Saudi Chemical subsidiary gets gas allocation letter from Energy Ministry

27/02/2023 Argaam
Logo ofSaudi Chemical Co. Holding (SCCH)

Logo of Saudi Chemical Co. Holding (SCCH)

Saudi Chemical Co. Holding (SCCH) subsidiary Saudi Chemical Co. Ltd., in partnership with a local company, received a gas allocation letter from the Ministry of Energy to establish a facility for the production of nitric acid and ammonium nitrate.  

 

The facility’s annual production capacity for nitric acid will be 440,000 tons, and for ammonium nitrate will be 300,000 tons, SCHC said in a statement to Tadawul.  

 

The project is the first of its kind in the region. It provides the raw materials required for several downstream industries in local markets, mainly civil and military explosives, fuel of missiles and rockets propellants, smelting salts used in the production of solar panels, in addition to some pharmaceuticals.  

 

The financial impact of this announcement cannot be determined at present, the statement noted, adding that any future developments will be announced. 

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