Activities
Saudi International Petrochemical Company (SIPCHEM) was established in 1999with its industrial plant located in Jubail. The company was listed on the Saudi Stock Market in 2006,with a paid-in capital of SR 500 million, and has key production units in Jubail, Riyadh and Hail. Today, SIPCHEM is an internationally recognized chemical manufacturer, currently manufacturing and marketing 2.4m tons/year of petrochemicals. The company produces basic chemical products like methanol, butanediol, carbon monoxide, and gamma butyrolactone. It also produces intermediate products, such as acetic acid, acetic anhydride, and is also known to be one of the major suppliers of Tetrahydrofuran and other specialty chemicals. In 2015, it opened its tenth research center in Dhahran Techno Valley,and has more than 37 labs to develop polymer technology in the KSA. The company has a vast network of clients in the construction, solvents, automotive, electronics, polymer, coatings, and pharmaceutical industries. The company continuously engages in community development too and has allocated 1% of its total annual profit to support its community service programs, which are in line with the corporate social responsibility of the company. The company also ensures EU Regulatory compliance of products exported to Europe. In 2013, both SIPCHEM and Sahara Petrochemicals started talks for a merger; however, the merger could not come through due to a lack of regulatory framework.
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