ITP MEDIA GROUP / BUSINESS APRIL 2020 • VOL. 13, ISSUE 04 The top 30 engineering, procurement and construction contractors for the Middle East downstream industryAsset Performance Management 4.0 linkedin.com/company/avevalinkedin.com/company/avevalinkedin.com/company/aveva @avevagroup@avevagroup@avevagroup aveva.comaveva.com Drive measurable and immediate results to your bottom line with a trusted and reliable APM solution. Visit aveva.com to find out how our APM portfolio helps you turn opportunity into business value. Asset Utilization +30% Unplanned Downtime -25% Asset Availability +20%NEWS 05 Check out all the major actions that took place regionally and globally OPINION 29 Dr Abdulwahab Al-Sadoun of the Gulf Petrochemicals &Chem- icals Association com- ments on the impact of Covid-19 April 2020 VOLUME 13 / ISSUE 04 COMMUNITY 31 Latest social respon- sibility actitivities of downstream industry companies that impact the society positively EVENT REVIEW 32 Tenth edition of ME-TECH focuses on sustainable tech- nologies for the refining and petrochemicals industry PRODUCTS 34 Recently launched products, solutions, and technologies for the refining and pet- rochemicals industry PROJECT FOCUS 36 Detailed report on various elements of a particular project from the Middle East PROJECTS 38 A look at the latest investments and projects in the Middle East FIVE MINUTES WITH 42 Ben van Beurden, chief executive officer, Shell REGULARS 13 Cover Story Refining & Petrochemicals Middle East reveals 2020 Top 30 EPC Contractors list of en- gineering, procurement and construction companies from around the world FEATURES 21 32 0931 07 19 10 The Middle East Energy Awards Shortlist of five candidates in each category for the 11th edi- tion of the Middle East Energy Awards, slated for 30 June 2020 in Abu Dhabi, is revealed 05 03 Refi ning & Petrochemicals Middle East April 2020www.refi ningandpetrochemicalsme.com ContentsT he latest advances in process automation and control can augment refin- ers to operate more efficiently, reliably and safely. The key to ensuring refineries can operate even better than they did in the past is additional measurements and the benefit of time to act on the early detection of wear or abnormal operation. As a best practice, most of the manufacturers are presently focussing only on their core competencies. Oil and gas refi ners and petrochemical manufacturers are under tremendous pressure to enhance profi ts, improve quality and reduce energy use, environmental impact and downtime. These entrepreneurs know that the cost structure and the profi tability of their manufacturing enterprise are totally determined by what happens in their plants. These companies are excessively leveraging on their existing physical and intellectual assets in order to stay competitive. Consolidating the operations, reducing spending and squeezing out excess capacity are considered the best practises for sustaining in the prevalent business scenario for the downstream sector. For any business aspiring to grow, manag- ing the flow of information is emerging as the most important challenge. It is im- portant to note that data communications network has become the core element in profitably operating refining and petrochemical manufacturing plants. The market dynamics demand oil and gas refiners and petrochemical manu- facturers to change the way they perform most of their business functions – from control of their plant floor processes to their customer relations management. Creation, manipulation and sharing of electronic data, using information technology tools, have dramatically changed the way downstream companies do their businesses. Because of the data revolution, process automation and control in the refining and petrochemical manufacturing industries are going through a pivotal trans- formation. The manufacturers are enabling their plant systems to contribute to the overall accomplishments of the strategic objectives of their organisations. The latest process automation and control solutions provide the downstream industry with a competitive advantage, the focal point being enterprise per- formance. It is also important to note