Sipchem and Linde signed an exclusive partnership agreement to for a 50/50 joint venture for developing Industrial Gasses projects and networks in the Kingdom
Date of Announcement of the Award
2020-12-15 Corresponding to 1442-04-30
Contract Subject Matter
Strategic joint venture to build up a world-class industrial gases projects network overall the kingdom of Saudi Arabia
Date of Signing the Contract
2020-12-15 Corresponding to 1442-04-30
Contract Value
N/A
Contract Details
The joint venture intends to build up a world-class industrial gases network in Jubail Industrial City by connecting via pipeline the existing hydrogen and syngas plants owned and operated by the two parties. The main focus will be on the development of new production facilities in order to supply carbon monoxide, hydrogen, syngas ammonia, and associated gases alongside efficient solutions for the decarbonization of downstream production in industrial clusters in the Kingdom. The Strategic Joint Venture is expected to open the door to substantial investment opportunities of approximately $500 million over the next five years subject to the economic viability.
Contract Duration
20-Years Period
Financial Impact and the Relevant Period
There is no immediate direct financial impact for this transaction
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