Month: March 2023

Aramco JV HAPCO breaks ground on new refinery and petrochemical complex

A ground-breaking ceremony took place today for a major integrated refinery and petrochemical complex being developed by Huajin Aramco Petrochemical Company (HAPCO). The joint venture between Aramco (30%), NORINCO Group (51%) and Panjin Xincheng Industrial Group (19%) is developing the complex in the city of Panjin, in China’s Liaoning Province. On March 26, it was announced that

SABIC ULTEM™ RESIN PROVIDES LIGHTWEIGHT COMFORT FOR HEARING-IMPAIRED AND MULTI-LANGUAGE USERS OF LLVISION’S AUGMENTED REALITY EYEGLASSES

Hearing loss compensation and spoken language translation can now be provided using an unlikely yet elegant technology – augmented reality (AR) eyeglasses from Beijing LLVision Technology Co., Ltd., which display voice translations in text on the lenses in real time. The company’s LEION Hey glasses feature legs (or temples) molded from SABIC’s tough, lightweight and

MENA Region Presents Investment Opportunities In E-Mobility

The Electric Vehicle Innovation Summit (EVIS) considers the MENA region as rapidly transitioning towards e-mobility, investors will have unique opportunities to capitalize on this emerging industry. The region’s abundant sunshine, extensive oil reserves, and rapid urbanization make it well-positioned for the growth in electric vehicles, e-bikes and e-scooters, and public transportation. The startups and incubators

Aramco to expand presence in China by acquiring 10% stake in Rongsheng Petrochemical

Aramco, one of the world’s leading integrated energy and chemicals companies, has signed definitive agreements to acquire a 10% interest in Shenzhen-listed Rongsheng Petrochemical Co. Ltd. (“Rongsheng”) for RMB 24.6 billion ($3.6 billion at current exchange rates), in a deal that would significantly expand its downstream presence in China. Through the strategic arrangement, Aramco would supply

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