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Sipchem, SASREF ink primary hydrogen supply agreement

June 19/2019

MOSCOW (MRC) -- Sahara International Petrochemical Co (Sipchem) signed a hydrogen supply agreement with Saudi Aramco Shell Refinery Company (SASREF), said Refiningandpetrochemicalsme.

The agreement is to supply SASREF with the hydrogen gas that is required in SASREFs future production operations starting in 2020 for an initial term of twenty years.

Al-Saadoon, expressed his delight at the new agreement, indicated that this agreement is a result of the ongoing collaboration between the companies after signing the supply agreement for CO2 in 2017. Both companies will continue to jointly explore growth and site integration opportunities.

This agreement aligns with the Saudi 2030 Vision and the continuation efforts to utilise all available resources through effective partnerships to maximise the added value of the company's products and enhance its revenues.

According to Sipchems CEO, Abdullah Al-Saadoon, both companies will continue to jointly explore growth and potential site integration in the future.

As MRC informed earlier, Sahara Petrochemicals has announced that its current CEO, Salah Mohammed Bahmdan, will head up the new group that will be formed from its merger with Saudi International Petrochemical (Sipchem).
Author:Anna Larionova
Tags:petroleum products, petrochemistry, Crude oil, Sipchem.
Category:General News
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