Downstream petrochemical news

The chemical industry technology research company was founded in 1999 and today plays an important role in catalysis R&D.

A further development in the company’s relationship with Sinochem, Wood will provide project management and EPCM services.

The 105 000 bpd RHDS unit started up in May 2018 and passed performance guarantees in December 2018.

Figures show healthy performance in the chemical and refining industries with a 12% increase in revenue.

The company will provide engineering and concept design work exploring carbon capture in gas power and industrial settings.

As part of Saudi Vision 2030, the company aims to improve health and safety while growing its downstream capacity.

Over US$200 billion is to be invested in the industry, according to Wood Mackenzie Senior Vice President Chemicals, Steve Zinger.

To satisfy future demand for carbon fibre reinforced composites and 3D printing materials, the company is strengthening its production capacity.

Research by Reports and Data has found that the market will reach US$34 billion by 2026.

Another development in ADNOC’s strategy of expanding its petrochemical business, OMV plan further collaboration with the UAE company.