Petro Rabigh, Jiahua Chemicals ink MoU to explore establishing new plant

15/10/2024 Argaam
Logo ofRabigh Refining and Petrochemical Co. (Petro Rabigh)

Logo of Rabigh Refining and Petrochemical Co. (Petro Rabigh)

Rabigh Refining and Petrochemical Co. (Petro Rabigh) signed today, Oct. 15, a memorandum of understanding (MoU) with China-based Jiahua Chemicals Inc. to explore establishing in Rabigh a manufacturing plant for advanced products used in the construction and automotive sectors, under the Ministry of Energy’s patronage.

 

The plant will produce specialty chemicals derived from ethylene oxide and propylene oxide, which are deemed basic materials supplied by Petro Rabigh for the project, according to a Tadawul statement.

 

For more news and details on the projects

 

The company said the 12-month MoU has no related parties or financial impact from its signing.

 

This strategic cooperation aligns with Saudi Arabia's strategy to boost local production of specialty chemicals, reduce imports, and enhance manufacturing in the construction and automotive sectors, while also catering to the soaring demand from such industries.

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