Despite adverse market conditions, Saudi petrochemical sector is expected to grow this year backed by new production plants and feedstock advantage, a report said.
NCB Capital forecast that in spite of the lower prices YoY expected in 2012
Saudi shares opened lower on Saturday, dragged by declines in all sectors after a sharp drop in oil prices. The all-share index dropped 0.4 per cent and the petrochemical index lost 0.7 per cent.
Oil prices had slumped on Friday on renewed
Saudi Kayan Petrochemicals has signed a preliminary agreement with Saudi Acrylic Acid Company (SAAC) and a JV between US Dow Chemical and Saudi Aramco to build a 1.8 billion-riyal ($480 million) n-Butanol plant in the kingdom.
Saudi Basic Industries Corp (Sabic) said on Wednesday it expects higher sales and profitability in 2011 and 2012 as production increases and petrochemical prices rise to pre-crisis levels.
The world's largest chemical firm by market va
An affiliate of Saudi Basic Industries Corp (Sabic) plans to start a 83,000 tonnes per year oleo-chemical plant by the end 2013, the first in the Middle East to produce chemical products from renewable feedstock.
German Lurgi Gmbh will sup
Saudi Kayan Petrochemicals Co plans to bring the first unit online at its Jubail petrochemicals complex in the second half of 2010 and start other units slowly through 2012, a top executive said.
Kayan, a unit of the world's largest pe
Saudi Kayan Petrochemical, a unit of Saudi Basic Industries Corp, will begin production in 2010, Sabic's chief executive said on Monday.
'The Kayan complex will start production by 2010... the Kayan complex contains 16 plants, some
A Saudi Basic Industries Corp (Sabic) affiliate plans to raise $2.45 billion from banks to help finance the construction of a $10 billion chemical plant, two people familiar with the matter said.
Saudi Arabia's Al-Rajhi Banking & Inves
Saudi Basic Industries Corp (Sabic) said on Sunday it was on track to borrow $6 billion this year for an industrial complex despite credit market turmoil that forced it to cut a planned bond in half last month.
Sabic, the world's largest c
Saudi Basic Industries Corporation (Sabic) has denied that there will be any delay in arranging Al Kayan debt.
Referring to an article in Middle East Economic Digest (MEED) magazine titled, “SABIC Delays Al-Kayan Debt”, a Sabic statement t