[the_ad id=”32940″]RIYADH: Sahara International Petrochemical Company (Sipchem) has announced signing of Hydrogen Supply Agreement on Thursday May 30, 2019 with Saudi Aramco Shell Refinery Company (SASREF).
The agreement is to supply SASREF with the Hydrogen Gas that is required in SASREF’s future production operations starting in 2020 for an initial term of twenty (20) years.
The agreement was signed by Mr. Abdullah Al-Saadoon, CEO of Sipchem and Mr. Hussain Al-Qahtani, President of SASREF.
This agreement will have a positive impact on the Sipchem’s financial position starting from 2020. This agreement is a continuation of Sipchem’s efforts to utilize all available resources to maximize the added value of the company’s products and enhance its revenues.
Mr. Abdullah Al-Saadoon, CEO of Sipchem, indicated that this agreement is a result of the on-going collaboration between the companies after signing the supply agreement for CO2 in 2017.
Both companies will continue to jointly explore growth and site integration opportunities in the future.