Rabigh Refining and Petrochemical Company, abbreviated as (Petro Rabigh), is a public joint-stock company listed on the Saudi Exchange, 'Saudi Tadawul', registered under Commercial Register No. 4602002161 dated 2005 as a limited liability company. It was converted into a joint-stock company by Ministerial Resolution No. 262/R in 2007.
It was listed on Saudi Tadawul on January 27, 2008, and its shares are traded on the main market within the energy sector under the symbol (2380), name (Petro Rabigh), and ISIN (SA120GAH5617). The company's capital is SAR16.71 billion, according to the update of June 9, 2022.
Establishment of Rabigh Refining and Petrochemical Company
Rabigh Refining and Petrochemical Company was established in 2005 as a joint venture between Saudi Aramco and Sumitomo Chemical Co., Ltd. The project's value is approximately SAR16.71 billion (25 percent funded by public investors, with the rest equally funded by Sumitomo Chemical Co., Ltd. and Saudi Aramco). It has an annual production capacity exceeding 18.4 million t of petroleum products and 2.4 million t annually of propylene and ethylene derivatives. Its products are used as materials in various end products including plastics, lubricants, oils, detergents, coolants, antifreeze, carpets, paints, ropes, clothing, automotive interiors, shampoo, adhesives, insulations, fibers, films, packaging materials, household appliances, candles, and pipes.
Rabigh Refining and Petrochemical Company's products encompass a range of applications that offer novice investors an opportunity to establish new industries in the region. Additionally, Petro Rabigh provides numerous investment opportunities through the Rabigh Plastic Technology Complex, which is the first industrial complex dedicated to downstream industries in the Kingdom. Designed to accommodate polymer complex projects, Petro Rabigh's downstream industries utilize raw materials to produce chemical compounds such as polyols, xylenes, solvents, and polymer stabilizers. There is also the Rabigh Plastic Technical Center, a facility managed by Sumitomo Chemical.
Products of Rabigh Refining and Petrochemical Company
Petro Rabigh operates its factories to produce polymers, chemicals, and petroleum derivatives. The polymers it produces include polypropylene, polyethylene, ethylene-vinyl acetate, ethylene propylene rubber, polymethyl methacrylate, and thermoplastic olefins.
Rabigh Refining and Petrochemical Company produces various products, including polymers, monomers, petroleum derivatives, and polymers such as high-density polyethylene, homopolymer polypropylene, impact copolymer polypropylene, linear low-density polyethylene, low-density polyethylene, ethylene vinyl acetate, ethylene propylene rubber, ethylene propylene diene monomer rubber, thermoplastic olefins, polymethyl methacrylate, polyamide (nylon), mono ethylene glycol, propylene oxide, methyl methacrylate, phenol, acetone, para-xylene, benzene, petroleum derivatives, fuel oil, diesel, gasoline, jet fuel, kerosene, naphtha, and liquefied petroleum gas (LPG).
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