Aramco to acquire a 40% stake in Gas & Oil Pakistan

18-Dec-2023 - Aramco signed definitive agreements to acquire a 40% equity stake in Gas & Oil Pakistan Ltd. (“GO”). GO, a diversified downstream fuels, lubricants and convenience stores operator, is one of the largest retail and storage companies in Pakistan. The transaction is subject to certain customary ...

TotalEnergies, Aramco and SABIC Complete MENA Region’s First Processing of Oil From Plastic Waste at Scale to Make Certified Circular Polymers

20-Jul-2023 - TotalEnergies, Aramco and SABIC have for the first time in the Middle East and North Africa successfully converted oil derived from plastic waste into ISCC+ certified circular polymers. The plastic pyrolysis oil, also called plastic waste derived oil (PDO), was processed at the SATORP refinery ...

Aramco and Linde Engineering to develop ammonia cracking technology

17-Mar-2023 - Aramco and Linde Engineering announced that they have signed an agreement to jointly develop a new ammonia cracking technology. The collaboration between the two companies will combine Linde Engineering and Aramco’s experience and capabilities in industrial research and development, lower-carbon ...

Aramco affiliate S-OIL to build one of the world's largest petrochemical crackers in South Korea

The $7 billion project aims to convert crude oil into petrochemical feedstock: Technology increases chemical yield and reduces operating costs

18-Nov-2022 - Aramco is making its biggest ever investment in South Korea to develop one of the world's largest refinery-integrated petrochemical steam crackers through its S-OIL affiliate, in line with the company's strategy to maximize the crude to chemicals value chain. The $7 billion Shaheen project aims ...

Saudi Aramco advances global chemicals strategy with S-Oil expansion project in Ulsan, South Korea

01-Jul-2019 - Saudi Aramco is advancing its global chemicals growth strategy with the inauguration of S-Oil’s new Residue Upgrading Complex and Olefin Downstream Complex. The new facilities feature the latest refinery technologies, which have raised S-Oil’s petrochemical portion from 8% to 13% and includes ...

LANXESS completes sale of ARLANXEO to Saudi Aramco

Cologne-based company received proceeds of around EUR 1.4 billion

02-Jan-2019 - Specialty chemicals company LANXESS completed the sale of its remaining 50 percent interest in the rubber company ARLANXEO to Saudi Aramco. All relevant antitrust authorities have granted the necessary approvals for the transaction announced in August 2018. Upon completion of the transaction, the ...

LANXESS plans to sell remaining 50 percent stake in joint venture ARLANXEO

Joint venture valued at EUR 3.0 billion

09-Aug-2018 - Specialty chemicals group LANXESS plans to sell its remaining 50 percent stake in ARLANXEO to its joint venture partner Saudi Aramco. The two companies, that founded ARLANXEO in 2016 as a 50:50 joint venture for synthetic rubber, signed a respective agreement. The transaction is still subject to ...

LANXESS and Saudi Aramco complete joint venture deal

Composition of ARLANXEO’s Shareholders’ Committee announced

05-Apr-2016 - On April 1, 2016, specialty chemicals company LANXESS and Saudi Aramco have completed the formation of their 50-50 joint venture for synthetic rubber, ARLANXEO. The deal was first announced in September 2015, and all relevant antitrust authorities had cleared the transaction by February ...

LANXESS and Saudi Aramco create joint venture for synthetic rubber

LANXESS plans to leverage the deal for growth, debt reduction and share buy backs

23-Sep-2015 - The specialty chemicals company LANXESS and Saudi Aramco plan to establish a joint venture for synthetic rubber. LANXESS and Saudi Aramco subsidiary, Aramco Overseas Company, will each hold a 50 percent interest in the joint venture, with annual sales of approximately three billion Euro in 2014. ...

Solvay to form joint venture with Sadara to build hydrogen peroxide plant in Saudi Arabia

01-Aug-2011 - Solvay announced that it has the intention to create a 50/50 joint venture with Sadara Chemical Company (itself a planned joint venture of Saudi Arabian Oil Company (Saudi Aramco) and The Dow Chemical Company (Dow)) for the construction and operation of a Hydrogen Peroxide Plant in Jubail ...