- April 17, 2025
Descon Engineering Arabia has secured its first major contract in Saudi Arabia, a multi-year General Engineeri ..Read More
Descon Engineering Arabia has secured its first major contract in Saudi Arabia, a multi-year General Engineering Services (GES) agreement with TASNEE. Over the next three years, Descon will deliver Basic Engineering, FEED, and Detailed Design services to support TASNEE's key projects and development initiatives. This marks a significant milestone in Descon’s strategic growth in the Kingdom.
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- March 24, 2025
Alghanim International, Kuwait, has been awarded a $1 billion EPC contract for Project Volta, a new cogenerati ..Read More
Alghanim International, Kuwait, has been awarded a $1 billion EPC contract for Project Volta, a new cogeneration utilities plant in Abu Dhabi, by TAQA Group and ADNOC Group. The project will supply utilities to petrochemical plants at TA’ZIZ’s derivatives complex, introducing new petrochemical products to the UAE market. Alghanim International, known for large-scale energy projects across the region, aims to contribute to Abu Dhabi’s industrial growth with its engineering expertise and innovation.
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- March 06, 2025
Petro Rabigh and Rossari International Limited have signed an MoU under the Ministry of Energy’s patronage t ..Read More
Petro Rabigh and Rossari International Limited have signed an MoU under the Ministry of Energy’s patronage to explore Propoxylates and Ethoxylates manufacturing in Rabigh. The collaboration aims to strengthen Saudi Arabia’s specialty chemicals industry by supporting local production, reducing import dependency, and driving innovation in sectors like construction and personal care. Aligned with Vision 2030, the initiative will enhance industrial self-sufficiency and contribute to the Kingdom’s economic growth.
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- March 06, 2025
MAIRE’s NEXTCHEM, through its subsidiary NextChem Tech, has secured a three-year contract from SATORP (a Sau ..Read More
MAIRE’s NEXTCHEM, through its subsidiary NextChem Tech, has secured a three-year contract from SATORP (a Saudi Aramco-TotalEnergies JV) to provide engineering and technology services for the Sulphur Recovery Complex at SATORP’s Jubail refinery. The scope includes process advisory, operational troubleshooting, energy efficiency improvements, and carbon footprint reduction for the Sulfur Recovery Unit, Amine Regeneration Unit, and Sour Water Stripper. This contract strengthens NEXTCHEM’s role as a leader in sustainable technology and enhances its collaboration with SATORP, following TECNIMONT’s Amiral project award in June 2023.
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- March 04, 2025
ADNOC and OMV have agreed to merge their shareholdings in Borouge and Borealis, forming Borouge Group Internat ..Read More
ADNOC and OMV have agreed to merge their shareholdings in Borouge and Borealis, forming Borouge Group International, a $60+ billion global polyolefins leader. ADNOC will also acquire Nova Chemicals for $13.4 billion, expanding its North American presence. The new entity, headquartered in Austria with regional hubs in the UAE, Canada, and Singapore, will have a 13.6 mtpa polyolefins capacity and be listed on ADX. ADNOC and OMV will each hold 46.94% stakes, with up to $4 billion capital raise planned in 2026. The deal is expected to close in Q1 2026, targeting $500 million in synergies and strong dividend policies.
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- February 03, 2025
TA’ZIZ has awarded a $1.7 billion EPC contract to SAMSUNG E&A to build one of the world’s largest methanol ..Read More
TA’ZIZ has awarded a $1.7 billion EPC contract to SAMSUNG E&A to build one of the world’s largest methanol plants in Al Ruwais Industrial City, Abu Dhabi, with a capacity of 1.8 mtpa. Set for completion in 2028, the plant will be powered by clean energy, enhancing UAE’s position in sustainable chemical production. In its initial phase, TA’ZIZ will produce 4.7 mtpa of chemicals, including methanol, low-carbon ammonia, and PVC, advancing UAE’s economic diversification and industrial growth.
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- January 29, 2025
Basic Chemical Industries Company (BCI), Saudi Arabia, signed a €14.7 million contract with ThyssenKrupp to ..Read More
Basic Chemical Industries Company (BCI), Saudi Arabia, signed a €14.7 million contract with ThyssenKrupp to expand its chlor-alkali plant in Jubail. The project includes engineering, equipment supply, spare parts, and advisory services for commissioning and startup using membrane technology. The contract, which also includes a non-exclusive license, will be completed in 19 months.
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- January 28, 2025
Borouge Plc, UAE, announced $100 million in new supply agreements and collaborations to advance sustainability ..Read More
Borouge Plc, UAE, announced $100 million in new supply agreements and collaborations to advance sustainability and innovative materials. It signed deals with Bericap, Taghleef Industries, INDEVCO Group, and ALPLA to supply polyethylene and polypropylene for advanced packaging solutions. Borouge is also promoting circularity with a zero-waste strategy, including a collaboration with Tahzeem Packaging and Rebound to produce shipping sacks with 30% recycled polyethylene. These initiatives reinforce Borouge’s role in enhancing product durability, recyclability, and environmental impact reduction.
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