Sipchem and Linde sign initial terms for strategic partnership in Kingdom of Saudi Arabia
Wednesday, December 04, 2019
Back to News List
Sahara International Petrochemical Company (Sipchem) and Linde announced on Tuesday, December 3rd 2019 that they have signed initial terms to establish a strategic partnership for the supply of industrial gases, to meet growing demand from the refining and chemical industries in the Kingdom of Saudi Arabia.
The primary focus of the partnership, which is expected to become operational in 2020, will be the connection via pipeline of existing hydrogen and syngas plants owned by the two parties in Jubail Industrial City, and the development of new production facilities to supply carbon monoxide, hydrogen, syngas and associated gases in industrial clusters in the Kingdom. The partnership will leverage the strengths and footprints of both companies to offer best-in-class solutions primarily to the refining and chemical industries.
From his side , Eng. Saleh Bahamdan ; CEO emphasized that Sipchem is eager to expand its operations to fulfil the growing demand from national refiners and petrochemical plants in the Kingdom. This partnership has the potential to blend stable returns with long-term supply commitments, offering us the opportunity to manage the typical cyclicality of the petrochemical industry.”