#Petrochemicals

SABIC PRESS CONFERENCE Q3_tcm1010-42370

Saudi Arabian petrochemical giant SABIC reports Q3 net loss

SABIC has attributed the fall in revenue to a downturn in the global petrochemical market which continues to witness weak demand

Borouge

Borouge shareholders approve multimillion dollar dividend

The interim dividend will be paid to shareholders who have purchased Borouge shares as of September 7

Aramco, TotalEnergies award contracts for $11bn Amiral project

Aramco, TotalEnergies award contracts for $11bn petchem complex

The awarding of the contracts marks the start of construction work on the petrochemical facility

UAE's Ducab and UPI have signed an agreement with Borouge

Petrochem company Borouge wins two contracts worth $15m from UAE manufacturers

UAE-based Ducab and Union Pipes Industry will use Borouge solutions to produce power cables and pressure pipes for Borouge 4 infrastructure

Borouge

Abu Dhabi’s Borouge reports 13.5% rise in nine-month revenue

The company’s revenue for the three months ending September 30, grew 8 percent year-on-year to equal $1.67bn

Borouge announces strong revenue growth of 16.4% YoY

Borouge announces strong revenue growth of 16.4% for H1 2022

Borouge reported that the adjusted EBITDA increased 1.7 per cent to $1,512m, whilst net income increased 2.5 per cent to $853m

Borouge 4 construction to commence in Ruwais

Borouge 4 construction to commence in Ruwais, early phase underway

Upon completion, the new project will add an additional 1.4 million tonnes of polyethylene

ADNOC Borealis acquisition

Abu Dhabi National Oil Company to acquire 25% stake in Borealis

The investment in Borealis expands ADNOC’s international footprint in the fast-growing chemicals and petrochemical sector in Europe and the Americas

AquaChemie Middle East

AquaChemie begins construction on $40m petrochemical terminal at Jebel Ali Port in Dubai

The specialised bulk storage terminal will have a total capacity of around 40,000 cubic metres

Saudi chemicals maker SABIC posts profit as demand revives

Profit rose mainly due to the reversal of SAR690m of impairments associated with Clariant AG