Aramco to Acquire 50% Stake in Air Products Qudra’s Blue Hydrogen Industrial Gases Company
Aramco, one of the world’s leading integrated energy and chemicals companies, has signed definitive agreements to acquire an equity interest in the Jubail-based Blue Hydrogen Industrial Gases Company (BHIG), a wholly-owned subsidiary of Air Products Qudra (APQ). The transaction, which is subject to standard closing conditions, will also include options for Aramco to offtake hydrogen […]
SK Innovation and SK E&S Announce Merger, Forming Asia-Pacific’s Largest Private Energy Company With Assets of KRW 100 Trillion
■ To achieve EBITDA of KRW 20 trillion by 2030 through three major synergies: portfolio, financial/profit Structure, and growth momentum ① Portfolio competitiveness: to establish portfolio competitiveness across all businesses, including current and future energy sectors ② Strengthening financial/profit structure: to secure stable profit generation capabilities in addition to external growth in assets and sales […]
Indorama Ventures Secures $200 Million Loan From IFC to Drive Sustainability Program
Bangkok – 1 July 2024 – Indorama Ventures, a global sustainable chemical producer, today announced it secured a new 7-year loan totaling $200 million from the International Finance Corporation (IFC) to help fund the continued growth of the company’s strategic sustainability programs in India, Thailand and Indonesia, and promote a circular economy as the world’s leading […]
Aramco’s Strategic Gas Expansion Progresses With $25bn Contract Awards
Aramco, one of the world’s leading integrated energy and chemicals companies, has awarded contracts worth more than $25 billion to progress its strategic gas expansion, which targets sales gas production growth of more than 60% by 2030, compared to 2021 levels. The contracts relate to phase two development of the vast Jafurah unconventional gas field, […]