that the process automation and control solution providers, which are active in the oil and gas refining and petrochemical manufacturing industries, are starting to implement their own platforms and analytics capabilities to meet the need for asset performance management and operations optimisation. Historically, the industry professionals turned to their existing vendors for their process automation and control solutions and what was made available to them, rather than driving their business-specific requirements into the solutions they received. This created a further proliferation of specific solution silos. With better connectivity, ability to capture, store and manage data from diff erent sources and diff erent formats, and improved analytics, there is a window of opportunities awaiting the industry professionals to drive the breakdown of silos in their operating environments. Increasing convergence and integration of process automation, control, information technology and operational technology will further optimise plant processes, reduce operating costs and enhance profi tability in the oil and gas refi ning and petrochemical manufacturing industries. Increasing convergence and integration Published by and © 2020 ITP MEDIA GROUP FZ-LLC. 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Stories in next month’s issue of Refi ning & Petrochemicals Middle East [1] Instrumentation, Process Control & Automation Refi ning & Petrochemicals Middle East will release a Special Report on the latest instrumentation, process control and automation solutions used by the downstream industry [2] Digital Transformation Refi ning & Petrochemicals Middle East will publish a report on the initiatives taken by the downstream industry in the Middle East for digital transformation [3] Demand-Supply Review RPME will have a review feature on the demand- supply scenario of the petrochemical industry during Covid-19 pandemic DOWNLOAD THE APP on your iPad, Andriod, or Kindle Martin Menachery Editor, Refining & Petrochemicals Middle East martin.menachery@itp.com OPINION New horizons in COTC, and refinery and petrochemicals integrationME-TECH Celebrating 10th anniversary of the Middle East Technology Forum for Refining & Petrochemicals TECHNOLOGY The evolution of high velocity thermal spray BILFINGER HAS A STRONG POSITION IN ALL THE THREE ELEMENTS REQUIRED FOR DIGITALISATION – TWIN, ARTIFICIAL INTELLIGENCE AND DOMAIN EXPERTISE – WHICH IS THE KEY TO BE SUCCESSFUL, SAYS TOM BLADES, CHAIRMAN OF THE EXECUTIVE BOARD OF BILFINGER THE RECIPE FOR SUCCESS Download the free Refi nery & Petrochemical app and be the fi rst to read the latest issue on your mobile devices. OPINION: ANOTHER LANDMARK YEAR FOR THE ARABIAN GULF CHEMICAL INDUSTRY, 2019 WAS CHARACTERISED BY NEW OPPORTUNITIES AND CHALLENGES NEWS, DATA AND ANALYSES FOR THE REFINING AND PETROCHEMICAL INDUSTRIESJANUARY 2020 • VOL. 13 • ISSUE 01 INDUSTRY, 2019 WAS CHARACTERISED BY NEW OPPORTUNITIES AND CHALLENGES NEWS, DATA AND ANALYSES FOR THE REFFIFIFIFIIIFIFIIIIFIIFIIIFFFIF NNNNNNNNNNNNNNNINNIIIIINNNNNINIINNIINNNNNNNINNINNNNNNNNNNNNNNNIINNNNNNNINNNINN NNNNNNGNGNGNGNGNGNGNGNGNGNNNGGNNNGGNNGGNGNGNGGGGNNGNGNNGGGNNNNNNNNNNNNNNNNNNN AAAAAAAAAAAAAAAAAAAAAAAAAANDNDNDNDNDNDNDDNNNDNNDNND PPPPPETETETETETETETTETTTTETETTTTTEETTTRORORROROROROROROROROOROOROORROOOOOOCHCCHCHCCCHCHCHCHCHCHCHCHCHCHHEMEMEEMEEMEMEMEMEMMMMMEEMEMEMEMMMMICICICICCICCCCCICCCICICCCCCALALALAALALALAAALALALLLLLLALALAALLLLALLLLAALLLLLLLALAALALLALLALAAAAL IIIIIIIIIIIIIIIIIIIIINNNNDNNNNNDNDNNDNDDDDDDDDDDDDDDDDDDDDDDNDNNDNDDDDDDDDDDDNNDDDNDDDDDNNDDDDNDDDNDDDDDDDNNDDDDDDDNDDDDDNNDDNNNNNDDNNDDDDNNDDDUSUUUUSUUUSUSUSUSUSUSUUUSUSUSUSUSSUSSUSSSSUSUSUSUSUSUUSUUUUUUSUSUUSSUSSUSSUUUSUUUSUUSSUSUUSUSSUSSUSUUUSUSSSUSUSUSUUSUUUSUUSUSUSSSSUSUSUUUSSSSUSUSSUSUUSSUSUSSUUSSSUUUUUSUSSUUUSUUSUSUUSSSSSSUSUSSUUSSSSSSSSSSSUSSUSSSTRTTRTRTRTRTRTTRTRTRTRTRTRTRTRTRTRTRTRRTRTRTRRRRTRTRTRTRTRTRTRTRTTTTTRTTRRRTRRRTRTRTRTTTRTRTTRTRTRTRTRTRRTTTRTRTRRRRRTRTRTRTRTTTTTTRTRRRTTTTTTRRRRRTTRTRTTTRRTTRRRRRTTTTRTRTTTTRTRTTTTTTTTTRTTTRTTRTRTRIEIIIEIEIEIEIEIEEEIEIEIEIEIEEEEEEEIIEIEIEIEEEEEIEEIEIEEIEEEIEIEEIEIEEIEIEEIEIEEEEEIEIEEEIEEEIIIIEEIEEIIIIIEIEEIIEEIIEEEIEEEEEIEEI SSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSJANUARY 2020 • VOL. 13 • ISSUE 01 Is the IMO 2020 sulphur regulation on marine fuels the most disruptive product quality change in decades? SEA CHANGE ITP MEDIA GROUP / BUSINESS FEBRUARY 2020 • VOL. 13 • ISSUE 02 MIDDLE EAST Refining& Petrochemicals 04 Refi ning & Petrochemicals Middle East April 2020www.refi ningandpetrochemicalsme.com Editor’s CommentStrategic agreement will leverage opportunities for value creation and operational excellence For all the latest refining and petrochemical news from the Middle East, visit our website: www.refiningandpetrochemicalsme.com Emerson, SABIC ink seven-year strategic alliance Emerson has signed a strategic agree- ment to serve as a preferred automation services and technologies provider with SABIC to help the petrochemical manufac- turer successfully adopt digital transforma- tion programmes and optimise operations. The strategic alliance supports the Saudi Arabia’s Vision 2030 by focusing on localisa- tion, strategic partnerships and knowledge transfer, as well as leveraging the strategic and operational capabilities of the organisa- tions involved to achieve operational excel- lence. This alliance targets value creation Vidya Ramnath (left), Middle East and Africa president for Emerson’s Automation Solutions business, and Abdullah Al-Garni, SABIC GPS general manager. through improved safety and reliability, as well as the creation of new business and rev- enue opportunities. “As SABIC is continuously racing to en- hance and move operations toward excel- lence, I am happy and proud to establish such a strategic partnership with Emerson, which will defi nitely be a big part in this transformation journey,” said Abdullah Al- Garni, SABIC GPS general manager. Emerson will leverage its Project Certainty and Operational Certainty programmes, comprehensive Plantweb digital ecosystem portfolio, software and analytics, and other automation technologies and services rang- ing from control systems, measurement in- strumentation and its fi nal control portfolio to aid SABIC in achieving Top Quartile per- formance. “We are pleased to collaborate and strengthen our relationship with SABIC through this strategic alliance and will con- tinue to build on our constructive coopera- tion in the kingdom,” said Vidya Ramnath, president of Emerson’s Automation Solu- tions business in the Middle East and Africa. 05Update Refi ning & Petrochemicals Middle East April 2020www.refi ningandpetrochemicalsme.comSABIC has increased its stake in Clariant to 31.5%, the Saudi-Arabia-headquartered petro- chemicals company said. Shares in the Swiss-headquartered special- ties player rose over 4.5% in trading after news emerged that SABIC had upped its holding in the company from 24.99%, according to a fi ling on Saudi Arabia’s Tadawul bourse. According to local securities laws, an investor increasing its stake in a publicly-traded company to over a third triggers a mandatory takeover off er. SABIC itself is in the process of being acquired by Saudi state oil and gas major Saudi Aramco. SABIC ramping up its holding in Clariant positions the business as one of the most likely takeover targets in the European chemicals sec- tor, according to analysts at Baader Bank. SABIC itself is in the process of being acquired by Saudi state oil and gas major Saudi Aramco. ENOC Group’s operations spans over 60 markets, with plans to further expand its international presence across key markets ENOC Misr expands distribution and starts production in Egypt Saif Humaid Al Falasi, group CEO of ENOC. RISING FALLING The Middle East stands third in new-build and expansion chlorine capacity of 0.34mtpa by 2024. The major capacity additions will be from the UAE. Saudi Aramco’s total 2019 hydrocarbon reserves under the concession agreement were 258.6 billion boe, compared to 256.9 billion boe in 2018. Equinor unveiled action plan to strengthen financial resilience in 2020, reducing organic capex for 2020 from $10-11bn to around $8.5bn, a reduction of around 20%. Iran is expected to lead the Middle East refining industry by contributing around 31% of refining capacity additions from planned and announced (new-build) projects by 2024. Led by a large decline in China due to the effects of the Covid-19, ACC’s Global CPRI shows that global chemicals production fell by one percent in January. OMV, which currently owns a 36% stake in Borealis, will acquire an additional 39% from Mubadala, increasing its stake to 75%. Mubadala will retain a 25% interest. Profit margins in China’s crude oil refining sector plunged 42% in 2019 from a year earlier, according to the China Petroleum and Chemical Industry Federation (CPCIF). Preem has chosen HydroFlex renewable fuel technology to produce clean renewable diesel and jet fuel at their Gothenburg refinery in Sweden, with potential to save 2.5 million tonnes of CO2. SABIC ups stake in Clariant to 31.5%, close to mandatory takeover off er McDermott International announced that the US Bankruptcy Court for the Southern District of Texas has confi rmed the company’s plan of reorganisation and approved the sale of Lum- mus Technology to a joint partnership between The Chatterjee Group and Rhône Capital. “With the support of our creditors, employees, customers and suppliers, we have been able to confi rm our plan of reorganisation less than two months after we initially fi led for Chapter 11,” said David Dickson, president and CEO of McDermott. “This is a signifi cant achievement and allows us to emerge in the near-term as a stronger, more com- petitive player, with a sustainable capital structure that matches the strength of our operating busi- ness. I would like to thank our customers, employ- ees, suppliers, partners, lenders and advisors for their support during the process and continued confi dence in our business.” US court approves sale of Lummus Technology David Dickson, president and chief executive officer of McDer- mott. $4.6bn The transaction will allow the company to emerge with more cash on hand than debt, eliminating over $4.6bn of debt. ENOC Misr, a joint venture between Proserv Group and the UAE’s ENOC, signed a memorandum of understanding with local lubricant manufacturers to eval- uate blending and manufacturing ENOC lubricants in Egypt. The move comes as part of ENOC Misr’s ambitious plans to maximise operational effi ciency and en- sure product availability in the local mar- ket. The agreement will also enable ENOC Misr to strengthen its presence in the Egyp- tian market and off ers an alternate supply option to neighbouring countries. Saif Humaid Al Falasi, group CEO of ENOC, said: “The Egyptian market is one of the largest in Africa, contributing to the continent’s lubricants consump- tion. With a population of almost 100 million and an estimated growth rate of 2.2%, comes a consistent increase in demand for lubricant products and solutions. This, coupled with the coun- try’s large refi neries and government investment strategy has encouraged key industry players to continue investing in the lubricants industry in Egypt. The de- cision to strengthen our local presence through the set-up of blending and man- ufacturing operations in Egypt demon- strates our commitment to establish key infrastructure projects needed to drive the country’s socio-economic growth.” 06 Refi ning & Petrochemicals Middle East April 2020www.refi ningandpetrochemicalsme.com NewsSaudi Aramco announced its full-year 2019 fi - nancial results, delivering strong profi ts and dividends despite a lower price environment and challenging margins in refi ning and chemicals. Net income was $88.2bn for the full-year 2019, compared to $111.1bn in 2018. The decrease was primarily due to lower crude oil prices and pro- duction volumes, coupled with declining refi ning and chemical margins, and a $1.6bn impairment associated with Sadara Chemical Company. Free cash fl ow was $78.3bn, compared to $85.8bn the previous year. This was primarily due to lower income, off set by lower capital ex- penditures and favourable working capital move- ments. The balance sheet showed a gearing ratio of -0.2% at the end of 2019, demonstrating the company’s strong and prudent fi nancial frame- work. Total dividend payments were $73.2bn in 2019. As disclosed in the IPO prospectus, the company has declared ordinary dividends of $3.9bn, covering the period from 5 December 2019, the date IPO shares were allocated to inves- tors, through 31 December 2019. OMV to acquire 39% additional shareholding in Borealis from Mubadala for $4.68bn GP Global has announced the expansion of the group’s bunkering portfolio with the launch of its new bunkering operation in the port of Jebel Ali. Jebel Ali Port, operated by DP World, con- tributes over 26% to Dubai’s GDP and along with JAFZA provides $41.1bn, or 10.7% to the UAE’s national GDP making it a key player in the development of the UAE economy. GP Global’s new bunkering operation in- cludes two wholly owned barges, each with a capacity of 4,800MT of fuel oil and 1,000MT of gas oil, which will deliver MARPOL and ISO-compliant distillate marine, including high-quality marine gasoil (MGO) grades such as DMA and DMB as well as residual fuels, in- cluding RMG and RME grades. Subsequently, GP Global will continue to champion the bun- kering industry’s needs for ISO-compliant high-sulphur grades, working closely with its customers and partners on cleaner energy so- lutions. The new Jebel Ali bunkering operation of GP Global complements its operations in the UAE at the Port of Fujairah, where it had set a group milestone by completing its fi rst delivery of IMO-compliant fuel oil, three months ahead Jebel Ali Port, operated by DP World, is the fl agship operation of its port- folio of over 78 marine terminals across six continents GP Global boosts global bunkering portfolio with launch of new operation in Jebel Ali Port GP Global to operate two wholly owned bunker barges out of Jebel Ali, the largest port in the Middle East and ninth busiest in the world. NEWSMAKER OMV and Mubadala Investment Company signed an agreement that will give OMV a con- trolling stake in Borealis, one of Europe’s leading petrochemical companies. OMV, which currently owns a 36% stake in Borealis, will acquire an ad- ditional 39% from Mubadala, increasing its stake to 75%. Mubadala will retain a 25% interest. The closing of the transaction is expected by the end of 2020 and is subject to regulatory approvals. Pursuant to the agreement, OMV is entitled to all dividends in relation to the additional shares in Borealis distributed after 31 Decem- ber 2019. OMV will fully consolidate the results of Borealis in its fi nancial statements. In 2019, Borealis generated worldwide total sales of $10.89bn and a net profi t of $969.32mn. Rainer Seele, chairman of the OMV execu- tive board and CEO, said: “This transaction is not just another milestone in the implementa- tion of our strategy, but the biggest transforma- tion in OMV’s history. This turns OMV into a global oil, gas and chemicals group, whose in- tegrated business model extends from the well- head to high-quality plastic and repositions the group for a low-carbon future.” Saudi Aramco reports net income of $88.2bn in 2019 of the January 2020 deadline. The group’s en- tire bunkering operations in the UAE – includ- ing Dubai and Fujairah – is supported by GP Global’s trucking business to cover fuel oil and marine gas oil in major ports in the country. Anil Keswani, head of bunkering, East of Suez, at GP Global, said: “Our East of Suez business has reported a growth of over 25% last year in revenue, which underlines the strong opportunity and potential of the region. With our new bunkering operation at Jebel Ali Port, we are not only consolidating our strengths in the bunkering business by continuing to invest in our physical presence in all major interna- tional ports, but also demonstrating our com- mitment to building a robust and reliable sup- ply chain to meet customer needs.” Amin H Nasser, Saudi Aramco president and CEO, recently sent a message to Saudi Aramco employees regarding Covid-19. A quote from the message: “To our colleagues in the frontline at our fi elds, plants, refi neries, terminals, and other locations, as well as Johns Hopkins Aramco Healthcare, I want to say that your contribution is beyond measure. You are inspiring the rest of the Aramco family. Thank you for everything you are doing. Equally, we are sparing no eff ort to ensure that we have a safe working environment, with extensive disinfection eff orts and health protocols being reinforced and continually tested.” 