This website uses cookies to improve your online experience. Yanpet is a 50/50 joint venture between ExxonMobil, the oil company, and Saudi Basic Industries Corporation (Sabic). You can change your cookie settings through your browser. Have news to share? The Yanbu Aramco Sinopec Refining Company (YASREF) Ltd., a joint venture between Saudi Aramco and China Petrochemical Corporation (Sinopec), is a world-class, full-conversion refinery that covers about 5.2 million square meters in the Yanbu Industrial City, and is the key anchor project in Yanbu. SABIC is the Saudi Basic Industries Corporation, one of the world’s leading manufacturers of chemicals, fertilizers, plastics and metals. One option for Yanbu is to build petrochemical facilities and integrate them with existing refineries, said one of the people. Main Business Field. Box: 497, Rabigh – 21911, Saudi Arabia. Yansab is a SABIC, affiliate company in Saudi Arabia, and is the largest SABIC petrochemical complex. Yanbu National Petrochemicals Co SJSC is a Saudi Arabia-based joint stock company, which is engaged in the manufacture of petrochemical products. 35% of Yansab is public stocks.[3]. It is equally owned by SABIC and Mobil Yanbu Petrochemical Company (Exon Mobil), USA. N. ational Petrochemical Industrial Co. (NATPET) is a Saudi Arabian company producing Polypropylene (PP) resin since the year 2009. Find their customers, contact information, and details on 13 shipments. The goal of the project was to double the capacity of the existing complex to allow Yanpet to be the world's lowest cost ethylene producer. Registered No: 21911 Registered Office: P.O. Corporate Governance Yanbu National Petrochemical Company’s ISS Governance QualityScore as of N/A is N/A. Access the most comprehensive database of companies and officers in the Middle East and North Africa, covering all major sectors and industries, from Refinitiv. 30333 Yanbu - 41912. Yanpet has around 1,200 employees. Yanbu Aramco Sinopec Refining Company Ltd., a joint venture between Saudi Aramco and SINOPEC Company China Petrochemical Corporation (Sinopec Group) is a super-large petroleum and petrochemical state-owned enterprise group, with business scattered throughout the world, and head-quartered in Beijing China. Royal Commission for Jubail and Yanbu … Yanpet is one of the largest petrochemical complexes in Saudi Arabia. Saudi Yanbu Petrochemical Company (YANPET) Type. Farabi Petrochemicals Company is the largest producer of Liner Alkyl Benzene (LAB) in Middle East. We supply these materials to other companies, who use them to make the products on which the world has come to depend. SABIC owns 55% of YANSAB capital. Yanbu National Petrochemical Company is a subsidiary of Saudi Basic Industries Corporation. Saudi Arabia maintained its leading position as the third largest producer of ethylene worldwide after the United States and China, with 17 million tons annually in 2016, and $17 billion average sales per year. The site has the capacity to produce about 900,000 tons per year of ethylene and over 1.3 million tons per year of low density… FARABI YANBU PETROCHEMICALS COMPANY is located in Yanbu Al Sinaiyah, Saudi Arabia and is part of the Chemical Wholesalers Industry. SAUDI YANBU PETROCHEMICAL COMPANY (YANPET) is located in Po Box 30333 Yanbu Al Bahr Yanbu Al Samiyah, Saudi Arabia. National Petrochemical Industrial Co. (NATPET) is a Saudi Joint Stock Company, established in 1999 and producer of 400,000 MT/ year propylene/polypropylene located at Yanbu Industrial City (Madinat Yanbu Alsenae’a), on the west coast of Saudi Arabia. With initial production commencing in 1984, Kemya was one of Saudi Arabia’s initial polyethylene producers. Yanbu National Petrochemical Co. has 985 employees at this location and generates $1.62 billion in sales (USD). www.sabic.com. Yanbu National Petrochemical Company is a Petrochemical company. Email us at editorial.zawya@refinitiv.com, or send us your company press releases to pressrelease.zawya@refinitiv.com. Yanpet is a 50-50 joint venture between Mobil Yanbu Petrochemical Company Inc., an affiliate of