m.t.-700,000 m.t./year of para-xylene and 200,000 m.t./year of benzene.
May 13, 2004 Dow Jones
Germany's Linde Gets Petrochem Plant Deal In Saudi Arabia
Saudi petrochemical giant, Saudi Basic Industries Corp., or Sabic, (SBI.SA) said Wednesday that it has awarded a lump sum turnkey contract to Linde AG (LIN.XE) of Germany for the engineering, procurement and construction of a new linear alpha olefins plant.
The facility is expected to be completed by the third quarter of 2006. The plant capacity will be 150,000 metric tons of linear alpha olefins per year, it said.
2004/6/15 AME Info
endorses expansion investments of 24 billion Saudi Riyals
At a meeting of
the SABIC Board of Directors in the Netherlands, the Chairman,
Prince Saud Ibn Abdullah Ibn Thunayan Al-Saud, endorsed expansion
investments of SR 24 billion (USD 6.4 billion).
|・||Confirmation of plans to construct new petrochemical plants in Yanbu for 3.8 million mt/y of ethylene, ethylene glycol, polyethylene and polypropylene products to come on stream in 2007.|
|・||Expansions at the Eastern Petrochemical Company (SHARQ) adding 2.7 million mt/y of ethylene, polyethylene and ethylene glycol by 2008. SHARQ is a 50:50 joint venture between SABIC and SPDC, a Japanese consortium headed by Mitsubishi.|
|・||An additional 1 million mt/y of flat steel products at the Saudi Iron and Steel Company (HADEED) with production scheduled for 2006.|
|・||An additional 1.7 million mt/y of methanol at the Saudi Methanol Company (AR-RAZI) scheduled for production in the latter half of 2007. This will make AR-RAZI, a 50:50 joint venture with Mitsubishi, the largest single methanol-producing complex in the world.|
Chairman and CEO, Mohamed Al-Mady, said: 'These projects
demonstrate SABIC's plans for investment and its continuing
strategy to become a leader in the global petrochemicals
The Chairman and Board also visited SABIC plants in the Netherlands and Germany and met with senior Dutch officials including the Minister for Foreign Trade and the Queen's Governor of Limburg.
Jubail United MEG
plant to start commercial sales in November
Jubail United of Saudi Arabia, a 100% subsidiary of SABIC, has scheduled to start commercial operations at its first monoethylene glycol plant in Al-Jubail by November, a source close to the company said Thursday.
commission 600 kt/yr new MEG plant in Al-Jubail in Oct
Saudi Arabia's SABIC plans to commission its 600,000 mt/yr new monoethylene glycol plant in Al-Jubail in October 2004, a company source said Friday.Commercial operations were expected to start by November, the source added.
April 19, 2004 - Acetex Corporation Saudi Sipchem, Helm Arabia sign AA-VAM projects JV, offtake deal
Acetex announces $1 Billion
Acetex Corporation announced today that it has finalized
definitive joint venture agreements with National Petrochemical
Industrialization Company (TASNEE Petrochemicals) regarding the construction of world class
vinyl acetate monomer (VAM) and methanol projects to be established in Jubail, Saudi
Arabia. Once completed, the project will extend Acetex's global
acetyls position as well as establish Acetex as the lowest cost
supplier of acetyls into the Far East market. The projects will
benefit from the favourable natural gas supply as well as from
Acetex's proprietary integration technology for the co production
of acetic acid and methanol. It is anticipated that this
technology will reduce investment by more than US $100 million as
well as reducing operating costs.
The projects will be located at the petrochemical complex site of TASNEE Petrochemicals (an affiliate of National Industrialization Company) in Jubail Industrial City, Saudi Arabia, with an annual production capacity of approximately 500,000 tonnes of acetic acid, 275,000 tonnes of VAM and 1.8 million tonnes of methanol. Acetex, in cooperation with TASNEE Petrochemicals, will be responsible for the marketing of the acetyls products and will integrate this new business with the existing acetyls business into one global marketing organization.
It is expected that production will begin in 2007. The investment in these projects is estimated at US $1 billion. The projects will create approximately 800 opportunities for permanent direct and indirect employment and several thousand man-years of employment during construction. Saudi Aramco has allocated the required amount of natural gas for this industrial complex. Acetex will own 50% of the acetyls (acetic acid and VAM) company and 25% of the methanol company.
Acetic acid and Methanol
Tasnee Petrochemicals was established by and is majority owned by National Industrialization Company (NIC) with the participation of a number of strategic partners including Gulf Investment Corporation (GIC), which is owned by the GCC countries with headquarters in Kuwait, Saudi Pharmaceutical & Medical Appliances Co. (SPIMACO), National Industries Group (NIG), Kuwait, and Al-Olayan Financing Co., Riyadh, Saudi Arabia. TASNEE Petrochemicals had established its first plant in Jubail for the production of about 500,000 tonnes of propylene and polypropylene annually which is currently under start up.
Saudi Press Agency
Saudi, German Companies sign accord to produce petrochemicals
Saudi International Petrochemical Company (Sipchem) signed a joint venture agreement with German Company, 'Helm Arabia Gmbh & Co.' The deal hopes to set up projects in Jubail that would produce annually 460,000 tons of Acetic Acid and 300,000 tons of Vinyl Acetate Monomer (VAM).
Sipchem's Chairman Abdulaziz A. Al-Zamil inked the agreement on behalf of his organization, while the chairman of Helm Arabia GmbH & Co., Dieter Schnabel signed the SR2.7 billion accord representing his company and French company, Thales.
Helm Arabia also signed marketing and off
for the long term off take of both Acetic Acid and VAM for sale
and distribution outside the Middle East. Sipchem will market the
products within the Middle East, according to a press statement
"By signing these agreements, Sipchem has taken a significant step toward its plan to establish a world-scale acetyl complex in the Kingdom," Al-Zamil said, adding that the project is expected to start in 2008.
* Helm Arabia, owned by Helm AG, Hamburg http://www.helmag.com/content_internet/en/home.html
and French electronics and systems group Thales
既報ではCelaneseに吸収されたAcetexとSaudi International Petrochemical Company（Sipcheｍ）がJVを設立することとなっていた。
Celanese Brings Suit Against Saudi Arabian Acetyls Company
SABIC awards contract to Technip for Yansab ethylene and propylene plant
Basic Industries Corporation (SABIC) signed a Letter of Intent
(LOI) with the Italian company Technip for the engineering,
procurement and construction of an ethylene and propylene plant
at the YANSAB Complex in Yanbu
Industrial City, on the Red Sea coast of
The plant will have a nameplate ethylene production capacity of 1.3 million metric tons per year (mt/y) and 400 thousand mt/y of propylene. The new large-scale plant will form the core of future manufacturing units within the YANSAB project.
HRH GOVERNOR OF MEDINAH DISTRICT WILL LAUNCH BREAKTHROUGH ACETIC ACID TECHNOLOGY AT IBN RUSHD COMPLEX IN YANBU
Highness Prince Mogran Ibn Abdulaziz Al Saud, Governor, Medinah
District will lead the ceremony held by SABIC for the launch of
their new Research & Technology developed acetic acid
technology which will be produced at SABIC's
affiliated Company; IBN RUSHD affiliate in
HH Prince Saud Ibn Abdullah Ibn Thunayan Al-Saud, Chairman, Royal Commission for Jubail and Yanbu and Chairman, Saudi Basic Industries Corporation (SABIC) will welcome HRH Governor, Medinah District and praises his continuous support to SABIC and its industries at Yanbu Industrial City to achieve its national objectives. He points out that this support is typical of the kind of attention SABIC and the production sector receives from the Saudi government.
