Sipchem inks primary hydrogen supply deal with Aramco’s unit

Sipchem will supply SASREF with the Hydrogen Gas that is required in SASREF’s future production operations starting in 2020
Riyadh – Mubasher: Sahara International Petrochemical Company (Sipchem) signed on Thursday, 30 May a 20-year hydrogen supply agreement with Saudi Aramco Shell Refinery Company (SASREF), based in Jubail Industrial City.
Under the deal, Sipchem will supply SASREF with the Hydrogen Gas that is required in SASREF’s future production operations starting in 2020, according to a filing to the Saudi Stock Exchange (Tadawul) on Sunday.
The agreement was signed by Abdullah Al-Saadoon, CEO of Sipchem, and Hussain Al-Qahtani, president of SASREF.
Sipchem noted that the deal will have a positive impact on the company’s financial position starting from 2020.

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