ExxonMobil Chemical, and the Saudi Basic Industries (SABIC). SABIC affiliates Ibn Rushd and Tayef hold 10% of Yansab capital. Saudi industrial firms gain as US facilities step up role, Kingdom emerges third globally in ethylene output, Nearly half of Middle East luxury travellers plan to fly abroad in 2021, Saudi Aramco may sell more shares if market conditions are right -PIF, Dubai property market showed signs of recovery in H2 2020: report, Middle East manufacturers well positioned for 'glocalisation': report, Blast heard in Saudi capital Riyadh - Reuters correspondent, UAE announces 7 deaths and 3,601 new COVID-19 cases, UAE banking sector profitability to remain low for longer: S&P, Saudi's office construction activity slumped 67% in 2020, New LNG projects will start going ahead, but green credentials to be closely watched - execs, Biden to reopen healthcare.gov, ease Medicaid rules amid COVID-19 -report, Spain extends rent moratorium amid worsening COVID-19 crisis, China's 2020 gold imports via Hong Kong sink as virus hits demand. It produces ethylene, polyethylene and ethylene glycol. Saudi Yanbu Petrochemical Company. Company is working in business activities. Yansab is expected to employ 1,500 people in phase I and phase II. All Rights Reserved. License No. Yanpet has agreed a marketing deal with the Mitsui Chemical Company to supply at least 30,000t/yr to Japan. Independent Power Plant 2 @ Al-Mourjan & Adming Building; Petro Rabigh ... Rabigh Modern Company (RMCO) is a registered private limited company in the Kingdom of Saudi Arabia. Saudi Yanbu Petrochemical Company (Yanpet) 50: SABIC SK Nexlene Company (SSNC) 50: … Private Sector. The number of American facilities in the Kingdom increased in December 2017 to 462. Yanpet is equally owned by SABIC and ExxonMobil. The plant is located in Yanbu Industrial City on the west coast of Saudi Arabia having a name-plate production capacity of 400,000 MT/Year. Follow Yanpet Tadawul TASI and get the latest News, Yanpet Earnings, Yanpet Financial Ratios, Yanpet Market Data, Yanpet Charts, Yanpet careers and more. Find related and similar companies as well as employees by title and much more. Learn how and when to remove this template message, http://www.yansab.com.sa/en/our-company/board-of-directors, http://www.sabic.com/corporate/en/ourcompany/manufacturingaffiliates/yansab.aspx, https://en.wikipedia.org/w/index.php?title=Yanbu_National_Petrochemical_Company&oldid=967979426, Articles lacking in-text citations from April 2009, Creative Commons Attribution-ShareAlike License, This page was last edited on 16 July 2020, at 13:30. Sipchem is Saudi Arabia's leading petrochemical and chemical manufacturing company. Kemya, located in Jubail, is a 50/50 joint venture between SABIC and ExxonMobil, established in 1980. Yanbu National Petrochemical Co. is located in Yanbou, Saudi Arabia and is part of the Industrial Chemical Manufacturing Industry. Yanbu Steel Company constructed more than 1000 steel storage tanks in Saudi Arabia since inception but none of these tanks have been reported for repair within the warrantee period. Yanbu Industrial Area. Refinitiv research team update company information from primary sources (company annual reports, press releases, company websites, corporate briefings, official statements/interviews) and reliable secondary sources (stock markets, reliable third party publications). Petrochem main business is investing in the petrochemical industry; by utilizing its strategic partnerships and the Kingdom’s natural resources. The company is engaged in manufacturing of petrochemical products are ethylene, ethylene glycol, high density polyethylene, low linear density polyethylene, polypropylene, butene 1, butene 2, MTBE and BTX. Copyright © 2021 Zawya. The headquarters is in Saudi … Also SAFCO owns 3.87% share in the capital of Arabian Industrial Fibers Company (IBN RUSHD) and 1.69% in the capital of Yanbu National Petrochemical Company (YANSAB). Farabi Yanbu Petrochemicals – Ground & Civil Works; Completed Projects. Saudi Yanbu Petrochemical at COMPANY(YANPET) P.O.BOX 31656 YANBU 