Petro Rabigh signs 3 MoUs with Rabigh PlusTech Park investors

14/12/2022 Argaam

Petro Rabigh signs 3 MoUs with Rabigh PlusTech Park investors

Logo of Rabigh Refining and Petrochemical Co.  

Rabigh Refining and Petrochemical Co. (Petro Rabigh) signed, on Dec. 13, three memoranda of understanding (MoUs) with investors to establish manufacturing factories in the Rabigh PlusTech Park, according to a statement to Tadawul. 

 

An MoU was concluded with Pure Life Industries Middle East Co. to produce 80,000 water filters and flat ceramic membranes yearly. In addition, another one was signed with Saudi Top Co. to produce 50,000 tons per annum (tpa) of recycled polymer compounds. 

 

The third MoU was inked with Green Community Co. to produce 100,000 tpa of recycled plastic resin for food applications. 

 

This will contribute to achieving Vision 2030 goals and maximize the added value of hydrocarbons, the company added. 

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