In the presence of HRH Prince Abdulaziz Bin Salman Al Saud, Minister of Energy, His Excellency Mr. Bandar bin Ibrahim AlKhorayef, Minister of Industry & Mineral Resources, and His Excellency Mr. Khalid Bin Abdulazizi Alfaleh, Minister of Investment, the Saudi Arabian Industrial Investment Company “Dussur” and Baker Hughes formally inaugurated today the joint (Saudi Petrolite Chemicals) facility focused on providing oilfield and industrial chemicals in The Kingdom of Saudi Arabia.
The new specialty chemicals manufacturing facility aims at increasing KSA’s supply base targets of raw materials like solvents and glycols and accelerating the development of manufacturing skills and capabilities of the local workforce. With faster delivery of fit-for-purpose chemical solutions, the facility is closer to customers and suppliers, creating efficiencies across the business.
On this occasion, Dr. Raed Al-Rayes, CEO of Dussur, says: “The establishment of the new Saudi Petrolite Chemicals Facility comes to maximize the developmental and economic impact in the Kingdom. It also comes within Dussur’s objectives, which contribute to supporting and enhancing strategic industrial investments, in a sustainable manner”.
The Dussur CEO also confirmed that the new factory works to provide localization opportunities to increase local raw materials and support the development of the local workforce and delivery to customers in Saudi Arabia, through shorter periods of time, and with these multiple characteristics, it possesses a highly valuable preferential advantage.
“Today, is a testament to Baker Hughes and Dussur’s continued efforts to drive in-country value to better serve the chemicals market in the Kingdom and across the region. Aligned to the Kingdom’s vision, the inauguration of the Saudi Petrolite Chemicals facility marks another milestone in the Kingdom’s remarkable journey of economic and industrial growth – and for Baker Hughes, I am proud to be a part of the journey, that we started more than 85 years ago in KSA, as we invest in growth together,” said Lorenzo Simonelli, Chairman and CEO, Baker Hughes.
The Saudi Petrolite Chemicals facility spans approximately 90,000 square meters with an on-site quality control lab, Ethylene Oxide and Propylene Oxide pipeline feedstock, and 18 storage tanks. The facility manufactures demulsifies, corrosions, paraffin dispersants and many other chemicals for the upstream, downstream, petrochemical and power markets in country. Manufacturing equipment also includes two reaction vessels, two blend tanks and 15 bulk liquid storage tanks.
