Riyadh - Mubasher: Sadara Chemical Company announced on Sunday that it has signed a long-term partnership agreement with Rufayah Chemicals Company (RCC), according to a press release.
As per the agreement, Sadara will supply RCC with Aromatics Concentrate (Pygas) and Pyoil, generated from cracking naphtha, to be used by RCC in a new chemical complex planned for PlasChem Park.
The supply agreements will cover a period of 20 years, the statement indicated.
The RCC chemical complex will have a total investment of about $500 million, and will utilize the feedstock obtained from Sadara and potentially other liquid crackers in Saudi Arabia, to produce a wide-range of downstream chemical products such as hydrocarbon resin, isoprene, pure DCPD, Aromatic Solvents, Premium Wash Oils and other products.
Once complete, RCC expects to manufacture 12 different downstream products with an overall production capacity of more than 350 KTA. The complex is projected to be on-stream in December 2020.
