Saudi Ministry awards feedstock to Sipchem-LYB joint venture
Sipchem and LyondellBasell (LYB) received a feedstock allocation from Saudi Arabia’s Ministry of Energy for a joint feasibility study on a world-scale mixed feed cracker complex. Sipchem holds 60 per cent and LYB 40 per cent. The project aims to produce petrochemicals, create jobs, and explore low-emission technologies. Both firms emphasise sustainability and economic growth in Saudi Arabia.
Sipchem and LyondellBasell (LYB) received a feedstock allocation from Saudi Arabia’s Ministry of Energy for a joint feasibility study on a world-scale mixed feed cracker complex.
Sipchem holds 60 per cent and LYB 40 per cent.
The project aims to produce petrochemicals, create jobs, and explore low-emission technologies.
Both firms emphasise sustainability and economic growth in Saudi Arabia.
