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11:06 AM, 21st November 2019
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Shell, Sagia and AMG to build catalyst recycling facility in Saudi Arabia

AMSTERDAM, NETHERLANDS: Shell Overseas Services Ltd (Shell), The Saudi Arabian General Investment Authority (Sagia) and Advanced Metallurgical Group NV (AMG) signed a memorandum of understanding (MoU). The MoU was signed to evaluate the potential for construction and operation, subject to regulatory approvals, of a spent catalyst recycling facility in Jubail Industrial City, Saudi Arabia. The signing took place in Riyadh, Saudi Arabia. The MoU will allow Sagia, Shell and AMG to explore the fea ...

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11:06 AM, 21st November 2019
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Shell, Sagia and AMG to build catalyst recycling facility in Saudi Arabia

AMSTERDAM, NETHERLANDS: Shell Overseas Services Ltd (Shell), The Saudi Arabian General Investment Authority (Sagia) and Advanced Metallurgical Group NV (AMG) signed a memorandum of understanding (MoU). The MoU was signed to evaluate the potential for construction and operation, subject to regulatory approvals, of a spent catalyst recycling facility in Jubail Industrial City, Saudi Arabia. The signing took place in Riyadh, Saudi Arabia. The MoU will allow Sagia, Shell and AMG to explore the fea ...

9:39 AM, 24th October 2019
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Hyundai Motor’s Ulsan plant to use BASF PU for car seats production

ULSAN, KOREA: Hyundai Motor Company’s (HMC) plant in Ulsan will exclusively use BASF Elastoflex flexible polyurethane (PU) foam systems for the production of its car seats. The highly resilient PU foam is a low volatile organic compound (VOC) solution, primarily used in automotive applications such as seats and headrests. Compared to conventional foams, Elastoflex provides higher comfort, improved elasticity, and better load-bearing properties. To meet the toughest emission control ...

10:59 AM, 21st October 2019
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Oman Oil, Orpic Group to outline their expanded polymer portfolio

MUSCAT / SOHAR, OMAN: Oman Oil and Orpic Group said that it will outline how their expanded polymer product portfolio meets the key trends influencing the packaging industry at K 2019. There is growing demand for lightweight packaging solutions that reduce material costs, improve efficiency and help manufacturers address sustainability targets. At the same time, food safety & security remain critical topics globally. Oman Oil and Orpic Group’s expanded polymer solutions portfolio addr ...

9:26 AM, 8th August 2019
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ADNOC acquires 10% stake in hydrocarbon storage company VTTI

ABU DHABI, UAE: The Abu Dhabi National Oil Company (ADNOC) has acquired 10% equity stake in hydrocarbon storage terminal owner VTTI BV (VTTI). Following the transaction, VTTI will be owned 10% by ADNOC, 45% by IFM Global Infrastructure Fund (IFM GIF) and 45% by Vitol. VTTI is an independent global owner of 15 hydrocarbon storage terminals across 14 different countries. The VTTI storage network holds around 60 million barrels (9.5 million m3) of combined storage capacity, much of which is in lo ...

6:02 AM, 8th August 2019
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Teva CFO Michael McClellan steps down, citing personal reasons

JERUSALEM, ISRAEL: Teva Pharmaceutical Industries Ltd said that Michael (Mike) McClellan, Executive Vice President and Chief Financial Officer (CFO), has decided to step down from his role, due to personal reasons. Teva has initiated a search to identify its next CFO. McClellan is expected to remain in his role through the announcement of third quarter results to assist with a smooth transition. McClellan was appointed Teva's CFO in November 2017 after serving as Senior Vice President and Inte ...

7:03 AM, 22nd July 2019
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Camel dung fuels cement production in northern UAE

RAS AL-KHAIMAH, UAE: Thousands of tonnes of camel dung are being used to fuel cement production in the northern United Arab Emirates, cutting emissions and keeping animal waste out of landfill. Under a government-run scheme, farmers in the emirate of Ras al-Khaimah drop off camel excrement at collection stations. It is then blended with coal to power the boiler at a large cement factory. “People started to laugh, believe me,” said the general manager of Gulf Cement Company, Mohamed ...

9:09 AM, 28th June 2019
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Saudi Aramco, S-Oil sign MOU to build $6 billion steam cracker

SEOUL, SOUTH KOREA: Saudi Aramco has inaugurated S-Oil's new Residue Upgrading Complex and Olefin Downstream Comple­x. The new facilities feature the latest refinery technologies, which have raised S-Oil's petrochemical portion from 8 percent to 13 percent and includes high-value products such as propylne and gasoline. The inauguration also included the signing of a memorandum of understanding (MoU) between the two companies to collaborate on a $6 billion Steam Cracker & Olef ...

4:50 AM, 16th May 2018
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ADNOC, OCP to establish world-class fertilizers joint venture

ABU DHABI, UAE: The Abu Dhabi National Oil Company (ADNOC) and OCP Group of Morocco (OCP) have agreed to explore the phased creation of new global fertilizers joint venture. In a move that will accelerate the execution of both ADNOC and OCP’s international strategies. The proposed joint venture will build on both companies’ competitive advantages, namely ADNOC’s world-scale sulphur production, ammonia and gas expertise, and shipping and logistics network, and OCP’s acces ...

11:08 AM, 27th February 2018
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Honeywell, Equate ink MoU to boost Kuwait petrochemical plants

KUWAIT CITY, KUWAIT: Honeywell International (HON) and Equate Petrochemical Company have signed a memorandum of understanding (MoU), to further develop innovative technologies to support operations at Equate's industrial complexes. Equate is currently the owner and single-operator of several fully integrated world-class petrochemical complexes in Kuwait, North America and Europe. The company is Kuwait's first international petrochemical joint venture and ...

5:37 AM, 27th February 2018
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Israel Chemicals appoints IDI Insurance head as new CEO

TEL AVIV, ISRAEL: Israel Chemicals Ltd (ICL) has appointed Raviv Zoller as its new chief executive officer (CEO). Raviv Zoller (54) is the CEO of IDI Direct Insurance Company Ltd. Zoller is a qualified certified public accountant (CPA) and graduated from Tel Aviv University. Zoller was a partner in the establishment of Apax – Mutavim Investment Bank and in 1999 founded Ness Technologies, where he was CEO until 2007. “The search committee considered a number of exceptional cand ...

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