Bloomberg reports discussions held with Lazard, HSBC Holdings, JPMorgan Chase and Morgan Stanley on listing National Industrial Gases Company
SABIC
Latest in SABIC
SABIC
Saudi Arabia’s SABIC announces $6.4bn investment in Fujian petrochemical complex in China
The project is to be set up as a JV between SABIC Industrial Investments and Fujian Fuhua Guli Petrochemical Co., on a 51:49 equity stake basis
PIF
Saudi Arabia’s PIF buys steel firm Hadeed for $3.3bn
PIF buys Saudi steel firm as it looks to boost industrial sector in the Kingdom
circular economy
Saudi SABIC wins prestigious award for its ocean bound plastic work
The 2023 Circularity Award from American Chemistry Council is for implementing effective solutions using recovered and recycled OBP
SABIC
Data is our new feedstock: The future of chemical manufacturing
SABIC’s digitalization has made major advancements in safeguarding the health of manufacturing assets
downstream
SABIC, OQ, KPI sign agreement for jointly owned petrochemical complex in Oman
The proposed petrochemical complex will consist of a steam cracker and derivative units and a natural gas liquid extraction facility
chemical industry
SABIC opens new industrial chemicals unit in Jeddah
The new factory will strengthen Saudi Arabia’s position as a source of safe plasticisers, which are widely used in manufacturing processes and plastic applications
Aramco
Sabic and Saudi Aramco team up for Poland petrochemical project
Sabic, Saudi Aramco and Poland’s PKN Orlen launch petrochemical joint venture
chemical industry
Saudi Arabia’s Sabic CEO Yousef Abdullah Al-Benyan resigns
Al-Benyan stepped down as chief executive officer as he takes on a new role as the Kingdom’s education minister
Energy
Saudi Arabia’s Aramco, SABIC ‘global leaders’ for blue hydrogen and ammonia production
The two companies received the world’s first TÜV certificate, marking a “major milestone” in the development
ADNOC
Why the GCC’s oil-rich nations are considering an energy transition in their long-term objectives
The slower spending pace in the short-term stems largely from regional energy companies being significantly more shielded than global peers’ to energy transition risks, an S&P Global Ratings report states
chemical producer
Chemical boom wanes for Aramco’s Sabic as supply woes bite
Chemical prices have soared this year as major economies recover from the coronavirus pandemic, and Sabic made its highest earnings in almost a decade in the second quarter
acquisition
Aramco’s giant chemicals deal starts to show signs of paying off
Last year’s $69 billion acquisition of a stake in Saudi Basic Industries Corp., as the chemicals maker is formally known, has helped drive a turnaround in Aramco’s business of converting oil into plastics and other products
Aramco IPO
Saudi Aramco to sell more assets in multi-billion dollar push
World’s largest oil company aims to generate ‘double-digit billions of dollars’, according to Abdulaziz Al Gudaimi, senior vice president for corporate development
Aramco IPO
Finance chief who steered Saudi Aramco through IPO to step down
Al-Dabbagh, 59, will reportedly join the company’s board and retain the chairmanship of Aramco’s chemicals subsidiary, Saudi Basic Industries Corp.
chemical manufacturing
Chemicals maker Sabic’s profit surges as global economy reopens
Net income was 4.86 billion riyals ($1.3 billion) compared with a loss of 1.05 billion a year ago, and more than double the level of the previous three-month period