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Saudi Aramco to transfer petchem sales and marketing functions to SABICSaudi Aramco to transfer petchem sales and marketing functions to SABIC |
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Saudi Aramco and SABIC on 29 April 2021 announced the plans to realign the marketing and sales activities to boost efficiency that would add value to its customers worldwide.
Under the new plans, Sabic will assume the responsibility for the global sales and marketing of Saudi Aramco’s petrochemical products, including outputs from four major plants that Aramco owns stakes: Malaysia’s PrefChem, Saudi’s PetroRabigh, Saudi’s Sadara, and South Korea’s S-Oil.
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Company |
Location |
Plant |
Capacity (tons/year) |
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PetroRabigh |
Jubail, Saudi Arabia |
HDPE |
300,000 |
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LLDPE |
600,000 |
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LDPE/EVA |
160,000 |
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PP |
700,000 |
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Sadara |
Jubail, Saudi Arabia |
HDPE/LLDPE |
600,000 |
|
mPE |
200,000 |
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LDPE |
350,000 |
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PrefChem |
Malaysia |
PP |
900,000 |
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HDPE |
400,000 |
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LLDPE |
350,000 |
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S-Oil Corp. |
South Korea |
PP |
405,000 |
Aramco Trading Company (ATC) – a subsidiary of Saudi Aramco will focus on the sales and marketing of fuel products for both Saudi Aramco and Sabic.
The realignment plans are intended to carry out in phases throughout the year 2021, subjected to necessary consents being obtained.
In June 2020, Saudi Aramco took over 70% of the stakes in SABIC from Public Investment Fund (PIF) that worth $69.1 billion.
Country
Saudi Arabia
