Page 160 - CW E-Magazine (20-8-2024)

Meetings & Conferences
October 2024
2-3 | Jakarta, Indonesia
Monetizing Palm & Agri Waste
Feedstocks
Applications & Technologies
Centre for Management Technology
Pte. Ltd.
: Hafizah Adam
 : +65 6817 5744
 : Hafizah@cmtsp.com.sg
: Cmtevents.com/aboutevent.
aspx?ev=240925&
7-10 | Al Jubail, Saudi Arabia
1st GPCA Process Safety Conference
Gulf Petrochemical and Chemicals
Association (GPCA)
 : +971 4 451 0666 - Ext. 122
: Forumregistration@gpca.org.ae Constellar Holdings Pte. Ltd.
: Gpca.org.ae/conferences/psc/
8-10 | Milan, Italy
CPHI Milan
Informa Markets
: Nidhi Narain
: +31-20708 1600
 : N.narain@defacto.co.uk
: Cphi.com/europe/en/registration.html
November 2024
5-7 | Bangkok, Thailand
In-cosmetics Asia
Reed Exhibitions Limited
: Pallavi Oak
 : +91-22 6771 6607
: +91-99873 85741
: In-cosmetics.com/asia/en-gb.html
10-14 | Bangkok, Thailand
IFEAT 2024 Bangkok Conference
The International Federation of
Essential Oils and Aroma Trades
Ltd. (IFEAT)
 : +44-(0)-1707 245826
 : Contact@ifeat.org
: Conference.ifeat.org
12-13 | Coventry, UK
SCS Formulate
Society of Cosmetic Scientists
 : +44-(0)-1582 726661
160
Contents
 : Gem.bektas@scs.org.uk  : +65 6403 2160/+65 6822 2616
: Scsformulate.co.uk/  : Processinnovation@constellar.co
: Processinnovationapac.com/sg
13-15 | Kuala Lumpur, Malaysia December 2024
TZMI Congress 2024
TZ Minerals International Pty. Ltd. 2-5 | Muscat, Oman
: Tracey McBain 18th Annual GPCA Forum
 : Congress@tzmi.com Gulf Petrochemical and Chemicals
20-21 | Kuala Lumpur, Malaysia Association (GPCA)
10th ICIS Asian Surfactants Conference : Jhoanna Kilat
ICIS  : +971 4 451 0666 - Ext. 122
: Nicol Lange  : Forumregistration@gpca.org.ae
: Gpcaforum.com/
 : +020 7911 1393
 : Nicol.lange@icis.com 10-12 | Riyadh, Saudi Arabia
: Events.icis.com/website/14105 CPHI Middle East
Tahaluf “An Informa Company”
19-21 | Singapore : Menna Tarek
Process Innovation Asia-Pacifi c  : Menna.tarek@informa.com
: Cphi.com/middle-east/en/home.html
INDIA
R R
APRIL 2025
29 30
HALL 2, 3 & 6 | BEC | MUMBAI
Chemical Weekly August 20, 2024
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News from Abroad
AIDING TURNAROUND
Aramco to become majority shareholder in Petro Rabigh
Aramco, the Saudi government direct reduction in Petro Rabigh’s
owned energy and chemicals major, has liabilities. These measures are expec-
agreed to acquire an additional stake ted to improve Petro Rabigh’s balance
of approximately 22.5% in Rabigh sheet and cash liquidity as part of a
Refi ning and Petrochemical Co. (Petro remedial plan that Aramco and Sumi-
Rabigh), the refi ning and petrochemi- tomo Chemical intend to explore with
cal complex located on Saudi Arabia’s Petro Rabigh, which also includes initi-
west coast, from Sumitomo Chemical atives to upgrade the refi nery with
for $702-mn. the aim of helping improve the profi t-
fi nancial position, Aramco said. Under ability of the business. Mr. Hussain A.
Aramco and Japan’s Sumitomo the terms of the share sale and purchase Al Qahtani, Aramco Senior Vice Presi-
Chemical currently each own 37.5% of agreement, all proceeds received by dent of Fuels, said, “By increasing our
shares in Petro Rabigh, which was listed Sumitomo Chemical from the sale will shareholding, we expect to achieve
on the Saudi Exchange in 2008. Upon be injected into Petro Rabigh, through even closer integration with Petro
completion of the transaction, Aramco a mechanism to be agreed with Petro Rabigh and facilitate its turnaround
will become Petro Rabigh’s largest share- Rabigh. Aramco will also provide addi- strategy. We look forward to building
holder with an equity stake of approxi- tional funds to Petro Rabigh, via a on our existing relationship with Petro
mately 60%, while Sumitomo Chemical mechanism also to be agreed, matching Rabigh, in alignment with our strate-
will retain an equity stake of 15%. The the $702-mn from Sumitomo Chemical gic goals.”
agreement aligns with Aramco’s down- to improve Petro Rabigh’s fi nancial
stream expansion and Sumitomo Chemi- position and support Petro Rabigh’s Among other units, Petro Rabigh
cal’s move away from commodity chemi- future strategy, bringing the aggregate currently operates a 75-ktpa EPDM
cals toward speciality chemicals. injection amount to $1.4-bn. plant in Saudi Arabia. The company
also announced last year that it intended
The transaction, which is subject In addition, Aramco and Sumitomo to build a SAR100-mn (€25-mn) poly-
to customary closing conditions, is Chemical have agreed to a phased mer compounding site with a capacity
part of a package of fi nancial measures waiver of shareholder loans of $750-mn to produce 50-ktpa of polymer com-
intended to reinforce Petro Rabigh’s each, which will result in a $1.5-bn pounds, rubber and industrial waxes.
EXPANSION
Nippon Shokubai raising SAP capacity in Indonesia
Japanese chemicals fi rm, Nippon The company said the decision to
Shokubai, is expanding capacity of its expand SAP capacity will help take
superabsorbent polymers (SAP) plant advantages of its “strength from the
operated by its Indonesian arm, PT. vertically integrated production from
Nippon Shokubai Indonesia (NSI), by acrylic acid to SAP to meet the strong
50,000-tpa to a total of 140,000-tpa. demand growth in Asian region and the
The expansion, involving investment expectation for synergistic effect with
of around $110-mn, is expected to be the existing plant.”
operationalised by July 2027. rapidly. Nippon Shokubai manufac-
tures SAP as well as its key raw material, Nippon Shokubai said it is also
SAP, one of Nippon Shokubai’s acrylic acid, at the Indonesian faci- considering stopping some of its old
core businesses, has seen steady growth lity. In May last year, the company had SAP facilities with relatively low pro-
in demand as a key material for diapers, expanded NSI’s acrylic acid production ductivity in Himeji (Japan) to optimise
particularly in the regions where the capacity by 100,000-tpa to a total of its global SAP supply network in
populations are anticipated to increase 240,000-tpa. future.
Chemical Weekly August 20, 2024 161