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Rabigh Refining and Petrochemical Company (Petro Rabigh) announces the signing of three memorandums of understanding with investors in its Rabigh PlusTech Park

PETRO RABIGH 2380 -26.25% 7.36 -2.62
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Announcement Detail Rabigh Refining and Petrochemical Company (Petro Rabigh) signed on December 13, 2022G, three memorandums of understanding with investors to establish manufacturing factories in the Rabigh PlusTech Park, as follows:

1. Pure Life Industries Middle East Co. to produce 80,000 water filters and flat ceramic membranes yearly.

2. Saudi Top Co. to produce 50,000 tons of recycled polymer compounds yearly.

3. Green Community Co. to produce 100,000 tons of recycled plastic resin yearly for food applications.

It contributes to achieving the Kingdom of Saudi Arabia's vision 2030 to maximize the added value of hydrocarbons.

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