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Saudi Basic Industries Corporation (SABIC) sign’s numerous MOU’s with Global Company for Downstream Industries (GDI)

On 13th of December 2018 during the Nusaned Ceremony at SABIC HQ, Saudi Basic Industries Corporation (SABIC) and the Nusaned Initiative team and Global Company for Downstream Industries (GDI) sign’s several Memorandum of Understanding (MOU). Nusaned Program an initiative of SABIC, support local investors and promoting downstream and localization projects.

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.

Global Company for Downstream Industries (GDI) won the “Best SMEs excellence award” honor at the In Kingdom Total Value Add (IKTVA) Excellence Awards program a part of Saudi Aramco’s value creating contribution to Saudi Vision 2030 and the National Transformation Program.

Global Company for Downstream Industries (GDI) and its subsidiaries Rufayah Chemicals Company (RCC), Global Company for Chemical Industries (GCI), Addar Chemicals Company (ACC) and Global Company for Thermal Chemicals (GTC) attended the first Middle East Specialty Chemicals (ME-SPEC) event took place at Bahrain International Exhibition.

Sadara Chemical Company (Sadara) and Rufayah Chemicals Company (RCC), a Saudi downstream company, have recently signed a long-term partnership agreement through which Sadara will supply RCC with Aromatics Concentrate (Pygas) and Pyoil, generated from cracking naphtha, to be used by RCC in a new chemical complex planned for PlasChem Park, a collaborative effort between Sadara and the Royal Commission for Jubail and Yanbu (RCJY). The supply agreements will cover a period of 20 years.