HE Mohamed Al-Mady, SABIC Vice Chairman & CEO reaffirmed that SABIC and its affiliates are honored by this Royal patronage.
SABIC signs Letter of Intent (LOI) with the US Flour Company
Basic Industries Corporation (SABIC) today signed a Letter of
Intent with the US Flour Company to construct
utilities and site facilities at the SABIC
affiliate, Yanbu National Petrochemicals Company (YANSAB) in
'YANSAB will apply the latest state-of-the-art and cutting-edge technologies in its production operations including Scientific Design Ethylene Glycol technology, 50% owned by SABIC and 50% by German Sud Chemi. It will also use Butene-1 technology developed by SABIC in cooperation with the French Petrol Institute. In addition, the complex will apply for first time a new technology for the manufacture of HDPE and other technologies for conversion of pure aromatic compounds into Benzene.
YANSAB will be one of the world's largest plants. It will produce 1.3 million MTY of Ethylene; 400,000 MTY of Propylene; 900,000 MTY of High Density Polyethylene (HDPE) and Low Density Polyethylene (LLDPE); 400,000 MTY of Polypropylene (PP); 700,000 MTY of Mono Ethylene Glycol (MEG); 250,000 MTY of Benzene, xylene and toluene compound. The complex will manufacture a wide range of basic chemical, intermediate and polymer products.
サウジの石化プラント 東洋エンジが受注 450億円
2005 年12 月9 日 SABIC
サウジ基礎産業公社(SABIC: Saudi Basic Industries Corporation)は12 月6 日、テクニップ･イタリア社との間で、サウジアラビアの紅海沿岸にあるヤンブー工業都市のヤンサブ石油化学センターにエチレンとプロピレンの製造工場の建設を委託する契約を締結しました。さらに、その前日の12 月5 日には、東洋エンジニアリング（TEC）との間で、同じくヤンサブにエチレン･グリコール工場の建設を委託する契約を締結いたしました。
「ヤンサブはサウジアラビア国内のSABIC の子会社としては一番新しく、各種の石油化学製品を年間400 万トン以上製造する能力を備えることになり、SABIC で最大の石油化学工場となります。内訳はエチレン130 万トン、プロピレン40 万トン、ポリエチレン90 万トン、ポリプロピレン40 万トン、エチレン･グリコール70 万トン、ベンゼン・キシレン･トルエン25 万トン、ブテン-１およびブテン-2 が10 万トンとなります」
「フェーズ1 とフェーズ2 におけるヤンサブの従業員数は1,500 人の予定で、サウジにとって有望な雇用機会の創出となります。ヤンサブでは、芳香族蒸留分からベンゼンを生産し、また、ポリエチレンを生産する新規プロセスなど、SABIC が特許を保有する技術も含め、最新の技術を工場に投入いたします」。ヤンサブの資本金の55%をSABIC が、また、SABIC の子会社のIBN RUSH とTAYF が計10%を、残りの35%は公募する予定です。
signs Letter of Intent to construct olefins, ethylene glycol and
SABIC affiliate, Eastern Petrochemical Company (SHARQ), has signed letters of intent to award contracts to:
|1.||Stone & Webster Ltd., UK, to construct an Olefins Plant with a production capacity of 1,300,000 MT per annum of Ethylene;|
|2.||Samsung Engineering Company Ltd., South Korea, to construct its Ethylene Glycol Plant with a production capacity of 700,000 MT per annum (increasing overall Ethylene Glycol production capacity to more than 2,000,000 MT per annum).|
|3.||Linde, Germany, to construct its Linear Low and High Density Polyethylene plants with a production capacity of 800,000 MT per annum, which will increase polyolefins production at SHARQ to reach more than 1,600,000 MT per annum.|
SABIC signs Letter of
Intent (LOI) with Aker Kvaerner and SINOPEC Joint Venture for the
Engineering, Procurement and Construction of polymers plant at
Saudi Basic Industries Corporation (SABIC) signed, on Wednesday July 20, 2005 a Letter of Intent with Aker Kvaerner and China Petrochemical Corporation (SINOPEC) Joint Venture for the engineering, procurement and construction of its world-scale Polyolefins complex, in Yanbu, Saudi Arabia. The annual capacity for the two units is 800,000 MT. (400,000MT each of LLDPE and PP)
In addition to the PP and LLDPE production capacity, YANSAB is planned to produce 1.3 million tpa of Ethylene; 400,000 tpa of Propylene; 500,000 tpa of High Density Polyethylene (HDPE); 700,000 tpa of Mono Ethylene Glycol (MEG); and 250,000 tpa of Benzene, Xylene and toluene compound.
2005/7/25 Aker Kvaerner ASA (アーカー・クバナー社:本社ノルウェー)
Joint success as Aker
Kvaerner teams with SINOPEC for world scale project
As announced previously
today, Aker Kvaerner has agreed a strategic joint venture with
China Petrochemical Corporation (SINOPEC Group) to execute a
world scale polyolefins project for Saudi Basic Industries
Corporation (SABIC). In Yanbu, Saudi Arabia, the joint venture
has been awarded a letter of intent by YANBU National
Petrochemical Company (YANSAB) - an affiliate of SABIC - for the
engineering, procurement and construction of its world-scale
Aker Kvaerner will be the joint venture leader on this project for YANSAB, and expects its involvement to be in the region of USD400 million. The total contract value to the joint venture is not disclosed. The joint venture will provide the engineering, procurement and construction for a Linear Low Density Polyethylene (LLDPE) plant and a Polypropylene (PP) plant, together with the associated product handling facilities. The new plants, part of a major new ethylene complex, will each have a nameplate capacity of 400,000 tonnes per annum. The PP plant will use Dow's UNIPOL(TM) polypropylene technology, whilst the polyethylene plant will utilise SABIC's LLDPE technology.
SABIC selects Aker Kvaerner to double Ibn Zahr PP III plant
Ibn Zahr, Saudi European Petrochemical Co (an affiliate of Saudi Basic Industries Co - SABIC) has signed a letter of intent with Aker Kvaerner for the provision of program management services and basic engineering services, for its Ibn Zahr Polypropylene III project, located at its existing site in Al-Jubail, Kingdom of Saudi Arabia, Aker said in a statement Monday. A new PP line will be built with a capacity of 500,000 mt/yr, nearly doubling its current capacity, the company said. The additional capacity is expected to come on stream in the second quarter of 2008.
Ibn Zahr awards contract for 500,000 TPA polypropylene project
Saudi European Petrochemical Company (IBN ZAHR), a subsidiary of the Saudi Basic Industries Corporation (SABIC) has awarded Samsung Engineering Company Ltd., South Korea, a contract for the construction of 500,000 tons per annum Polypropylene Plant.
The plant will be erected at the IBN ZAHR complex in Al-Jubail, Saudi Arabia. The plant is planned to be completed by 3RD quarter 2008. This is the third Polypropylene plant being built at IBN ZAHR.
