The production and sale of gasoline, kerosene, diesel fuel, and fuel oil are traditional for the oil refining industry. These are refined hydrocarbons and petroleum products.
Initially, the company produced 18.4 million tons of oil products per year. The first new product of Rabigh Refining & Petrochemical Company is a thermoplastic olefin used in artificial rubbers for automotive parts and industrial products. Another new product of the company was polyamide 6, which is used for packaging food products.
This material is also called nylon 6. Polyamide 6, or nylon 6, is also used for the manufacture of textiles, bearings, gears, car parts.
The company annually produces more than 2.4 million tons of products based on ethylene and polypropylene. Rabigh Refining & Petrochemical Company has its scientific base, developing new products for the industry.
Plants of the Rabigh Refining & Petrochemical Company are engaged in the production of plastics, detergents, lubricants, resins, coolants, types of antifreeze, paints, shampoos. The company produces carpets, ropes, clothes, epoxy glue, household appliances, candles.
Rabigh Refining & Petrochemical Company’s research and development center is called Rabigh PlusTech Park. Here they research the field of mixing polymer materials for the conversion industries of the state.
Sumitomo Chemical conducts its research in the Kingdom of Saudi Arabia. Sumitomo Chemical founded a research center called Rabigh Plastic.
The Rabigh Plastic Center, part of the Rabigh Refining & Petrochemical Company, provides technical support and training in plastics processing technologies.
According to the financial report, Rabigh Refining & Petrochemical Company can be called successful. Shares of the Rabigh Refining & Petrochemical Company are listed on the Saudi TADAWUL exchange. Forex analysts observe the constant and stable growth of the economic wellbeing of the company.
By the economic strategy adopted by Saudi Arabia, by 2030, Rabigh Refining & Petrochemical Company should be considered one of the richest and most successful.
Each year, the company produces and sells 140 million barrels of petroleum products and 5 million tons of petrochemical products.
Initially, shares of Rabigh Refining & Petrochemical Company were publicly listed on the Saudi TADAWUL stock exchange in 2008. Citizens of the Kingdom became buyers of securities on the Saudi stock exchange.
Over 4.5 million Saudis acquired the company’s shares. As a result of the investment, the value of the shares of the company immediately jumped five times.
On August 4, 2019, the value of the shares of Rabigh Refining & Petrochemical Company amounted to 19.22 SAR.
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