Sipchem gets Aramco notice on feedstock price increase

One of Sipchem's factories

Sahara International Petrochemical Co. (Sipchem) announced receiving an official notice from Saudi Arabian Oil Co. (Saudi Aramco) on an increase in some feedstock prices as of Jan. 1, according to a statement to Tadawul.

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The company expects a 2% rise in the cost of sales as per the latest audited financial statements, which will likely appear as of Q1 2025.

Sipchem will continue to pursue cost efficiency and develop a sustainable business portfolio aligning with its strategy, the statement said.