The Letter of Intent signifying the contract award was signed at SABIC Engineering & Project Management office on behalf of IBN ZAHR by Mr. Omar Abdullah Al-Amoudi, IBN ZAHR President; and on behalf of the Samsung group by Mr. H.P. Kong, Vice President for Marketing & Business Development (Samsung Engineering Company), and Mr. J. S. Jeong, Managing Director (Samsung Saudi Arabia), in the presence of Mr. Mansour Al-Kharboush, SABIC Shared Services Vice President.
November 06, 2008 Dow Technology Licensing
Dow and SABIC Announce Start Up of World's Largest UNIPOL PP Train
Dow Technology Licensing, a business unit of The Dow Chemical Company and its consolidated affiliates (Dow), and Saudi European Petrochemical Co. (IBN ZAHR), a Saudi Basic Industries Corporation (SABIC) Joint Venture, announced the start-up of the world's single largest polypropylene (PP) train. The facility is located in Al Jubail Industrial City on the Persian Gulf Coast and uses UNIPOLTM Polypropylene Process Technology to manufacture homopolymers and random copolymers. Nameplate capacity is 500 thousand metric tons of PP resins per year.
The start-up is the third facility at the IBN ZAHR-SABIC JV in Al Jubail to employ the UNIPOL PP Process. With this facility and another being built in Yanbu, Saudi Arabia, SABIC will have nearly 1.8 million metric tons of annual capacity using UNIPOL™ PP Process Technology.
2005/10/3 AME Info
SABIC affiliate SHARQ signs three contracts for the implementation of mega expansion project at its complex in Jubail Industrial City
Eastern Petrochemical Company (SHARQ), has recently entered into
three contracts with Stone & Webster Limited, Foster Wheeler
Energy Limited - United Kingdom and LINDE-KCA-Dresden GMBH -
Germany, for the implementation of a mega expansion project at
its complex in the Jubail Industrial city.
Stone & Webster Limited will carry out the engineering, supply and construction of Ethylene Plant with a designed annual capacity of 1.3 million MT. The project completion date is scheduled for 2Q2008. Foster Wheeler Energy Limited will construct the utilities & offsite (U&O) facilities for SHARQ 3rd Expansion Project, while LINDE-KCA-DRESDEN GMBH will engineer, supply and construct the Linear Low Density (LLDPE) and high density (HDPE) polyethylene plants, with total annual capacity of 800,000 MT which is expected to go on-stream by Q2 2008.
SABIC signs a letter of intent (LOI) with Stone & Webster for the engineering, procurement and construction of high density polyethylene (HDPE) plant at Yansab affiliate
Saudi Basic Industries
Corporation (SABIC) signed on February 8, 2006, a Letter of
Intent (LOI) with the US Shaw Stone & Webster for the
engineering, procurement and construction of a High Density
Polyethylene (HDPE) plant at the YANSAB affiliate, Yanbu, Saudi
Eng. Abdulrahman Al-Fageeh, President YANSAB, signed the LOI for YANSAB. Mr. Ebrahim Fatemizadeh, President ? Energy & Chemicals signed the LOI on behalf of the Shaw Stone & Webster in the presence of Mr. Mohamed Al-Mady, SABIC Vice Chairman & CEO.
Mr. Al-Mady said, “I expect that YANSAB will go on-stream by 2008 with an annual capacity of 1.3 million metric tons per annum (mtpa) of Ethylene; 400,000 mtpa of Propylene; 770,000 mtpa of Ethylene Glycol; 500,000 mtpa of Linear Low Density Polyethylene (LLDPE); 400,000 mtpa of High Density Polyethylene (HDPE); 400,000 mtpa of Polypropylene; 100,000 mtpa of butene-1 and butane-2; 250,000 mtpa of Benzene, xylene and toluene compound. I believe that this large annual capacity will further enhance SABIC's position among the world's largest petrochemical companies and strengthen its competitive capabilities in the global markets.
“YANSAB is a model of integration among SABIC industries and symbol of mutual cooperation between the government and private sectors.”
Establishement of Saudi Kayan Petrochemical Company
Mohamed Al-Mady, Vice
Chairman and CEO of Saudi Basic Industries Corporation (SABIC),
announced today that SABIC is a strategic partner in the
formation of the Saudi Kayan Petrochemical Company. This follows the signing of
partnership agreements with Kayan for the establishment of the
public stock company. The new company's capital amounts to 12
billion Saudi Riyals.
The new company will be located in Al-Jubail Industrial City with an annual production capacity exceeding 4 million metric tons of petrochemical and chemical products. 45 percent of the capital will be offered for public subscription at a nominal value of 10 Saudi Riyals per share. SABIC will hold a further 35 percent of the company's capital and Kayan will hold the remaining 20 percent.
Mr. Al-Mady expects the new company will go live in 2009 and it will add some specialized chemicals to the Saudi marketplace that will be produced in Saudi Arabia for the first time. These products include aminoethanols, aminomethyls, dimethylformamide, choline chloride, dimethylethanol, dimethylethanolamine, ethoxylates, phenol, cumene and polycarbonate. This is in addition to ethylene, propylene, polypropylene, ethylene glycol, butene-1 and other products which will provide wide opportunities for downstream industries.
Mr. Al-Mady added that the new company will apply the latest state of the art world-class technologies that will enhance its competitive capabilities.
The new company plans to establish an applications center which will focus on development of industrial products and applications, especially polycarbonate research and other new added value downstream industries in Saudi Arabia.
It is worth mentioning that in January 2006, SABIC and Kayan signed an initial memorandum of understanding (MoU) for SABIC to enter as a partner in the new company. The MoU provided for the review, all work studies and agreements and to update feasibility studies within a two-month period, prior to the signing of a final agreement.
SABIC and Kayan sign an initial Memorandum of Understanding (MOU) naming SABIC partner in Kayan Petrochemical project
Saudi Basic Industries Corporation (SABIC) and Kayan Petrochemicals Company have signed an initial Memorandum of Understanding appointing SABIC as a partner in Kayan Petrochemicals Company project. According to the MOU, SABIC is required to review all works, studies, agreements and update the respective feasibility study in no later than two months. The two parties will enter into a final agreement should they agree upon the results.
New Petrochemical Company Planned in Riyadh
Saudi Arabia's Ministry of Commerce said yesterday that it had issued a license to establish a SR3.2 billion ($853 million) petrochemical company.
The Kayan Petrochemical Company will be based in Riyadh and will invest in projects producing chemicals such as ethylene, propylene and ethylene glycol.
In October 2005, Al-Kayan Petrochemical Co., a joint stock company was incorporated in the Kingdom of Saudi Arabia, with an equity of SAR 3,200 million (US$853 million).
Kayan is developing a world scale petrochemical complex in Al Jubail, Kingdom of Saudi Arabia, which will produce 1.35 mtpa of ethylene and 2.6 mtpa of finished products (including polyethylene, polypropylene, ethylene glycol, polycarbonates and amines), from feedstock of ethane and mixed butanes allocated by Saudi Aramco for the project in late 2003.
It will be the largest single private sector petrochemical project in the Kingdom and the first plant in the Middle East producing polycarbonates, a fast growing market.
Currently, the private players involved in the Saudi petrochemical industry include:
Tasnee, (National Petrochemical Industrialisation Co.)
