Saudi Basic Industries Corporation (Sabic), a global petrochemicals giant, said its key affiliate, Yansab, has undertaken a major turnaround for long-term plant integrity in full compliance with its strict health, safety and reliability protocols.
Saudi Authority for Industrial Cities and Technology Zones (Modon) and General Electric (GE) Saudi Arabia have signed an agreement whereby GE factories spread over 120,000 sq m in the Eastern Region will come under Modon supervision, a report said.
The growing demand for plastics is driving global oil and gas demand and it is expected to offset reductions due to the transition away from fossil fuel. By 2050, 20% of global oil demand will go into the production of petrochemicals. [Gas in Transition, Volume 3, Issue 1]