|05 December, 2019

Saudi Sipchem, Linde ink strategic partnership agreement

The aim of the agreement is to meet the growing demand from the refining and chemical industries in Saudi Arabia.

Sipchem's corporate logo is seen at the main reception of their headquarters, in Khobar, Saudi Arabia, May 12, 2019.

Sipchem's corporate logo is seen at the main reception of their headquarters, in Khobar, Saudi Arabia, May 12, 2019.

REUTERS/Hamad I Mohammed

Riyadh –  Sahara International Petrochemical Company (Sipchem) and Linde have signed initial terms to establish a strategic partnership for the supply of industrial gases, according to a statement to the Saudi Stock Exchange (Tadawul).

The aim of the agreement is to meet the growing demand from the refining and chemical industries in Saudi Arabia.

The primary focus of the partnership, which is expected to become operational in 2020, will be the connection via a 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.

Moreover, the partnership will leverage the strengths and footprints of both companies to offer best-in-class solutions primarily to the refining and chemical industries, the statement noted.

The agreement’s terms shall be valid until the end of March 2020.

Source: Mubasher

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