Petrochemicals

The R&.D center will focus on the development of petrochemical products. materials. and energy efficiency.

The investments could help Saudi Arabia regain its place as the top oil exporter to China.

Both the sides agreed to establish a JWG aiming to exchange information.

The Dimethyl Carbonate Ammonium Hydroxide is used as a solvent in adhesives and paints industry.

Aramco’s planned acquisition of SABIC is expected to involve buying all or nearly all of the 70 percent stake in the chemicals company.

Aramco is the world’s most important and most valuable oil company.

The expected investment of US$175 million will be funded by the JV.

The move comes as it seeks to finance the acquisition of petrochemical giant Sabic.

The two chemical compounds are used largely in the manufacture of synthetic rubber.

The activities carried out in the special economic zone of the energy consuming industry of Parsian are significant in the petrochemical sector.