Sipchem: (Saudi International Petrochemical Company Al-Zamil Groupが 11%所有)
Sahara Petrochemical Co., (Al-Zamil Group )
Lujian Industrial Co.,
Kayan Petrochemical Co.,
National Polypropylene Co., (Sahara/Basell)
Saudi Formaldehyde Co. (Al-Zamil Group )
Kayan steps up funding initiative for Al Jubail project
Al Kayan Petrochemical Co has begun the second phase of financing for its proposed petrochemical complex in Al Jubail, Saudi Arabia.
The company has retained the services of Arab Banking Corp, BNP Paribas and Samba Financial Group to assist in financing, having signed a memorandum of understanding in January with petrochemical giant Saudi Basic Industries (Sabic) regarding a possible partnership agreement for the Al Jubail project.
Al Jubail will have capacity of 1.35 million tpy of ethylene and 2.4 million tpy of finished products, including polyethylene and polypropylene. The total cost of the complex has not been disclosed.
The complex is set to come on stream in 2009, with engineering and construction contracts to be announced shortly.
SABIC Affiliate Saudi Kayan Company signs a letter of intent with FLUOR Company for the construction of off-site utilities project at its complex in Jubail Industrial City
The Saudi Kayan Petrochemical Company (under construction) today signed a Letter of Intent (LOI) with Flour Company to construct off-site utilities for KAYAN's complex in Jubail industrial city in the Kingdom of Saudi Arabia.
The LOI was signed by and between Mr. Abdullah S. Al-Rabeeah, President of Saudi KAYAN and Mr. Collins Mackenzie, Flour's Vice President, Middle East Operations.
Saudi Kayan plans to operate a mega petrochemical complex with an annual capacity exceeding 4 million metric tons of chemical products. It will add some specialized chemicals to the Saudi marketplace that will be produced in Saudi Arabia for the first time.
SABIC holds 35 percent of the company's capital of SR 12 billion and Saudi Kayan holds the remaining 20 percent. 45% will be offered for public subscription.
Saudi Kayan signs a letter of intent with Kellogg Brown & Root (KBR) for the construction of Olefins Plant
Saudi Kayan has awarded Kellogg Brown & Root (KBR) a contract for engineering, procurement and construction of a 1,350,000 tons per annum Olefins Plant.
KBR will provide its Selective Cracking Optimum Recovery (SCORE™) technology for the 1.35m tpa ethylene unit. KBR said the new facility will be the fourth grassroots cracker to use KBR's SCORE™ technology.
SAUDI KAYAN signs contracts for new PP and LDPE plants
Saudi Basic Industries Corporation (SABIC) affiliate, the Saudi Kayan Petrochemical Company (SAUDI KAYAN) signed Letters of Award with two companies on January 24, 2007 for the construction of new Polypropylene (PP) and Low Density Polyethylene (LDPE) plants at its complex in Al-Jubail Industrial City.
One contract was signed with Samsung Engineering for the construction of a 350 KTA PP plant and the other with Simon Carves Limited for a 300 KTA LDPE plant.
SAUDI KAYAN is currently under construction. SABIC holds 35 percent of the company's capital of SR 15 billion and Kayan Petrochemical Company holds 20 percent. The remaining 45 percent will be offered for public subscription.
The company's complex at Al-Jubail Industrial City is expected to go live in 2009 with an annual capacity exceeding 4 million tons of chemical products. It will add some specialized chemicals to the Saudi marketplace that will be produced in Saudi Arabia for the first time. These products include aminoethanols, aminomethyls, dimethylformamide, choline chloride, dimethylethanol, dimethylethanolamine, ethoxylates, phenol, cumene and polycarbonate. This is in addition to ethylene, propylene, polypropylene, ethylene glycol, polyethylene and other products which will provide wide opportunities for downstream industries.
SAUDI KAYAN awards two contracts for the construction of phenolics and polycarbonates projects at Jubail Industrial City
SABIC affiliate, SAUDI KAYAN, has signed two letters of award with the first contract being awarded to TECNICAS REUNIDAS GROUP to construct a Phenolics Plant, to produce 240 kta of Bis-Phenol A.
The second contract was awarded to DAELIM Industrial Co, Ltd. to construct a Polycarbonate (PC) plant to produce 260 kta of PC.
The letters of award were signed by Mr. Abdullah S. Al-Rabeeah, President of SAUDI KAYAN. Mutlaq Al-Morished, SABIC Vice President Corporate Finance and Chairman of SAUDI KAYAN explained that the company plans to go live in 2009 with an annual capacity exceeding 4 million tons of varied petrochemical products.
"These products will strengthen SABIC's competitiveness, introduce specialty products for the first time in Saudi Arabia, provide wide opportunities for the growth and diversity of national downstream industries and create promising job opportunities for Saudi citizens."
SAUDI KAYAN is currently under construction. SABIC holds 35 percent of the company's capital of SR 15 billion and the Kayan Petrochemical Company holds 20 percent. The remaining 45 percent will be offered for public subscription.
2007/5/3 Al Bawaba
Saudi Kayan awards hdpe plant construction contract to the chinese Huanqiu company
The Saudi Basic Industries Corporation (SABIC) affiliate, the SAUDI KAYAN Petrochemical Company (SAUDI KAYAN) signed on April 30, 2007 a Letter of Award (LOA) with the Chinese HUANQIU Contracting & Engineering Corp. (HQCEC) for the construction of a new High Density Polyethylene (HDPE) plant at its complex in Al-Jubail Industrial City.
The LOA was signed by Abdullah Al-Rabea'a, President SAUDI KAYAN, in the presence of Mansour Al-Kharboush, Vice President, Shared Services, and Mazyad Al-Khaldi, General Manager SABIC, E&PM.
The HDPE plant's annual capacity will be 400K tons. SAUDI KAYAN, which will go on stream in 2010 , will have an annual production capacity of about 5.6 million metric tons of petrochemical and chemical products.
China HuanQiu Contracting & Engineering Corp (HQCEC)
SABIC Affiliate YANSAB signs SR 13.125 Billion (USD 3.5 Billion) loans and facilities agreements
SABIC affiliate, Yanbu National Petrochemical Company (YANSAB), signed a package of loan contracts and facilities agreements valued at SR 13.125 billion (US$ 3.5 billion) with the Public Investment Fund (PIF), and a group of local, regional and global banks to fund the construction of its petrochemical complex in Yanbu Industrial City. Mutlaq Al-Morished, Chairman of the Board of Directors of YANSAB and SABIC Vice President for Corporate Finance, signed the contracts on behalf of YANSAB. Agents of the lending banks signed the contracts on behalf of the lending institutions.
Mr. Mohamed Al-Mady, SABIC Vice Chairman and Chief Executive Officer said, "The participation of such a large number of banks and financial institutions to meet the company's credit requirements reflects the confidence that the world financial institutions attach to a sound and solid Saudi economy as well as the petrochemical industry in the Kingdom".
YANSAB will make use of the Islamic loans to finance a great deal of the capital investment. Mr. Al-Morished explained that the European export credit agencies' contribution to these loans amounts totaled SR 2.625 billion (US$ 700 million), which is equal to 29% of the commercial financing. This clearly reflects the confidence of these institutions in the future of YANSAB and the petrochemical industry in the Kingdom as a whole. He added that this confidence is also reflected through the number of participating banks. There are 19 in all, including 9 international and 3 regional banks. The coverage of commercial loans has exceeded the required amount by 65%. The contribution of the PIF is SR 4 billion (US$ 1.067 billion). Mr. Al-Morished lauded the PIF as well as the participating banks' confidence in SABIC.
