Company: Sadara Chemical Co
Country: Saudi Arabia
Al Labban joined Sadara Chemical Co in September, 2012, as it received a record-breaking $4.975bn loan to help build a petrochemical complex in Jubail Industrial City II in eastern Saudi Arabia. The project is expected to create 18,000 jobs and be operational in 2016 with 26 processing units producing more than 3 million metric tons of 10 major categories of chemical products and specialty plastics per year.
Al Labban has worked in upstream and downstram sectors of the oil, gas and petrochemical sectors for 30 years. Before joining Sadara, a joint venture between Dow Chemical Co and Saudi Arabian Oil Co, he was president and CEO of Rabigh Refining and Petrochemicals Co, which owns and operates a 400,000 barrel per day, integrated refinery-petrochemical plant in Rabigh, Saudi Arabia.