07 Refi ning & Petrochemicals Middle East April 2020www.refi ningandpetrochemicalsme.com News“The recent Covid-19 out- break and its rapid spread illustrate the importance of agility and adapt- ability in an ever-changing global land- scape.” Amin H Nasser, president and CEO, Saudi Aramco “The impact of the corona- virus on oil markets may be temporary. ” Dr Fatih Birol, executive di- rector, IEA Middle East is likely to be a promising region for the petrochemicals demand during forecast period. GCC’s investments in the petrochemicals industry done through the merger and acquisition deals as well as the joint ventures exceeded $140bn in 2019. The Saudi government, is pushing for a more signifi cant presence in the downstream industries, especially petrochemicals, in ac- cordance to the nation’s vision to reduce the crude oil dependency. Integration of fuels refi ning with petro- chemicals and polymer production is likely to be a key trend witnessed by global petro- chemicals industry by 2027. Petrochemicals integration is expected to provide the refi ners the access to fast-growing chemical markets, and a hedge against weakening demand growth for gasoline and diesel. Petrochemical market is the backbone to some of the crucial industries, which include automotive, healthcare, agriculture, textiles, and consumer durables. However, the end-users are likely to seek eco-friendly alternatives to the petrochemicals, in order to achieve several sustainable development goals in the near future. Implementation of the IMO sulphur cap NEWS IN QUOTES THE BIG PICTURE Transparency Market Research report: Petrochemicals market value will be worth $7tn by 2027 In terms of value, the global petrochemicals market is anticipated to expand at a CAGR over four percent from 2019 to 2027, and surpass the value of $7tn by 2027. (Image for illustration only) reduction on ship fuel, from 3.5% to 0.5%, and the forthcoming variations in demand trends in accordance to fuel quality and emis- sion standards, are likely to have signifi cant impact on the petrochemicals supply chain during forecast period. Factors such as electrifi cation of passenger cars, and rise in acceptance of alternative drive-train technologies for commercial ve- hicles poses a risk to the demand for gasoline and diesel. This trend will have a growing impact on refi ned products and petrochemi- cals demand over the next few decades. Saudi Aramco’s crude-oil-to-chemicals (COTC) project in Yanbu aims to produce nine million tonnes/year of petrochemicals and base oils by 2025. ADNOC along with a consortium of Indian oil companies, is work- ing on a $44bn refi nery and petrochemicals complex in India, which is expected to start up in 2025. In October 2019, SABIC signed a $50mn deal with US-based industrial service fi rm Baker Hughes, to develop local capacity, creating downstream business opportunities and industry diversifi cation. In July 2019, PRefChem – Saudi Aramco’s refi nery and petrochemical joint venture with Malaysian state oil fi rm PETRONAS in Pengerang, an- nounced the commencement of 300,000bpd oil refi nery and a petrochemicals complex with annual production capacity of 7.7mn tonnes. Based on product, the global petro- chemicals market is broadly segregated into ethylene, propylene, butadiene, benzene, xylene, toluene, vinyls, styrene and methanol. Demand for propylene is likely to expand at a CAGR close to 5% from 2019 to 2027. Polypropylene production will account for the largest share of new propylene consump- tion, followed distantly by propylene oxide, cumene, and acrylonitrile. GCC’s investments in the petrochemicals industry done through the merger and acquisition deals as well as the joint ventures exceeded $140bn in 2019 $140bn “Based on this unprecedent- ed environment, we are evaluating all appropriate steps to signifi - cantly reduce capital and operating ex- penses in the near term.” Darren Woods, chairman and CEO, Exxon Mobil Corpo- ration 08 Refi ning & Petrochemicals Middle East April 2020www.refi ningandpetrochemicalsme.com NewsThe reason is the new market