#chemicals

SCZone in Egypt

Four global firms shortlisted for $2bn industrial project in Egypt

Hyundai, Samsung, Technip Energies and Tecnicas Reunidas are competing to construct a chemicals complex in the Suez Canal Economic Zone

SABIC

Biggest chemicals firm says cost squeeze to hit profit this year

Demand for products from plastics to paint has soared in the past year with economies recovering from the coronavirus pandemic

Alpha Dhabi to invest Dhs1bn in ADNOC chemicals project

The investment in Abu Dhabi Chemicals Derivatives Company, known as Ta’ziz, is part of an Dhs8bn strategy announced last week

Saudi’s Sabic sees profit surge amid global chemical boom

Revenue climbed 72 per cent year-on-year to $11.3bn

ADNOC Reliance

ADNOC and Reliance sign agreement for chemical project in Abu Dhabi

The integrated plant will produce 940 thousand tons of chlor-alkali, 1.1 million tons of ethylene dichloride and 360 thousand tons of PVC annually

ATS Terminals Hamriyah Sharjah UAE

ATS Terminals increase tank storage in Sharjah’s Hamriyah Free Zone

It has increased its tank storage capacity from 42,000 CBM to 72,000 CBM, at a total investment of Dhs55m

Aramco, Sabic to reassess $20bn crude-to-chemicals project

SABIC suspended new capital spending earlier this year as it reported losses in the first and second quarters

Saudi chemicals giant Sabic taps bond market for $1bn

Saudi Arabia is seeking to diversify its economy away from petroleum by building new industries

sabic

Saudi chemical maker SABIC expects recovery following loss

SABIC generated second-quarter sales of SAR24.62bn, down 29 per cent from the previous year

sabic

Oil giant Saudi Aramco completes $70bn takeover of SABIC

Aramco will push back the bulk of installments until after 2022 and delay the final one by three years until 2028

sabic

Aramco begins taking SABIC stake in $69bn of block trades

Aramco will pay $24.8bn this week as a first installment in the deal

Saudi Aramco seeks to restructure $69.1bn SABIC deal

Aramco is weighing pushing out payments for the 70 per cent holding in SABIC and reducing the size of the initial installment to PIF

sabic

Saudi Arabia’s SABIC suspends all but essential spending

The company’s first-quarter sales dropped 18 per cent to SAR30.83bn