YANSAB is a Saudi joint stock company. SABIC owns 55% of YANSAB. A group of 17 local and regional companies owns 10% of the company's shares. Saudi citizens own 35% following a public subscription process, which was described as the largest of its kind in the Saudi market.
YANSAB has completed awarding all engineering, procurement and construction contracts. The implementation works are well on track according to the plan. The complex is expected to go on stream and enter the stage of commercial production in 2008. It is one of the world's largest petrochemical complexes with an annual capacity exceeding 4 million metric tons of petrochemical products which will boost SABIC's contributions to national development plans and strengthen its competitive capabilities in the global markets. The complex will also create 1,500 promising job opportunities for Saudi nationals.
SABIC set to launch its debut Islamic Sukuk in the wake of gaining the approval of the Capital Market Authority (CMA)
The Saudi Capital Market Authority (CMA) has given approval to SABIC to launch issuance of Sukuk in a total amount up to SAR 3 billion. The minimum value set for each of these Sukuk is SR 50,000. The minimum subscription shall be SR 500,000 (10 Sukuk per subscriber). If the amount is greater than SR 500,000, it will be calculated in multiples of SR 50,000. This Sukuk will be the first to be launched in Saudi Arabia under the new Capital Market Law. HSBC Group, one of the world's largest banking and financial services organizations, has been appointed as the lead manager and book runner for this pioneering issuance.
＊ 1 Saudi Riyal = 30.70261 Japanese Yen
To be issued directly by SABIC, the SABIC Sukuk will be the first to be approved by a Shariah Committee of a Saudi Arabian Bank, the SABB Amanah Shariah Supervisory Committee. The Sukuk will also score first on a number of other fronts, notably the first to be admitted on the official list of the CMA, the first fully tradable Sukuk to be issued in the Kingdom, and the first to be settled/cleared through Tadawul (Saudi Stock Exchange) . The Sukuk will set a template for other Sukuk and non-equity capital market issuances to follow, thereby further facilitating innovation and economic growth in Saudi Arabia.
Initially, issuance shall be limited to financial institutions and major companies. Individuals may participate through various bank investment funds. Other issuances will expand to cover individuals directly following completion of essential mechanisms of the component authorities.
SABIC Sukuk is unique in many ways with minimal risks. It is directly underpinned by a financially sound world leading company with diversified investments in basic industries.
SABIC has increasingly begun utilizing Islamic financing techniques for its fund raising. It recently raised the largest ever Islamic finance tranche 海外発行の債券in a Greenfield project新規整備投資 with the financing for its YANSAB affiliate (US$ 3.5 billion) , in addition to a recent one billion US$ Murabaha finance agreement短期商業金融 with Deutsche Bank. This Sukuk demonstrate SABIC's continued commitment towards developing the scope and breadth of Islamic financing.
SABIC Sukuk further demonstrates SABIC's endeavors to diversify the sources of finance for its investment projects which will contribute to developing the Saudi Capital Market and help develop the national economy.
More detailed information on the Sukuk is available on the SABIC and SABB Bank websites.
SABIC Forms Polystyrene Joint Venture with Baser Petrokimya of Turkey
Saudi Basic Industries Corp. (SABIC) has formed a polystyrene joint venture with Baser Petrokemya of Turkey.
SABIC will hold 70 percent of the new joint venture, with Baser holding the remaining 30 percent.
The new joint venture will take over all of Baser's polystyrene assets in Turkey, including an Adana-based plant with a production capacity of 40,000 tons a year. The plant is valued at US$22 million. SABIC will undertake marketing for the new joint venture's entire product.
It is worth mentioning that SABIC's wholly owned affiliate Petrokemya produces polystyrene and other affiliate SADAF produces Styrene.
November 11, 1998 Chemical Week
Turkish Firm to Build PS Plant
Baser holding (Istanbul) will invest $50 million in the group'sfirst polystyrene (PS) plant. The 40,000-m.t./year unit will bebuilt and operated by a new subsidiary, Baser Petrokimya
Gulf Daily News
Sabic expansion scheme covers India and China
Sabic is in talks to build a chemical plant in India as part of plans to boost capacity by almost 50 per cent between 2009 and 2015, the company's CEO said yesterday. The state-controlled firm, the world's largest chemical company by market value, expects to reach agreement with a partner to build the ethylene and other chemicals-products plant by the end of next year, Mohammed Al Mady said in an interview in Dubai.
He declined to give further details.
Sabic, which expects to produce about 51 million tonnes of chemicals and steel this year, plans to boost total capacity to 100m tonnes by 2015, building plants in China, India and Saudi Arabia, and acquiring companies in Europe and the US, Mady said.
It has already committed to development plans worth at least $25 billion to boost capacity by a third to 68m tonnes in 2009, Mady said.
In September, it agreed to buy the European operations of US chemical maker Huntsman Corp for $700m.
Sabic is also in talks with China's Dalian Shide and China Petroleum and Petrochemical Corp (Sinopec) about building a plant in China. The discussions started three years ago, he said.
Last month, it agreed with ExxonMobil to study setting up a rubber plant in Saudi.
Reuters November 14, 2007
Kayan to raise $4b in debt
Saudi Kayan Petrochemical is raising $4 billion in loans and export credits, including as much as $2 billion through debt that complies with Islamic law, a banker familiar with the deal said yesterday.
Presentations to investors start within two weeks, and will take part in the Middle East, Europe and Asia, said the banker, who did not want to be identified.
Saudi Kayan is a $10 billion project 35 per cent owned by Saudi Basic Industries Corp, 20 per cent by Al Kayan Petrochemical Co and 45 per cent by Saudi citizens. Sabic is managing the financing process.
Saudi Arabia's Al Rajhi Bank has already agreed to provide a $650 million loan. That is over and above the $4 billion Saudi Kayan is seeking to raise.
Petrokemya launches new downstream facility
Jubail-based Arabian Petrochemical Company (Petrokemya) is planning to build the region's first acrylonitrile butadiene styrene (ABS) plant at its Jubail olefins complex.
Petrokemya, a wholly-owned affiliate of Saudi Basic Industries Corporation (Sabic), has invited companies for the contract to engineer and build the plant, which will have a capacity of 200,000 tonnes a year (t/y).
The work covers the construction of a polybutediene plant, a latex unit, a higher rubber graft facility, a styrene acrylonitrile plant and an ABS compounding unit. Process technology for the scheme is being supplied by Sabic Innovative Plastics, formerly known as GE Plastics, which Sabic acquired last year.
March 19, 2009 Shaw
Shaw to Provide Front End Engineering Design Services for ABS Plant in Saudi Arabia
The Shaw Group Inc. today announced its Energy & Chemicals Group has been awarded a contract to provide front end engineering design (FEED) services for a grassroots 200 kilo tons per annum (KTA) acrylonitrile butadiene styrene (ABS) plant for Arabian Petrochemical Company. The plant will be located in Al-Jubail, Kingdom of Saudi Arabia. Shaw also is providing procurement services for long lead equipment for the plant.
The value of Shaw's contract, which was included in the company's previously announced backlog of unfilled orders, was not disclosed.
SABIC Innovative Plastics Technologies, Inc. (formerly GE Plastics Global Technology, LLP) is providing the emulsion ABS technology for this project.
