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Sipchem targets $6.6b projects under government Shareek program


RIYADH: Saudi Arabian petrochemical and chemical manufacturing company Sipchem is studying SR25 billion ($6.6 billion) of projects with the Ministry of Energy in the next decade through the Shareek Program, CEO Abdullah Saif Al-Saadoon said.
Saudi Arabia launched the SR12 trillion Shareek Program in March to boost the role of the private sector in diversifying the economy, increasing resilience and supporting sustainable growth.
Saudi petrochemicals group said that month that Shareek would help it double capacity within the next 10 to 15 years.
Al-Saadoun said that Sipchem has signed an agreement with Germany’s Linde to expand into the industrial gases and clean energy sector through blue hydrogen, Al Arabiya reported. ....

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