MOSCOW (MRC) -- Air Products Qudra and Royal Commission for Jubail and Yanbu signed a Memorandum of Understanding (MOU) to establish world-class industrial gas production facilities and distribution networks in the industrial cities of Royal Commission, according to Kemicalinfo.
The MOU sets preliminary framework details for Air Products Qudra to
- establish a hydrogen fueling economy in the Kingdom,
- achieve higher values for off-gases,
- introduce new technologies to convert low-value feedstocks into high-value products,
- establish a helium recovery network, and
- expand the carbon-dioxide capture and re-use economy in the Kingdom of Saudi Arabia.
Seifi Ghasemi, Chairman, President and Chief Executive Officer for Air Products, said, "It is an honor to collaborate with the Royal Commission to explore the business case to invest, build, own and operate world-scale, transformative industrial gas facilities at Jubail and further support the creation of a world-leading downstream sector in Saudi Arabia."
Mohammad A. Abunayyan, Chairman of Vision Invest & Qudra Energy, said, "We are pleased about the collaboration with the Royal Commission for Jubail and Yanbu as Air Products Qudra strives to deliver world-class industrial gas infrastructure to Jubail and Yanbu."
Dr. Samir Serhan, Chairman of Air Products Qudra and Executive Vice President for Air Products, said, "We have already started the plan to kick off our Phase 1 investments to build world-scale industrial gas production units and distribution networks in Jubail. We look forward to bringing our full suite of capabilities to these projects and supporting essential sustainable energy production in these Industrial Cities."
The MOU supports Royal Commission’s strategy to promote direct investments, diversify and enhance the Kingdom’s economy, improve the services to its clients to help improve their business performance, and maximize localization within the Kingdom of Saudi Arabia.
As MRC wrote earlier, in December 2014, SIBUR-Khimprom (a subsidiary of SIBUR Holding) and Air Products entered into an agreement to build a new air separation unit in Perm and to supply the facility with locally produced gases. The unit came on-stream in 2016. After the commissioning Air Products will supply industrial gases for SIBUR-Khimprom over the next 20 years.
Besides, we remind that in September 2019, SIBUR, the largest petrochemical comples in Russia and Eastern Europe, and BASF, Geman petrochemical major, agreed to closely cooperate on sustainable development to share their best practices.
Ethylene and propylene are feedstocks for producing polyethylene (PE) and polyprolypele (PP).
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,589,580 tonnes in the first nine months of 2019, up by 7% year on year. Shipments of all PE grades increased. The estimated PP consumption in the Russian market was 976,790 tonnes in January-September 2019, up by 4% year on year. Shipments of PP block copolymer and homopolymer PP increased.
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