Saudi Petrolite Chemicals’ Facility Inaugurated
In the presence of HRH Prince Abdulaziz Bin Salman Al Saud, Minister of Energy; Khalid Al-Falih, Minister of Investment; and Mr. Bandar bin Ibrahim AlKhorayef, Minister of Industry & Mineral Resources, Baker Hughes, an energy technology company, alongside Dussur, owned by the Saudi Arabian Public Investment Fund (PIF), Saudi Aramco, and SABIC (Saudi Basic Industries Corporation), officially inaugurated on Sunday the joint venture (JV) chemicals manufacturing facility previously announced, focused on providing oilfield and industrial chemicals in The Kingdom of Saudi Arabia (KSA). The facility will be named the Saudi Petrolite Chemicals facility.
The event marked the commencement of operations at the new facility, which aims to bolster KSA’s supply base targets of raw materials such as solvents and glycols. Furthermore, it seeks to accelerate the development of manufacturing skills and capabilities of the local workforce, with over 70% Saudization.
With a focus on delivering fit-for-purpose chemical solutions more swiftly, the facility is strategically located closer to customers and suppliers, enhancing efficiencies across the business. Additionally, the new facility aligns with Baker Hughes’ ongoing strategy to source and produce chemicals in proximity to key demand hubs, as demonstrated with the establishment of the Singapore chemicals manufacturing facility in 2022.
Lorenzo Simonelli, chairman and CEO of Baker Hughes, expressed pride in the collaboration between Baker Hughes and Dussur, highlighting their joint efforts to contribute to the chemicals market in the Kingdom and the wider region. He emphasized the significance of the Saudi Petrolite Chemicals facility in supporting the Kingdom’s vision for economic and industrial growth, reflecting Baker Hughes’ commitment to investing in growth together with Saudi Arabia for over 85 years.
Dr. Raed Al-Rayes, CEO of Dussur, underscored the importance of strategic localization efforts in maximizing developmental and economic impact within the Kingdom. He praised the partnership with Baker Hughes as a significant milestone and highlighted the opportunities the new project will provide for the citizens of Saudi Arabia, with a target Saudization rate exceeding 70%.
The Saudi Petrolite Chemicals facility occupies approximately 90,000 square meters and features an on-site quality control lab, ethylene oxide, propylene oxide pipeline feedstock, and 14 storage tanks. The facility specializes in manufacturing chemicals for oilfield, power generation, and industrial applications.
Note: Content may be edited for style and length.