2008/6/22 AME Info
SABIC and SINOPEC sign strategic cooperation agreement and agree to expand Tianjin industrial complex
The agreement signed during the visit of Chinese Vice President Xi Jinping (習近平副主席) is designed to expand the heads of agreement (HOA) signed by the two companies on Jan 31, 2008, whereby SABIC will have 50% of the Tianjin complex joint venture together with a feasibility for adding a new product (polycarbonates) by using raw materials(ﾋﾞｽﾌｪﾉｰﾙA？) produced at the complex based on SABIC Innovative Plastics technology.
SABICは1月31日、Sinopec との間で、50:50のJVを設立して天津にエチレン誘導品コンプレックスを建設する Heads of Agreement を締結したと発表した。同日、北京で両社の会長により調印された。
2007/2/13 GE Plastics、中国のPC計画延期
2007/7/5の報道では、GE Plastics を買収したSABICは、同社がサウジでPC計画を進めているため、中国での計画をやる考えはないと言明した。
Last month, Sinopec agreed to let South Korea's SK Energy buy a 35 percent stake, which industry experts said was worth roughly $1 billion, in an ethylene complex Sinopec is building in central China.
SABIC, 70 percent owned by the Saudi government, will not be involved in building the 240,000 barrel per day (bpd) Tianjin refinery, company officials have said, which is in line with the petrochemical giant's investment pattern in other regions such as India.
Sinopec and domestic rival PetroChina are set to add at least half a dozen huge crackers, costing some $20 billion by 2010, to cut China's import dependence of nearly half its petrochemical consumption.
During the visit of Chinese Vice President Xi Jinping SABIC and SINOPEC sign strategic cooperation agreement and agree to expand Tianjin industrial complex
Saudi Basic Industries Corporation (SABIC) and China Petrochemical Corporation (SINOPEC) signed today (Saturday, June 21, 2008) in Jeddah, a strategic cooperation agreement to expand the scope of partnership at Tianjin industrial complex, China, currently under construction.
The agreement signed during the visit of Chinese Vice President Xi Jinping is designed to expand the heads of agreement (HOA) signed by the two companies on Jan 31, 2008, whereby SABIC will have 50% of the Tianjin complex joint venture together with a feasibility for adding a new product (polycarbonates) by using raw materials produced at the complex based on SABIC Innovative Plastics technology.
The agreement also called for joint work in other future projects in China depending on each party capabilities in addition to cooperation in certain areas such as engineering services, project implementation, R&T, product marketing, and material procurement.
Prince Saud bin Abdullah bin Thenayan Al-Saud, Chairman of the Royal Commission for Jubail and Yanbu, SABIC Board Chairman signed for SABIC while Su Shulin, SINOPEC Board Chairman signed for his company.
The complex is expected to be completed in September 2009 with investments exceeding $2.5 billion. The overall production capacity of the complex will be approximately 4 million tons of different petrochemical products including 1.2 million tons of ethylene and other products such as poly propylene (PP), butadiene, phenol, and butene-1.
China is the biggest world petrochemical market in light of high growth rates realized by the Chinese economy. SABIC plans to set up a manufacturing center in China to boost its presence in Asia where China represents the biggest market in the Asian continent. This ensures that SABIC is as close as possible to its customers through its products and services. This move follows SABIC's ambition to realize its vision “To be the preferred world leader in chemicals.”
July 13 2008
Saudi SAFCO and SABIC unit to build steel plant
Saudi Arabian Fertilizers Co (SAFCO) said on Sunday it had signed a deal with a steel unit of Saudi Basic Industries Corp to set up a steel plant with a capacity of 1.7 million metric tonnes a year.
SAFCO and Saudi Iron and Steel Co (Hadeed) would jointly build the plant to produce flat steel products at Jubail, with completion expected in four years, SAFCO said in a statement on the bourse website.
SABIC, the world's biggest chemicals firm by market value, owns 42 percent of SAFCO.
(SAFCO homepage では、SABIC 41%, SAFCO Employees 10%, Private Saudi Arabian shareholders 49%)
Hadeed will also set up a facility with capacity to produce 500,000 tonnes a year of steel rebar (reinforcing bar) and wire rods, bringing the new total capacity to 2.2 million tonnes per year, the company said.
Last year, SABIC said it planned to raise steel output at Hadeed by 22.6 percent to 6.5 million tonnes by 2010.
Lummus Technology Awarded Contract from Ibn Rushd
Lummus Technology, a CB&I company, has been awarded a contract by Ibn Rushd, a SABIC affiliate, for the license and basic engineering of the proprietary CATOFIN(R) technology utilizing Sud-Chemie's latest CATOFIN catalyst. With a capacity of 650,000 metric tons per annum, the plant will be the largest single line propane dehydrogenation facility in the world.
The plant will be located in Yanbu, Saudi Arabia and is scheduled for start-up in 2011.
Süd-Chemie is a highly-innovative, listed, specialty chemicals company headquartered in Munich.
With its two divisions of Adsorbents and Catalysts, the Süd-Chemie Group, which has around 5,000 employees, generates total sales of almost 1.1 billion euros.
SABIC and ExxonMobil Chemical sign Heads of Agreement for new Elastomers project in Saudi Arabia
Saudi Basic Industries Corporation (SABIC) and affiliates of ExxonMobil Chemical have signed a Heads of Agreement (HOA) and are progressing detailed studies for a new Elastomers project at their petrochemical joint ventures, Kemya and Yanpet.
The HOA defines the principal terms for the proposed multibillion dollar project including project scope, technology, marketing and feedstock supply. The project would establish a domestic supply of over 400 KTA of carbon black, rubber and thermoplastic specialty polymers (EPDM, TPO, Butyl, SBR/PBR) to serve emerging local and international markets.
Nov 18, 2008 Reuters
Exxon, SABIC sign preliminary rubber deal
The statement said Yanpet is a 50-50 joint venture between Mobil Yanbu Petrochemical Co Inc, an affiliate of ExxonMobil Chemical and SABIC, and Kemya is a 50-50 joint venture between SABIC and Exxon Chemical Arabia Inc, an affiliate of ExxonMobil Chemical.
The final decision to implement the project, which will need Board of Direcctor approval from both joint ventures, is subject to completion of more economic feasibility studies and completion of all other statutory procedures, the statement said.
Exxon, Sabic JV petchem plant to cost $5 bln
Exxon Mobil Chemical and Saudi Basic Industries Corp (2010.SE) (SABIC) joint-venture synthetic rubber plant was expected to cost about $5 billion, a senior company executive said on Monday.
The project would have a combined production capacity of about 400,000 tonnes per year of carbon black, rubber and specialty polymers for both domestic and international sales.
"We are working on a five billion project for elastomers... it goes into the tyre industry which will contribute to the downstream industry that will eventually be developed...," Marc Granier vice-president of Exxon Mobil Chemicals in Saudi Arabia told reporters at an industry conference.
The plants, which will be based at the Kemya complex in Jubail and the Yanpet complex in Yanbu, were expected to come online between 2013 and 2014, Granier said.
SABIC and Sipchem sign MOU for new projects in Jubail
The Saudi Basic
Industries Corporation (SABIC) and the Saudi International
Petrochemical Company (Sipchem) announced today that they have
signed a Memorandum of Understanding (MOU) for mutual cooperation
in the setting up of new projects using the existing surplus
production capacities of the two companies to utilize Ministry of
Petroleum and Mineral Resources allocated raw materials to
produce a number of specialty petrochemical products.
