Saudi Arabia, 5. December 2019 – Linde announced that the parties signed the initial terms to establish a strategic partnership for the supply of industrial gases, to meet growing demand from the refining and chemical industries in Saudi Arabia.
Ending in March 2020, this memorandum aims at connecting pipeline of existing hydrogen and syngas plants owned by the two parties in Jubail Industrial City. It also aims at developing the new production facilities to supply carbon monoxide, hydrogen, syngas and associated gases in industrial clusters in the Kingdom.
“The combined onsite footprint and operation excellence of the two companies will create a compelling opportunity for us and our customers in Saudi Arabia,” said Eduardo Menezes, Chief Operating Officer EMEA.
“Sipchem is eager to expand its operations to fulfill the growing demand from national refiners and petrochemical plants in the Kingdom,” Saleh Bahamdan, CEO of Sipchem, commented on the deal. He added that the new partnership has the potential to blend stable returns with long-term supply commitments, offering us the opportunity to manage the typical cyclicality of the petrochemical industry.
Linde is a leading industrial gases and engineering company with 2018 pro forma sales of USD 28 billion (EUR 24 billion). The company employs approximately 80,000 people globally and serves customers in more than 100 countries worldwide. Linde delivers innovative and sustainable solutions to its customers and creates long-term value for all stakeholders. The company is making our world more productive by providing products, technologies and services that help customers improve their economic and environmental performance in a connected world.
For more information about the company, please visit www.linde.com.
Jessica von Dahlen
Phone: +49 89 7446 1471