Page 161 - CW E-Magazine (20-8-2024)

Meetings & Conferences News from Abroad

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

160 Chemical Weekly August 20, 2024 Chemical Weekly August 20, 2024 161

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