Sipchem starts hydrogen supply to SASREF

27/09/2021 Argaam

Logo of Sipchem

Sahara International Petrochemical Co. (Sipchem) announced today, Sept. 27, the start of supplying hydrogen to Saudi Aramco Shell Refinery Co. (SASREF) after undergoing processing at the company's facilities, according to a bourse filing.

 

The company attributed the delay in completing the project to COVID-19 pandemic, which further delayed the process of receiving equipment, thus resulting in productivity loss in construction.

 

The financial impact of this agreement will reflect on the company’s Q4 2021 financial results.

 

The agreement will enhance Sipchem’s presence as a reliable supplier in hydrogen production and open up many areas for the company in the gas industry.

 

According to data compiled by Argaam, Sipchem signed in May 2019 an agreement with SASREF to supply hydrogen gas for a period of 20 years.

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