Sipchem signs mou with linde to establish partnership for supply of industrial gases

Signs a memorandum of understanding with linde plc.co and linde signed initial terms to establish a strategic partnership for supply of industrial gases,.supply of industrial gases, to meet growing demand from refining and chemical industries in saudi.primary focus of partnership will be connection via pipeline of existing hydrogen and syngas plants owned by the two parties in jubail industrial city.development of new production facilities to supply carbon monoxide, hydrogen, syngas and associated gases in industrial clusters in the kingdom.memorandum duration terms shall be valid until end of march 2020.partnership is expected to become operational in 2020.financial impact shall be assessed once negotiation period is concluded and final contracts are finalized.
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