Isopropyl Alcohol (IPA) New Technology Development

Global Company For Downstream Industries (GDI) has received a prestigious entrepreneurship award from SABIC through its NUSANED™ program. The announcement was made during the Nusaned™ executive council’s sixth meeting in Riyadh on 24th December 2019.

This award was in recognition of the entrepreneurial achievement of developing a new technology for multi-purpose Isopropyl Alcohol (IPA) Production, in cooperation with the German company “Evonik”. Serving diverse demands of applications and adding to the kingdom’s exports in line with Saudi 2030 Vision, the new technology will sustain the Saudi market to be a self-reliant for its needs.

Global Company for Downstream Industries (GDI) and Saudi Basic Industries Corporation (SABIC)

Global Company for Downstream Industries (GDI) and Saudi Basic Industries Corporation (SABIC), a global leader in diversified Chemical Companies, signed a Memorandum of Understanding (MoU) for a long-term supply of 150 KTA Pyoil to the Rufayah Project. The agreement also will include a long-term product supply to SABIC.

The MoU was signed during SABIC launch of its local content initiative “Nusaned” and the cooperation is expected to diversify the kingdom offerings, localize many of the imported specialty and fine chemicals and enable further downstream industries. The Rufayah project is planned to start up Q3 2021.