Tag Archive

MHIENG Wins Order for Large-scale Polyethylene Plant in Texas

MHIENG Wins Order for Large-scale Polyethylene Plant in Texas

June 21, 2019 No Comments

Mitsubishi Heavy Industries Engineering, Ltd. (MHIENG), and Mitsubishi Heavy Industries America, Inc. (MHIA), a Group companies of Mitsubishi Heavy Industries, Ltd. (MHI) have received an order for construction of a large-scale polyethylene plant with annual production capacity of 1.3 million tonnes. The order derives from a joint project with the major U.S. construction firm, Zachry […]

ExxonMobil, SABIC to build petrochemical facility in Texas

ExxonMobil, SABIC to build petrochemical facility in Texas

June 13, 2019 No Comments

ExxonMobil and SABIC today announced the decision to proceed with the construction of a chemical facility and a 1.8 million metric ton ethane steam cracker in San Patricio County, Texas, leading to thousands of high-paying jobs and billions in economic output “Building the world’s largest steam cracker, with state-of-the-art technology, on the doorstep of rapidly […]

Wood awarded engineering contract by SABIC in Saudi Arabia

Wood awarded engineering contract by SABIC in Saudi Arabia

April 30, 2019 No Comments

Wood has secured a new contract with SABIC to deliver the engineering design for a world-class petrochemical research centre in the Kingdom of Saudi Arabia. Wood will provide conceptual, basic and detailed design engineering for SABIC’s new 65,000m² technology centre in Jubail Industrial City on Saudi Arabia’s east coast. The scope of work includes engineering […]

World’s Largest Oil Company And Petrochemical Company Merge

World’s Largest Oil Company And Petrochemical Company Merge

April 10, 2019 No Comments

The long awaited Saudi Aramco acquisition of Saudi Basic Industries Corporation (SABIC) is finally here. With a statement to the press, Aramco CEO Amin Nasser reported that Aramco has acquired a 70 percent stake in SABIC, with an estimated value of $69.1 billion. Aramco’s CEO Nasser reiterated that the “deal is a major step in […]

Saudi Aramco to acquire 70% majority stake in SABIC

Saudi Aramco to acquire 70% majority stake in SABIC

April 2, 2019 No Comments

Saudi Aramco announced the signing of a share purchase agreement to acquire a 70% majority stake in Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund of Saudi Arabia, in a private transaction for SAR 259.125 billion (or SAR 123.39 per share), which is equivalent to USD $69.1 billion. The remaining 30% publicly traded […]

Eni and SABIC to produce high value fuels and chemicals

Eni and SABIC to produce high value fuels and chemicals

February 11, 2019 No Comments

Eni and SABIC signed a Joint Development Agreement to further develop an innovative technology for natural gas conversion into synthesis gas that can be further transformed into high value fuels and chemicals, such as methanol. The partnership will involve, among other activities, the construction of an Industrial Demonstration Plant that will be built and operated […]

ExxonMobil to Open New Crude Unit as Part of Beaumont Refinery Expansion

ExxonMobil to Open New Crude Unit as Part of Beaumont Refinery Expansion

January 30, 2019 No Comments

ExxonMobil said that it has reached a final investment decision and started construction on a new unit at its Beaumont, Texas refinery that will increase crude refining capacity by more than 65 percent, or 250,000 barrels per day. The third crude unit within the facility’s existing footprint will expand light crude oil refining, supported by […]

Wood wins new contract with Saudi Aramco and SABIC

Wood wins new contract with Saudi Aramco and SABIC

March 13, 2018 No Comments

Wood has been selected to develop the world’s largest fully integrated crude oil to chemicals (COTC) complex in the Kingdom of Saudi Arabia, on behalf of Saudi Aramco and SABIC as the first PMC contractor. The company will provide front end engineering design (pre-FEED and FEED) and project management services during the engineering, procurement and […]

Shell completes SADAF chemicals sale to SABIC for $820mn

Shell completes SADAF chemicals sale to SABIC for $820mn

August 16, 2017 No Comments

Shell has completed the sale of its 50% share in SADAF, the petrochemicals joint venture, located in Al Jubail, in the Kingdom of Saudi Arabia to SABIC for $820 million. This sale was announced on 22 January 2017. Completion follows anti-trust filings in the relevant countries and regulatory approval from the Kingdom of Saudi Arabia. […]

Wood Group secures new UK contract with petrochemical manufacturer SABIC

Wood Group secures new UK contract with petrochemical manufacturer SABIC

August 19, 2016 No Comments

Wood Group has been awarded a new contract by petrochemical manufacturer SABIC, in the UK. Engineering design services will be provided to the SABIC Teesside complex in Wilton, UK under the contract, which is effective immediately. The contract, which will be delivered by Wood Group’s operations in Woking, extends the company’s support of SABIC globally; […]

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