February 27, 2025 16:08
LyondellBasell and Sipchem are exploring the construction of a new steam cracker in Saudi Arabia and, as part of the feasibility study, have been awarded a feedstock allocation from the Ministry of Energy of Saudi Arabia—a crucial step in defining the technical, financial and commercial configuration of the project.
If approved, the new cracker will be developed through a joint venture, 60% owned by Sipchem and 40% by LyondellBasell.
