RIYADH: Sahara International Petrochemical Co. on Monday began supplying hydrogen to Saudi Aramco Shell Refinery Co., Argaam reported citing the company’s bourse filing.
The company attributed the delay in completing the project to the coronavirus 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 fourth quarter of 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.
Saudi Aramco to split gas business to prepare for hydrogen future: BloombergSipchem targets $6.6bn projects under government Shareek program