conditions due to Covid-19 TechnipFMC puts on hold the plans to demerge the company as two independent, publicly traded fi rms According an update issued by TechnipFMC on the company’s plans to separate as Tech- nipFMC and Technip Energies, the company has issued a media statement saying that the market conditions have changed materially due to the Covid-19 pandemic, the sharp de- cline in commodity prices, and the height- ened volatility in global equity markets. The impacts of these events have created a market environment that is not currently conducive to the company’s planned sepa- ration into TechnipFMC and Technip Ener- gies. The company reiterated that the strategic rationale for the separation remains un- changed, and the company is committed to the transaction, and continues its prepara- tions to ensure that the two companies are ready for separation when the markets suf- fi ciently recover. G20 leaders must take collaborative action to increase access to products needed to fi ght Covid-19, urges ACC The following statement is attributed to American Chemistry Council (ACC) presi- dent and CEO, Chris Jahn, in response to the virtual G20 summit: “US chemicals manufacturers are calling for G20 leaders to increase international coordination and prioritise multilateral responses to the Covid-19 pa n d em i c . He a l t h c a r e workers and workers in ess e n t i a l in d u s t r i es around the globe are in dire need of prod- ucts and equipment that can help save lives, and chemicals and plastics have been recog- nised for their critical role in eff orts to ramp up the production and distribution of those products.” “Life-saving products belong in the hands of the heroes who are saving lives – both in the United States and around the globe. We urge G20 leaders to fortify the global supply chains that make these products possible by lifting tariff s and export restrictions and avoiding barriers to trade that will other- wise impede eff orts to save lives.” The American Chemistry Council, formerly known as the Manufacturing Chemists’ Asso- ciation and then as the Chemical Manufactur- ers’ Association, is an industry trade associa- tion for American chemical companies. $3bn $221.23mn 4mmbpd 300,000bpd Equinor unveils $3bn action plan to strengthen fi nancial resilience in 2020 Maire Tecnimont enters the Turkish market with a $221.23mn EPC contract ADNOC positioned to increase supply to over 4mmbpd in April 2020 IN NUMBERS Ma’aden announced the appointment of Mosaed Al-Ohali as the new CEO and an executive member of the board of directors of the company, with effect from 1 April 2020. Al-Ohali has an experience of more than 34 years in industrial management, including his tenure with SABIC in several senior positions since 1984. He has served on the board of directors for several com- panies as well as government and interna- tional organisations. Al-Ohali holds a master’s degree in chemi- cal engineering from King Fahd University of Petroleum and Minerals. His appointment is subject to the approval of the fi rst general assembly meeting. Ma’aden was formed as a Saudi joint stock company on 23 March 1997 for the purpose of facilitating the develop- ment of Saudi Arabia’s mineral resources. Ma’aden appoints Mosaed Al-Ohali as new CEO As seen in this fi le photo, in March 2019, Borouge awarded TechnipFMC, Maire Tecnimont and WorleyParsons three major contracts for the fourth phase of the Ruwais petrochemicals complex, which will include the world’s largest mixed feed cracker. As seen in this fi le photo, the contracts were signed by Ahmed Omar Abdulla (sitting, centre), CEO, Borouge, Marco Villa (sitting, left), president EMIA, TechnipFMC, and Pierroberto Folgiero (sitting, right), group CEO, Maire Tecnimont, in the presence of Abdulaziz Alhajri (standing, right), executive director, Downstream Directorate, ADNOC, and Alfred Stern, chief executive, Borealis. (Image for illustration only) Saudi Arabia wants to install a refi nery with a capacity of 300,000bpd Chris Jahn, president and CEO, American Chemistry Council (ACC). 09 Refi ning & Petrochemicals Middle East April 2020www.refi ningandpetrochemicalsme.com NewsNext >