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SABIC to start marketing Sadara products from July

March 31/2021

MOSCOW (MRC) -- SABIC, a global leader in diversified chemicals, has announced that it will begin marketing Aramcos allocation of Sadara Chemical Company (Sadara) products, more consistent with Aramcos equity ownership of the joint venture, beginning July 1, 2021, said the company.

The change is the result of an agreement between SABIC, Aramco, Sadara and The Dow Chemical Company (Dow), and aligns with the strategic positioning of SABIC as the chemicals arm of Aramco, which acquired a 70% stake in SABIC last year.

Sadara represents a unique alliance between Aramco and Dow. The realignment of marketing responsibilities relates to a number of products in several phases, which include a range of chemicals, polyethylene and functional chemicals.

By marketing Aramcos allocation of Sadara products, SABIC expects to drive further supply chain efficiencies, strengthen its brand and combined product and services offering, and help to maintain competitive preference in the global chemicals industry. Customers can expect to benefit from improved product range and availability, ordering and points of sale, supply chain, shipping reliability, and after-market services and solutions.

As per MRC, BASF, SABIC and Linde have signed an agreement to jointly develop eco-friendly, electrically heated steam cracker furnaces. The partners have already jointly worked on concepts to use renewable electricity instead of the fossil fuel gas typically used for the heating process. With this innovative approach focusing on one of the petrochemical industries' core processes, the parties strive to offer a promising solution to significantly contribute to the reduction of CO2 emissions within the chemical industry.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 2,220,640 tonnes in 2020, up by 2% year on year. Only shipments of low density polyethylene (LDPE) and high density polyethylene (HDPE) increased. At the same time, polypropylene (PP) shipments to the Russian market reached 1 240,000 tonnes in 2020 (calculated using the formula: production, minus exports, plus imports, excluding producers" inventories as of 1 January, 2020).
Author:Anna Larionova
Tags:petroleum products, crude oil, PP, PE, neftegaz, petrochemistry, Aramco, BASF, Sabic, Sadara Chemical, Saudi Aramco.
Category:General News
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