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Sipchem starts supplying hydrogen to Aramco’s SASREF

Sipchem starts supplying hydrogen to Aramco’s SASREF
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SIPCHEM
2310
-10.14% 29.25 -3.30
SAUDI ARAMCO
2222
-4.95% 27.85 -1.45

Riyadh – Mubasher: Sahara International Petrochemical Company (Sipchem) announced the safe start of supplying hydrogen gas to Saudi Aramco Jubail Refining Company (SASREF), according to a bourse filing on Monday.

This comes under the framework of a sales gas supply agreement signed between Sipchem and both Saudi Arabian Oil Company (Aramco) and Saudi Aramco Jubail Refining Company (SASREF).

The agreement had been signed on 9 June 2019.

Sipchem noted that the financial impact of this agreement will reflect on its income statements for the fourth quarter (Q4) of 2021.