Shell selling 50% SADAF stake to SABIC

Royal Dutch Shell PLC will sell its 50% interest in the Saudi Petrochemical Co. (SADAF) joint venture to Saudi Basic Industries Corp. (SABIC), its partner, for $820 million.

The joint venture agreement was to have expired in 2020.

The SADAF complex, on 460 acres in Jubail, Saudi Arabia, comprises an ethylene plant, two styrene plants, a salt plant, an ethyl chloride-caustic plant, a methyl tertiary butyl ether plant, and a cogeneration plant.

It produces an average of more than 4 million tonnes/year of chemicals from ethane, benzene, methane, butane, and salt brine.

SABIC and Shell formed the venture in June 1980. Ethylene production began in October 1984.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...