imagen_2024-04-04_172543630

Samsung, GS win record gas plant deals in Saudi Arabia

South Korean builders Samsung E&A and GS Engineering & Construction have secured a contract worth a combined total of $7.2 billion for the construction of a substantial gas plant in Saudi Arabia, the two companies announced Wednesday. The landmark deal represents the largest plant construction agreement secured by Korean companies in the kingdom. The two…

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Sabic confirms closure of plant with jobs to go

Photo: Freepik Hundreds of workers could lose their jobs after the manufacturing and chemicals giant Sabic announced the closure of its site in north-east England. The Saudi Arabian firm, one of the world’s largest petrochemical manufacturers, will shut its Olefins 6 cracker plant in Wilton, Teesside, after 46 years of it operating. The exact number…

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Russia wants a lucrative share of the world’s lithium market, but it’s hitting roadblocks

Lithium ore falls from a chute at a facility in Australia in this file image. Carla Gottgens/Getty Images/Bloomberg Creative Photos© Carla Gottgens/Getty Images/Bloomberg Creative Photos Russia wants to become a top lithium producer but faces a challenging environment. Its largest lithium mining project was sanctioned by the US in January. China, a partner in Polar Lithium,…

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