Sahara international petrochemical co. signs memorandum of understanding with linde plc

Sahara international petrochemical company (sipchem) and linde plc signed initial terms to establish a strategic partnership for the supply of industrial gases, to meet growing demand from the refining and chemical industries in the kingdom of saudi arabia. the primary focus of the partnership, which is expected to become operational in 2020, will be the connection via pipeline of existing hydrogen and syngas plants owned by the two parties in jubail industrial city, and the development of new production facilities to supply carbon monoxide, hydrogen, syngas and associated gases in industrial clusters in the kingdom. the partnership will leverage the strengths and footprints of both companies to offer best-in-class solutions primarily to the refining and chemical industries. the terms shall be valid until the end of march 2020. the financial impact shall be assessed once the negotiation period is concluded and the final contracts are finalized. the memorandum signing date will be december 3,2019.
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