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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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. ...

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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 ...

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27-May-2011

The Kingdom of Saudi Arabia is the largest economy in the Middle East. Growth is driven by the expansion of the refining and petrochemical industries and the development of infrastructure projects. Air Liquide announces new successes in this growth region. Saudi Aramco and Air Liquide Arabia ...

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17-Nov-2009

ExxonMobil and its partners, Sinopec, Fujian Province and Saudi Aramco, celebrated the full operation of China’s first integrated refining and petrochemical facility with foreign participation. This facility, the Fujian Integrated Refining and Ethylene Joint Venture Project, will help meet the ...

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