SIPCHEM announces the signing of CO2 supply agreement with SASREF

19/07/2017 09:54 AST

Saudi International Petrochemical Company (Sipchem) announces the signing of a long-term Agreement with Saudi Aramco Shell Refinery Company (SASREF) on July 18, 2017 for supplying its affiliate International Methanol Company (IMC) with Carbon Dioxide (CO2). Carbon Dioxide is an added feedstock which, is part of IMC Efficiency Enhancement Project, announced earlier on December 8, 2016.

The signing of the agreement is a continuation of Sipchem efforts to utilize all available resources in the Kingdom through effective partnerships to maximize the added value of the company's products and increase the efficiency of its operations and its competitiveness. The agreement also demonstrates the commitment of both parties to the environment by reducing carbon dioxide emissions.

The financial impact for this agreement will reflect positively on 1st Q 2019 financial statement as IMC will begin to benefit from the supply of carbon dioxide during the first quarter of 2019.


Tadawul

News

Sipchem MANAR seals analytical services deal

08/02/2018

SAUDI International Petrochemical Company (Sipchem) announced that its Technology and Innovation Center (MANAR) has signed a technical services agreement with Everspring Middle East WLL. for the prov

Saudi Gazette

Saudi Sipchem mulls US shale venture in first foreign foray

31/01/2018

Saudi International Petrochemical Co. is considering investing in the US shale industry in what would be the company’s first foreign venture as it faces higher costs and a shortage of feedstock at ho

Gulf News

New Hawk Jets Platforms Manufactured by Saudi Arabia

11/10/2017

Saudi International Petrochemical Company (Sipchem) announced on Monday that it finished the manufacturing of 18 platforms for Hawk jets, alongside its ground equipment.

The manufacturing

Asharq Al-Awsat

Most Viewed Companies

Ticker Price Volume
SABIC 114.77 5,915,941
SAMBA 26.98 1,138,683

Valuation

SIPCHEM Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
SABIC 114.77 0.02 (0.01%)
MAADEN 53.50 0.77 (1.46%)
YANSAB 71.78 1.14 (1.61%)
SAFCO 69.21 0.79 (1.15%)
KAYAN 13.87 0.06 (0.43%)

Recent News

SABIC-MCC joint venture starts output

05/04/2018

SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.

Saudi Gazette

S&P affirms QIB rating at A-

05/04/2018

Standard & Poor’s (S&P) has affirmed QIB’s Issuer Credit Rating at A-, Qatar’s leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB’s rating

Gulf Times

Qatar National Bank seeks growth in Southeast Asia

05/04/2018

Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told

The Peninsula

Doha Bank’s third Indian branch opens today

04/04/2018

Doha Bank has announced the official inauguration of its Chennai Branch, in the southern Indian state, will be held today. This is Doha Bank’s third city in India after its successful establishment o

The Peninsula

SHUAA to act as liquidity provider to Bank of Sharjah

04/04/2018

Bank of Sharjah said it has engaged SHUAA Capital International as liquidity providers for its shares and will commence the activity from April 4. SHUAA Capital International shall not hold more than

Gulf News

logo

Financial Information Co.

P.O. Box 69410, Riyadh 11547, Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2024, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap