Tuesday 31 March 2015
 
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petrochemical

Qatar firms to buy 49pc of China petchem stake for $5bn

Qatar's Qatra for Investment & Development (QID Group) and Hamad Bin Suhaim Enterprises have signed an initial deal to acquire 49 per cent of China's Shandong Dongming Petrochemical Group worth $5 billion, executives from the firms s

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Sipchem set to begin output at new plastics plant

A unit of Saudi International Petrochemical Company (Sipchem) will start commercial operations at its ethylene-vinyl acetate (EVA) and low-density polyethylene plant on Wednesday, Sipchem said. Last year, Sipchem started testing t

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Saudi Kayan extends olefins unit shutdown in Jubail

Saudi Kayan Petrochemical Co said it had extended the maintenance work on the olefins plant at its petrochemicals complex in Jubail after a technical fault was discovered. In a bourse filing, the company said repairing the fault w

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GCC petchem industry adopting innovative strategies

Nearly 80 per cent of the GCC region’s major petrochemical and chemical producers have made innovation strategy a key business priority, according to a new survey by the Gulf Petrochemicals and Chemicals Association (GPCA).

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GCC petchem industry adopting innovative strategies

Nearly 80 per cent of the GCC region’s major petrochemical and chemical producers have made innovation strategy a key business priority, according to a new survey by the Gulf Petrochemicals and Chemicals Association (GPCA).

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Egypt to offer $10bn petroleum projects to investors

Egypt will highlight a total of 12 petroleum, petrochemicals and minerals projects worth $10 billion to potential global investors at an upcoming economic development summit in Sharm El-Sheikh, a report said. Egypt aims to boost l

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Kuwait Styrene posts $126m profit

The Kuwait Styrene Company (TKSC) recorded a net profit of $126 million for the fiscal year ending December 31, 2014, down $54 million compared to the previous year. TKSC board chairman Hadi Abul said: “As the only Kuwaiti p

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Al-Benyan named new Sabic CEO

Saudi Basic Industries Corp (Sabic) said on Sunday it has named Yousef Abdullah Al-Benyan as its new chief executive officer, replacing outgoing head Mohamed Al-Mady. Al-Benyan was named executive vice president of corporate finan

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Advanced Petrochemical to shut production for maintenance

Saudi Arabia's Advanced Petrochemical plans to shut its propylene and polypropylene plant in March for three weeks for scheduled maintenance, the company said. The plant, in Jubail on the Gulf coast of Saudi Arabia, will go off

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Equate begins work on new headquarters

Equate Petrochemical Company, Kuwait’s first international petrochemical joint venture, today held the groundbreaking ceremony for its new headquarters in Ahmadi City. The event was held under the patronage of Ahmadi Governo

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