Rabigh Petrochemical and Logistic Alriyadh (Saudi-arabia)

Business overview

OUR COMPANY... Petro Rabigh’s History Saudi AramcO and Sumitomo Chemical started the Petro Rabigh Project with the aim of building integrated oil refining and petrochemical operations by way of upgrading Saudi AramcO’s oil refinery and constructing a new petrochemical complex. A joint venture agreement was signed between Saudi AramcO and Sumitomo Chemical in August 2005 and Petro Rabigh was established, an equally owned joint venture to run the Rabigh complex, in September of the same year. SUMITOMO CHEMICAL: The origins of Sumitomo Chemical can be traced back to 1913, when the company used sulfur dioxide emissions from a copper mine in the Shikoku region of Japan to produce calcium superphosphate fertilisers. In addition to helping preserve the environment by preventing the emission of pollutants, the company was thereby also able to contribute toward increasing the harvest of agricultural products. Sumitomo Chemical thus found its start with the solving of environmental problems and the goal of improving living standards. Although Sumitomo Chemical has diversified its operations over the years to keep abreast of the changing times, the company maintains the basic policy that its operations must not only profit itself but must also benefit society at large. Today, the Sumitomo Chemical Group employs 24, 600 people in 135 subsidiaries and 67 affiliates operating around the world. The company invests heavily in research and development, holding the patents for some of the word’s most advanced petrochemical technology. Business sectors are: •Basic chemicals•Petrochemicals & plastics•Fine chemicals•IT-related chemicals•Agricultural chemicals •Pharmaceuticals Construction commenced in March 2006, with a planned investment totaling US$ 9.8 billion – approximately 60% of which, or US$5.8 billion, was procured through project finance. In January 2008, Petro Rabigh held its initial public offering (IPO) on the Saudi Arabian stock exchange, and this changed the ownership of the company by Saudi AramcO and Sumitomo Chemical to 37.5% each. In October 2008, Saudi AramcO transferred its oil refinery to Petro Rabigh, and the newly completed Rabigh complex began operations in April 2009. A total of 4.5 million Saudi citizens participated in the IPO process, covering the share value by 5 folds.

Industry Leather
Business Type Manufacturers, Service Provider & Exporter/Importer
Establishment Year 2006
Firm Type Organization
Expand Level Local

Products & Services

Warehouseing and Logistic Provied...

Contact Details

Rabigh Petrochemical and Logistic

PO Box 290242. 11362 Riyadh KSA. 2nd Indus. Al-Kharaj-16 # Exit. KSA.
Alriyadh, 11362 () - (Saudi-arabia)


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