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FINANCIAL NEWS
New HP plant in KSA to begin operation in 2015
03 Sep 2013
(MENAFN) Saudi Hydrogen Peroxide Company, a new joint company between Sadara Chemical and Solvay Group of Belgium, said that it begun building a hydrogen peroxide (HP) plant in the Kingdom, Saudi Gazette reported.
The plant, to be one of the world’s largest HP plants, is expected to begin producing in 2015 with a production capacity of 300,000 metrics tons a year. The first HP plant is Saudi Arabia is being built at Sadara’s complex in Jubail Industrial City II.
Sadara plans to use the produced HP to manufacture propylene oxide (PO) at its HP-to-propylene oxide (HPPO) facility on site.
Ziad Al-Labban, CEO of Sadara, said: “We are delighted to be partnering with Solvay, a global leader in HP, to build this world scale plant to feed our PO, PO derivatives and polyurethane business.” This makes the third large HP joined venture by Solvoy.
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BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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