FibeRio, the developer and manufacturer of ground breaking Forcespinning® nanofiber production systems today announced it has completed a $13M capital raise led by two global strategic investors - SABIC Ventures B.V., Saudi Basic ...
FibeRio, the developer and manufacturer of Forcespinning® nanofibre production systems, has raised $13 million in capital from two global strategic investors. The investors are SABIC Ventures B.V., Saudi Basic Industries ...
SABIC is all set to add new Bimodal high density polyethylene (HDPE) grades to its portfolio, targeted primarily for the producers of blow molded bottles for household and industrial chemicals and for personal care. The Saudi Arabian ...
Tags: bottles, jerry cans, SABIC
The Kingdom of Saudi Arabia has a huge petrochemical industry, but it has not translated into growth of downstream textile industry in the country. By 2015, the overall output of Saudi petrochemical industry is likely to cross 80 ...
Tags: Saudi Arabia, petrochemical industry, textile industry
Workers at SABIC's Geleen petrochemicals site in the Netherlands are proceeding to strike after failing to reach a new labor agreement with the management, company and union sources said Tuesday. SABIC has around 1,850 staff at Geleen, ...
Tags: SABIC, labor agreement, strike
The European monoethylene glycol January contract price was fully settled Wednesday at Eur1,068/mt ($1,422/mt) FD NWE, industry sources said Thursday. This represents an increase of Eur20/mt on December. The initial settlement ...
Tags: monoethylene glycol, Europe, monoethylene glycol price
The European physical naphtha market and forward spreads have come under heavy pressure in recent days as weak LPG values have led some petrochemical end-users to turn their attentions to cracking propane, traders said Friday. Platts ...
Tags: naphtha, LPG, propane, petrochemical
Saudi Arabia-based petrochemical company SABIC has joined forces with Mauser to develop a new high density polyethylene (HDPE) grade to address the demands required for large containers used in healthcare applications. The new HDPE ...
Tags: SABIC, Mauser, HDPE grade, containers
Reuters reported that 5 international engineering firms have bid to build 50,000 tonnes per year polyacetal plant at Ibn Sina an affiliate of Saudi Basic Industries Corporation. SABIC said in 2010 the project, producing a plastic which is ...
Tags: polyacetal plant, plastic waste, steel construction, car industry
Mr Mahmood Hashim Al Kooheji chairman of Alba's Board said that Aluminium Bahrain BSC remains on target to exceed the 2011 production of 881,310 MT while at the same time focusing on future growth strategies. Mr Mahmood Hashim Al Kooheji ...
German industrial packaging producer Mauser Group is all set to launch its new plastic tight head drum,Mauser L-Ring Drum H-Care,which has been designed specifically to address the packaging needs of healthcare industry. Mauser addresses ...
Tags: industrial packaging, Mauser Group, Mauser L-Ring Drum H-Care
Saudi Aramco is "diligently" exploring shale gas reserves in Saudi Arabia, however uncertainty reigns over whether such reserves could be tapped by petrochemical companies, top officials from the country's petrochemicals industry said ...
The Saudi Basic Industries Corporation (SABIC) has announced a net profit of SR 6.31 billion for Q3 2012, as against SR 8.19 billion in the same period last year, a decrease of 23 percent, and an increase of 19 percent as against SR 5.30 ...
Tags: Basic Industries, profit, SABIC profit
Saudi Basic Industries Corporation plans seriously to expand its investments in China through the implementation of new expansion at the JV project, (SABIC Sinopec), in Tianjin owned equally between the two sides. Mr Mohamed Al Mady vice ...
Tags: SABIC, Sinopec, petrochemical
According to new research by the Gulf Petrochemicals and Chemicals Association, the Gulf petrochemicals sector added 34,564 jobs between 2010 and 2011 an increase of 11%. According to a new GPCA publication, GCC Petrochemicals & ...