41912 SAUDI ARABIA 966-143965000. Includes its description, stats, participants, location and more. Quickly uncover hidden opportunities with comprehensive data and content. Screen, analyze and compare projects in the Middle East and North Africa across Infrastructure, Real Estate, Industrial and Energy sectors with Refinitiv’s Eikon. GlobalData reports on how Saudi Aramco and Saudi Basic Industries Corp.’s (Sabic) decision to move forward with their plans for building a mega petrochemicals complex in Yanbu demonstrates their commitment to their long-term goal of expanding Saudi Arabia’s downstream sector. Aramco will finish a feasibility study by the end of the year, they said. Box: 30333 Country: Saudi Arabia City: Yanbu City Suffix: 21441 Region Medina It will has an annual capacity exceeding 4 million metric tons (MT) of petrochemical products including: 1.3 million MT (metric-tons) of ethylene; 400,000 MT of propylene; 900,000 MT of polyethylene; 400,000 MT of polypropylene; 700,000 MT of ethylene glycol; 250,000 MT of benzene, xylene and toluene, and 100,000 MT of butene-1 and butene-2. Yanbu National Petrochemicals Co SJSC is a Saudi Arabia-based joint stock company, which is engaged in the manufacture of petrochemical products. The company was established in 2008 with a current paid-in-capital of SR 4.8 billion. Farabi started operations with its 1 st integrated Normal Paraffin (NP) and Linear Alkyl Benzene (LAB) complex in 2006 at Jubail, Saudi Arabia. The joint venture was established in 1980 and commenced operations in 1985 in Yanbu, on Saudi Arabia’s western, Red Sea coast. There are 828 companies in the Yanbu National Petrochemical Co. corporate family. Located in Yanbu, YANPET was established in 1980, and began production in 1985. Saudi Yanbu Petrochemical Company, Saudi Arabia - Company Information. PO Box. Fluor Arabia is the main U&O contractor on the Yansab project. Alujain, Xenel and GOSI are the major stockholders. Building: Saudi Yanbu Petrochemical Company Building Area: Yanbu Industrial Area P.O. There are 2 companies in the FARABI YANBU PETROCHEMICALS COMPANY corporate family. Saudi Arabian Fertilizer Company-Wikipedia They were placed on your computer when you launched this website. Get up-to-date business information, contact details, latest news and press releases and people contacts on ZAWYA KSA Edition Since. The Saudi Basic Industries Corporation is a diversified chemicals, industrial polymers, fertilizers, and metals company. View Yanbu National Petrochemical (www.yansab.com.sa) location in Al Madinah al Munawwarah, Saudi Arabia , revenue, industry and description. Yanbu Steel Company has carried out many prestigious projects for Saudi ARAMCO, SABIC and contributed a lot to the Saudi government projects, majorly in successful completion of SSSP (Saudi Strategic Storage Program). Learn more at sipchem.com. Saudi Basic Industries Corporation (“SABIC”), the counterclaim defendant below, appeals from a $416.8 million Superior Court judgment entered against SABIC and in favor of SABIC's joint venture partners, Mobil Yanbu Petroleum Company (“Mobil”) and Exxon Chemical Arabia, Inc. (“Exxon”). It will has an annual capacity exceeding 4 million metric tons (MT) of petrochemical products including: 1.3 million MT (metric-tons) of ethylene; 400,000 MT of propylene; 900,000 MT of polyethylene; 400,000 MT of polypropylene; 700,000 MT of ethylene glycol; 250,000 MT of benzene, xylene and toluene, and 100,000 MT of butene-1 and butene-2. Saudi Yanbu Petrochemical Company (Yanpet) owns the plant. Address. Yansab is a SABIC, affiliate company in Saudi Arabia, and is the largest SABIC petrochemical complex. FARABI YANBU PETROCHEMICALS COMPANY has 40 total employees across all of its locations and generates $8.82 million in sales (USD). Farabi Petrochemicals Company is the largest producer of Liner Alkyl Benzene (LAB) in Middle East. Majority state-owned and headquartered in Riyadh, subsidiaries include Hadeed (steel), SAFCO (fertilizers), and the Yanbu National Petrochemical Company . 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