IBN HAYYAN PLASTIC Products Company (TAYF), an affiliate of Saudi Basic Industries Corporation (SABIC) and Albemarle Corporation signed an agreement recently to form a 50/50 joint venture,
Saudi Organometallic Chemicals Company (SOCC), to build a world-scale
QATAR PETROLEUM INTERNATIONAL signed a series of agreements to acquire two Singapore chemical joint ventures from Royal Dutch Shell PLC.
THERE ARE MANY players both domestic and international in the field, and they learned about Saudi Aramco’s strategies for feedstock increases and the plans for industrial parks near company facilities to boost private-sector activity and private-sector jobs.
THE DOW CHEMICAL Company Chairman and CEO, Andrew Liveris, has said the recent decision by Dow’s partners in Kuwait to abandon the terms of its Joint Venture Formation Agreement (JVFA) will not deter the company from pursuing its strategy.
THE CHEMICALS INDUSTRY faces a difficult period with the combined strain of plunging demand and frozen credit markets taking their toll as the global economy continues to struggle. The world's third-largest petrochemical company, LyondellBasell, recently filed for bankruptcy, while many other chemical companies have closed factories, reduced their workforces and withdrawn from deals so they can stay afloat.