Under this MOU, SABIC will implement several new petrochemical projects in the Kingdom of Saudi Arabia at a preliminary estimated value of SR 12 billion (US$ 3,2 billion) including seven plants for the production of 250,000 tons of methyl metha acrylate (MMA), 30,000 tons of poly methyl metha acrylate (PMMA), 200,000 tons of acrylonitrile, 50,000 tons of polyacrylonitrile, 50,000 tons of polyacetyl resins, 3,000 tons of carbon fiber and 40,000 tons of sodium cyanide annually. Sipchem will build two plants at a preliminary estimated cost of SR 3 billion (US$ 810 million) for the production of 125,000 tons of poly vinyl acetate and 200,000 tons of ethylene vinyl acetate annually. These plants are expected to go on-stream by mid 2013.
According to the MOU, a SABIC manufacturing affiliate will crack the feedstock allocated to Sipchem and also provide it with ethylene. One of Sipchem's manufacturing companies will supply carbon monoxide to SABIC for the production of MMA.
The two companies will move forward on these projects after the completion of economic studies and legal procedures. Studies on the appropriate technology required for these projects are currently under way.
As these industries are largely research-dependant, SABIC and Sipchem will establish specialized R&D centers to develop product applications. Their aim will be to promote and encourage local industries, especially in the areas of automotive parts, electrical appliances, household commodities, computers and electronic equipment and health care and provide support to national downstream industries, especially the plastic industries sector.
The MoU was signed by Mutlaq H. Al-Morished, SABIC Vice President, Corporate Finance, and Ahmad Al-Ohali, Sipchem CEO.
Jun 16, 2009
SABIC awards Ibn Rushd contract to Uhde
Saudi Basic Industries Corporation (SABIC) has awarded a contract to German contractor Uhde Inventa-Fischer to provide the technology licence and the complete basic engineering on the 2nd PET resin expansion of its manufacturing affiliate, Arabian Industrial Fiber Company (Ibn Rushd) at its site in Yanbu, Saudi Arabia.
The plant will have an annual capacity of 420,000 metric tonnes per annum (mtpa) and will produce various grades of PET resin including plastic water bottles and CSD applications.
SABIC's latest PET resin addition goes along with its impressive expansion program at Ibn Rushd which among several other projects consists of an extension of their PTA plant as the raw material source for the PET plant.
Ibn Rushd is a subsidiary of SABIC which controls 47.26% of the company, while investors from the Kingdom and the region control the rest.
The company produces aromatics product and PTA.
Ibn Rushd revealed plans last year to build propane dehydrogenation plant in Yanbu to feed the 525,000 mtpa polypropylene plant.
October 23 - 2005
IBN RUSHD plans to upscope its annual polyethylene terephthalate (PET) capacity to 300K metric tons
SABIC's affiliated Company; Arabian Industrial Fibers Company (IBN RUSHD) plans to implement an expansion project to add 230,000 metric tons of Poly Ethylene Terephthalate (PET) annually.
In a meeting held on Wednesday Oct. 19, 2005, at SABIC HQ in Riyadh, IBN RUSHD's new board of directors, under the chairmanship of Dr. Abdullah Al Abdul Qadir, has ratified the new project which is expected to go on stream in Q2 2007. This project will bring the complex's total annual production capacity to 300,000 MT to meet the growing local and global demand especially from the packaging products industry.
Oct 27, 2009
SABIC Affiliate, TAYF, Create Saudi Organometallic Chemicals
Company (SOCC), a Strategic Catalysts Joint Venture
New 50/50 Joint Venture Will Build First World-Scale Organometallics Catalyst Plant in the Middle East
Albemarle Corporation, a global leader in the production of innovative specialty catalysts, announced today that it will form a 50/50 joint venture with Ibn Hayyan Plastic Products Company (TAYF), an affiliate of Saudi Basic Industries Corporation (SABIC), called Saudi Organometallic Chemicals Company (SOCC). Under the terms of the joint venture agreement, the two parent companies will build a world-scale organometallics production facility strategically located in the Arabian Gulf Industrial City of Al-Jubail.
Saudi Organometallic Chemicals Company selects Samsung Engineering to construct manufacturing facility
Saudi Organometallic Chemicals Company (SOCC), a joint venture equally owned by Sabic affiliate, Specialty Chem (Saudi Specialty Chemical Company) and Albemarle Netherlands B.V. (a wholly owned subsidiary of Albemarle Corporation), is pleased to announce that Samsung Engineering has been selected to provide engineering, procurement, and construction (EPC) services for the SOCC Aluminum Alkyls manufacturing facility in Jubail, Saudi Arabia.
"SOCC is pleased with the selection of Samsung" says Al Saurage, SOCC Executive General Manager. "With Samsung's history SOCC is assured of a quality design and construction effort for this facility that will supply a strategic product supporting the polyolefin industry of the region."
Samsung will immediately begin the detailed engineering in Seoul, Korea. The manufacturing facility will be constructed in Jubail Industrial City, Saudi Arabia, at the Specialty Chem site, with a mechanical completion date projected for 3Q2012. Mr. Choi, Samsung Engineering VP of Business Development, commented, "We are pleased to have the opportunity to work with SOCC and the parent companies Sabic and Albemarle. Samsung will do its utmost to ensure that the SOCC project is executed in a speedy manner and with outstanding quality and safety records."
The SOCC facility will initially manufacture 6,000 Metric Tonnes/yr of Tri Ethyl Aluminum, the key co-catalyst used in polyolefin production. This product is currently supplied to the region from Albemarle's facilities in Europe, Asia, and North America and will be supplied from the SOCC plant to regional customers upon plant startup.
有機金属とは、炭素-金属結合を有する化合物の総称で、特に、遷移金属との錯体を有機遷移金属錯体と称します。有機金属は通常の有機化学反応では起こり得 ない数々の反応を生み出し、有機合成の方法論に新たな道筋を付けることになりました。均一系水素化，クロスカップリング，オレフィンメタセシス…これらは 現在最も利用されている遷移金属触媒反応の一例ですが、いずれも通常の有機化学では不可能な反応でありながら高い収率・選択性を達成することができます。
SOCC will be the first
company of its kind to produce these products in the region. The
construction of the plant is expected to begin in the fourth
quarter of 2009 with start-up anticipated by early 2012.
The new facility will have the capacity to produce 6,000 metric tons of tri-ethyl aluminum equivalents annually. Tri-ethyl aluminum is used primarily as a co-catalyst in Ziegler-Natta type systems for olefin polymerizations. The manufacturing joint venture will be established and uniquely positioned to ensure the effective delivery of tri-ethyl aluminum to the region's growing customer base.
Mark C. Rohr, chairman and chief executive officer of Albemarle said, "We are excited to bring this enabling technology to the Middle East and we are equally pleased to be doing so in partnership with SABIC, one of the world's leading chemical companies. This new world-scale production unit will help us safely and efficiently serve our customers while also providing a foundation for Albemarle to capitalize on other opportunities emerging in the region."
SABIC vice chairman and chief executive officer, Mohamed Al-Mady said, "This joint venture represents another step in our vision to become the preferred world leader in chemicals. Moreover, this facility will provide strategically needed security for the supply of tri-ethyl aluminum catalyst, which is critically required for our multi-billion dollar polyolefins industry."
