Search Site

Trends banner

‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

SABIC signs pact with Aramco, PKN ORLEN

SABIC operates in the petrochemical, fertilizer, iron, steel and aluminum industries.
  • The agreement laid the first cornerstones towards a potential partnership with Aramco and PKN ORLEN in petrochemical production, said SABIC acting CEO.
  • In August, Aramco and SABIC Agro-Nutrients Company obtained the world's first independent certifications recognizing the production of blue hydrogen and blue ammonia.

Riyadh, Saudi Arabia— SABIC, one of the world’s leading diversified chemicals company, has signed a joint development agreement with Saudi Aramco and PKN ORLEN, the largest energy group in Poland, to jointly assess the technical and economic feasibility of establishing a petrochemical production project in Gdańsk, in Poland.

Acting CEO of SABIC, Eng. Abdulrahman bin Saleh Al-Fageeh said the company’s position and global presence in the chemicals sector contributed to providing innovative solutions that focus on customers in Europe and the world, adding that the joint development agreement laid the first cornerstones towards a potential partnership with Aramco and PKN ORLEN in petrochemical production.

In August, Aramco and SABIC Agro-Nutrients Company obtained the world’s first independent certifications recognizing the production of blue hydrogen and blue ammonia.

TUV Rheinland, a system testing, inspection and certification services provider based in Germany, awarded these certifications to SABIC Agri-Nutrients Company in Jubail, for its production of 37,800 tons of blue ammonia, and to Saudi Aramco Jubail Refinery Company.

SASREF, a wholly owned subsidiary of Saudi Aramco, produced 8,075 tons of blue hydrogen.