Halliburton has announced the opening of the Halliburton Chemical Reaction Plant, the first of its kind in Saudi Arabia, which will produce a wide range of chemicals for the whole oil and gas value chain, as well as a variety of other sectors.
Jeff Miller, Chairman, President, and CEO of Halliburton explained: “We are excited to complete this significant investment and to deliver our chemical applications expertise to our Eastern Hemisphere customers. “This world-class plant is part of our more than $1 billion commitment to Saudi Arabia over the past 10 years. It further increases our in-country presence and supports the ‘In Kingdom Total Value Add’ program by providing new opportunities to local suppliers, vendors, other manufacturing partners, and the local workforce.”
“This world-class plant is part of our more than $1 billion commitment to Saudi Arabia over the past 10 years”
The facility will allow Halliburton to extend its speciality chemicals research and applications for oilfield stimulation and production, in addition to manufacturing. Furthermore, Halliburton is now better positioned to serve the region’s industrial water and process treatment markets, which include refineries, petrochemical plants, and other heavy industrial activities.
Halliburton is now better positioned to serve the region’s industrial water and process treatment markets
The plant, which is located in Jubail’s PlasChem Park, expands Halliburton’s growing footprint and commitment to the local market by providing expanded research, development and technical solutions.
“The new downstream industries envisioned for PlasChem Park are vital for the future of the Kingdom’s chemicals and petrochemicals industry. The inauguration of the Halliburton Chemical Reaction Plant, along with the upcoming projects, will help realize the Kingdom’s Downstream Initiative, combining global expertise with the special chemicals that Sadara produces, for the benefit of local, regional and global markets,” said Sadara Chemical CEO Dr Faisal Al-Faqeer.