Albemarle is a recognized leader in innovative organometallics technology with a longstanding reputation for superior product quality and reliability. The new SOCC joint venture and organometallics facility will further Albemarle's mission to expand its global footprint and promote the highest standards in health, safety and environmental practices while delivering value to its all of its stakeholders.
"The new joint venture facility will feature Albemarle's state-of-the-art technology, proprietary safety expertise and premier logistical stewardship that are trademarks of our reputation as a respected leader in the global organometallics market," said Amy Motto, division vice president of Albemarle's polyolefin catalyst group.
Albemarle is the world's leading producer and marketer of organometallic compounds used in the production of polyethylene and polypropylene, synthetic rubbers and chemical synthesis.
Albemarle Corporation, headquartered in Baton Rouge, Louisiana, is a leading producer of specialty chemicals for consumer electronics; transportation and industrial products; pharmaceuticals; agricultural products; construction and packaging materials. The company's three business segments, Polymer Solutions, Catalysts and Fine Chemicals serve customers in nearly 100 countries, generating annual revenue of approximately US$2.4 billion. Learn more about Albemarle at www.albemarle.com.
2004年8月2日をもち、Akzo Nobel社触媒事業部門のAlbemarle社への売却手続きが完了した。今後Akzo Nobel Catalystsは、Albemarle社のCatalyst Divisionとなる。これに伴いAlbemarle社のポリオレフィン触媒部門は、新しいCatalyst Divisionと一体化した。
Albemarle社は、今回のAkzo Nobel Catalysts買収により、触媒、ファインケミカル、ポリマー添加剤の大きな三つのDivisionによる年商約17.5億USドルの企業となる。
* Flame retardants
* Alternative Fuel Technologies
* Fine chemistry services
* Bromine chemicals
* Total Mercury Solutions
* Other industrial specialities
In 1962 Albemarle Paper Manufacturing Company, founded in Virginia in 1887, borrowed $200 million and purchased Ethyl Corporation a company more than thirteen times its size. In 1994, Ethyl spun off its chemical businesses to create an independent, publicly traded company named Albemarle Corporation.
1996 - Albemarle sells its alpha olefins, polyalphaolefins and synthetic alcohols businesses to Amoco for about $500 million.
1997 - Albemarle increases its Asia Pacific presence through an alliance with Mitsui Toatsu Chemicals, Inc., acquiring 50 percent of the outstanding stock of Nippon Aluminum Alkyls, Ltd.
1997 - Albemarle restructures into two global business units: Polymer Chemicals and Fine Chemicals.
1998 - Albemarle Holdings Company Limited, a wholly-owned subsidiary of Albemarle Corporation, signs a joint venture agreement with Jordan Dead Sea Industries Company (JODICO) and Arab Potash Company (APC) to manufacture and market bromine and bromine derivatives from a world-scale complex to be built in Jordan, near the Dead Sea.
2000 - Albemarle and Jinhai Chemical and Industry Company, a Chinese company, announce the establishment of a Sino-foreign joint venture company for the manufacture, sale and export of specialty polymer stabilizers, flame retardants and selected fine chemicals named Ningbo Jinhai Albemarle Chemical and Industry Company, Limited.
2000 - Albemarle announces that the purchase of certain assets of Ferro Corporation's PYRO-CHEKR flame retardant business, along with a plant at Port-de-Bouc, France.
2000 - Albemarle, Cytec Industries Inc., and GE Specialty Chemicals, Inc., a subsidiary of General Electric Company, announce their intention to form a new business-to-business internet joint venture, PolymerAdditives.com, LLC to provide a faster, more efficient way to buy complementary brand-name products and services directly from trusted suppliers.
2003 - Albemarle acquires Ethyl Corporation's fuel and lubricant antioxidants business. The acquisition includes the family of antioxidants and blends used to extend the storage life and thermal stability of a broad range of fuel and lubricant products. The agreement also includes patents and other intellectual property related to the antioxidant chemistries.
2003 - Albemarle completes the acquisition of the phosphorus-based polyurethane flame retardants businesses of Rhodia.
2003 - Albemarle and Atofina S.A. (Paris) announce the completion of Albemarle's acquisition of Atofina's bromine fine chemicals business.
2004 - Albemarle Corporation acquires the refinery catalyst business of Akzo Nobel N.V. With this acquisition, Albemarle becomes one of the world's largest producers of hydro processing catalysts (HPC) and fluidized catalytic cracking (FCC) catalysts used in the petroleum refining industry. Including joint ventures and Albemarle's current polyolefin catalyst business, the new Catalyst segment is expected to generate sales of roughly $680 million on an annual basis.
2007 - Albemarle Corporation acquires the mercury control products and services business of Sorbent Technologies. With this acquisition, Albemarle expands its clean energy portfolio.
Founded in 1923 Ethyl Corp was formed by General Motors and Standard Oil of New Jersey (ESSO). General Motors had the "use patent" for TEL テトラエチル鉛 as an antiknock, based on the work of Thomas Midgley, Jr., and ESSO had the patent for the manufacture of TEL. Since the patents affected the marketing of TEL, General Motors and ESSO formed Ethyl Corp; each parent company had a 50% stake in the new corporation. Since neither company had chemical plant experience, they hired Dupont to operate the manufacturing facilities. After patents ran out, Dupont started manufacture of TEL on their own and Ethyl started running its own operations.
In 1962, Albemarle Paper Manufacturing Company, in Richmond, borrowed $200 million and purchased Ethyl Corporation (Delaware), a corporation 13 times its size. Albemarle then changed its name to Ethyl Corporation. It is believed that General Motors thought to divest itself of "Ethyl Corporation" owing to concern about liabilities of TEL. The 1962 transaction was the largest leveraged buyout until that time.
The Ethyl corporation expanding and diversifying during the 1970s and 1980s in response to the gradual decline of the market for TEL as the automotive industry shifted to unleaded gasoline. In the late 1980s Ethyl began to spin off a number of divisions. The aluminum, plastics, and energy units became Tredegar Corporation in 1989. In 1993, it spun off its life insurance company, First Colony Life, and then in 1994, the specialty chemicals business was spun off as an independent, publicly traded company named Albemarle Corporation.
In 2004, Ethyl Corporation changed its name to NewMarket Corporation, the parent company of Afton Chemical Corporation, manufacturer of lubricant and fuel additives, and Ethyl Corporation, a manufacturer and distributor of certain fuel additives, including tetraethyl lead, which is no longer allowed in fuel for on-highway vehicles, but is still used in aviation gasoline and some racing gasolines, for which there is no alternative to TEL which provides its advantages.
Italy's Danieli to build steel plant for Saudi's SABIC
Saudi Basic Industries
Corp's (SABIC) affiliate Hadeed said on Sunday it had signed a
deal with Italian foundry equipment maker Danieli for the
construction of a steel plant in Saudi Arabia.
The plant would have a production capacity for steel billets of 1 million tonnes per year, Hadeed said in a statement posted on the Saudi bourse website.
The project would begin in the second half of 2012, the statement said.
State-controlled SABIC controls 100 percent of Hadeed.
In August, Danieli was awarded the contract to build a 800 million riyal steel ($213.3 million) plant for Al-Rajhi Steel, one of Saudi Arabia's three largest steel companies.