The Saudi Arabian Industrial Investments Company (Dussur) and Baker Hughes, an energy technology company, inaugurated the “Petrolite” chemical manufacturing facility in Al Jubail.
This inauguration of the facility was under the patronage of the Minister of Energy Abdulaziz bin Salman.
The Minister of Investment Khalid Al-Falih and the Minister of Industry and Mineral Resources, Bandar Alkhorayef attended the inauguration.
This Petrolite chemical manufacturing facility will meet the chemical and industrial needs of the oil fields, reported Al Yaum.
The Saudi Minister of Energy Abdulaziz bin Salman said that the growth of global demand for petrochemicals will continue. The minister added that the sector is witnessing rapid growth. He stressed that those who talk about the energy transition must accept the reality of today and the future.
The Saudi Minister of Energy explained, during his speech on the sidelines of the annual GPCA conference held in Doha last December, that the rapid growth of the petrochemical sector and global demand for petrochemicals will necessarily be reflected on the volume of demand for hydrocarbons as raw materials.
“Petrochemicals will stay, and the hydrocarbon sector will continue to generate income and generate money for investor. Therefore, I would like to ask our friends who are talking about transformation, to adapt to the data in their hands, and the available facts today, and for decades to come,” said the minister.