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May 31, 2021
Minister of Industry and Mineral Resources Bandar Bin Ibrahim Al-Khorayef
RIYADH The Minister of Industry and Mineral Resources Bandar Bin Ibrahim Al-Khorayef has issued a decision to establish a Sustainability Council for the industry and mineral resources system aimed at achieving environmental sustainability in the industrial and mining sector.
The new council will be headed by Deputy Minister of Industry and Mineral Resources for Mining Affairs Khalid Bin Saleh Al-Mudaifer, and the membership of advisor Ahmed Bin Muhammad Ajab Nour as secretary-general of the Council, and representatives from 7 parties.
Al-Mudaifer emphasized that the newly formed Council aims to unify the efforts of the industry and mineral resources to achieve sustainability goals, enhance the competitiveness and diversity of national industries, as well as improve sustainability indicators for industry and mining communities.
Sadara Chemical Company, and SADIG Industries and ILCO Chemicals (SADIG-ILCO), a Saudi-German joint venture focused on the manufacture of a wide range of specialty chemicals, have signed long-term agreements, through which Sadara will supply feedstock chemicals to SADIG-ILCO’s future chemical manufacturing facility in Jubail’s PlasChem Park. This 20-year contract follows a successful primarily agreement that was signed previously between the companies.
The new agreements were signed by Sadara’s CEO Dr. Faisal Al-Faqeer, SADIG Industries’ managing director Ahmed Alubaid and ILCO Chemicals’ technical executive officer Dr. Corvin Volkholz, during a formal ceremony at Sadara’s Business Complex, in Jubail Industrial City, in the presence of Dr. Abdulrahman Alubaid, co-founder of SADIG Industries, and Turki Al-Mady, Dussur’s chief investments officer.
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