Chemanol Acquires Stakes in Saudi Chemical Companies
Methanol Chemicals – known as Chemanol – a Saudi Arabian producer of methanol and derivatives, has signed agreements to acquire controlling stakes in two compatriot chemical companies.
derivatives
Ta’ziz Partners with Three Firms on Ammonia Project
Abu Dhabi Chemicals Derivatives, also known as Ta’ziz, has signed a shareholder agreement with fertilizer producer Fertiglobe, gas provider GS Energy and Japanese trading group Mitsui & Co to develop a 1 million t/y low-carbon ammonia plant at its proposed industrial chemicals complex in Ruwais, Abu Dhabi.
SABIC, OQ and Kuwait Petroleum Partner on Duqm Project
SABIC, OQ and Kuwait Petroleum International (KPI) have agreed to jointly develop a petrochemical complex in Duqm, Oman, reviving a project that stalled in late 2020 because of the coronavirus pandemic.
ADNOC and ADQ Plan Chemical Projects in Abu Dhabi
Ta’ziz, a joint venture between Abu Dhabi National Oil Company (ADNOC) and compatriot holding company ADQ, will invest more than $5 billion in seven chemical anchor projects and related infrastructure within the planned Ruwais Derivatives Park in Abu Dhabi.
