Oil Field Chemicals. Saudi Aramco: Public

Transcription

1 2017 Oil Field Chemicals

2 Disclaimer The next slides contain forward-looking statements regarding future events based on current expectations, estimates, forecasts, and projections. The data is subject to updating, revision, further verification and amendment without notice. No reliance may be placed for any purpose on the information or opinions contained in this presentation or any other document or statement, or on the completeness, accuracy or fairness of such information or opinions therein. No representation or warranty, express or implied, is made or given by or on behalf of Saudi Aramco or its employees, or any other person as to the accuracy or completeness or fairness of the information or opinions contained in this presentation and no responsibility or liability is accepted by any of them for such information or opinions or for any errors, omissions, misstatements, negligent or otherwise, or for any communication written or otherwise, contained or referred to in this presentation.

3 Your company can benefit from the KSA advantage 1 Funding incentives 2 Affordable land & utilities 3 Skilled labor 4 World-class logistics 5 Government support The KSA advantage KSA is the largest Middle East market and one of the top 20 world economies Source: Saudi Aramco analysis

4 Table of Content Corrosion Inhibitors Production chemicals Drilling muds Well Stimulation Fluids Demulsifiers

5 Several opportunities, across manufacturing and services, exist for corrosion inhibitors Manufacturing/investment Opportunities Raw Materials Finished Products Employment 1 Potential to develop local plants for ethoxylates, copolymers, phosphonates and amidoamines which are key end products for final formulations Potential for manufacturers of input materials such as ethoxylates to integrate vertically into blending and formulation of finished products 140 FTEs GDP contribution 1 Additional SME opportunities Testing & Certification Logistics and transportation $ 30 mn 1-2 SMEs (CBM, Testing and Inspection) 1-2 SMEs (iso containers, flatbed trailers, trucks) 1. Employment and GDP figures are estimations based on NAICS code ; calculations based on 2025 demand Source: Saudi Aramco Analysis

6 Corrosion Inhibitors are an important production chemical, constituting ~20% of a large Middle Eastern OFS market 2014 Production chemicals for oil field applications Global market segmentation (%) Middle East Market segmentation (%) 9% 5% 9% 7% 8% 7% 10% 24% 20% At a global level, demulsifiers and corrosion inhibitors command ~45% market share of an ~2million ton market 11% 1% 6% 2% 7% 13% 21% 40% In the Middle East demulsifiers and corrosion inhibitors command ~60% of an ~130 ktpa market Demulsifiers Corrosion Inhibitors Water clarifiers Biocides Scale inhibitors H2S Scavenger Paraffin inhibitors Gas well foamers Other Demulsifiers Corrosion Inhibitors Water clarifiers Biocides Scale inhibitors H2S Scavenger Paraffin inhibitors Gas well foamers Other Source: Saudi Aramco analysis, IHS Report: Specialty Chemicals Update program

7 Corrosion Inhibitors also have applications beyond oil field chemicals such as water, power generation and processing 2014 Global Market Breakdown By Application By Industry Sector 10% 9% 13% 8% 32% 28% 12% 11% 20% 6% 21% 30% In KSA, largest consumers of corrosion inhibitors are oil & gas, metal processing and water treatment Inhibitors Coagulants and Flocculants Biocides & Disinfectants ph adjusters and Stabilizers Anti-foaming agents Others Power generation Oil & gas Pulp & paper Metal processing Chemical processing Others Source: Saudi Aramco analysis, Technavio Market Research, RCJY report, Purolite Internacional and SRI reports

8 Corrosion inhibitor formulations comprise of several key input materials in different proportions Corrosion inhibitor chemicals covered in this value proposition Fatty diamines Copolymers Polyoxyalkylated amines / alcohols (EO/PO based) Quaternaries Amidoamines Corrosion inhibitors Betaines Phosphate esters Phosphonates Acetylenic alcohols Imidazolines Quaternary ammonium salts Alkyl pyridine 1. Formulation will be different based on manufacturer and end application Source: IHS

9 The KSA Corrosion inhibitors market is expected to grow at 4% annually reaching 23 KTPA in 2025 KSA corrosion inhibitors demand market size Water Oil & gas +4% Volume ( 000 MT) +7% Water value ($ MM) $30 $31 $32 $33 $34 $35 $36 $37 $38 $45 O&G Value ($ MM) $31 $31 $36 $39 $41 $45 $47 $54 $57 $75 Source: Saudi Aramco analysis, IHS Chemicals: specialty chemicals update program, GWI

10 Corrosion inhibitor market in ME for oil field applications is expected to grow up to 41 Ktpa by 2025, at 4% CAGR ME corrosion inhibitors expected market size evolution ( 000 Tons) Oil field applications only Both the ME and KSA markets are expected to grow at roughly the same pace, with KSA commanding ~30% of the ME market Volume (KTPA) Rest of ME Value ($ MM) KSA Value ($ MM) Rest of Middle East KSA (30%) (32%) % 29 9 (32%) (34%) (32%) $45 $47 $54 $57 $ Source: Saudi Aramco analysis, IHS Chemicals: specialty chemicals update program

11 Gaps across the value chain for corrosion inhibitors present opportunities for SMEs Corrosion inhibitors manufacturing value chain Tiering Tier-1/2/3 Low High Step Raw materials Chemical synthesis Solution packaging & formulation Transportation and logistics Technical assistance Localization potential Gaps Raw materials of EO already localized at Sadara value park Petroleum products e.g. heavy naphtha already available locally Limited potential for additional raw materials as several other products are proprietary Potential for local facilities to produce key synthesis products such as ethoxylates, copolymers, phosphonates and amidoamines 8 players in KSA already approved for formulation- limited potential for new pure play blenders Potential for new blending facilities to cater to market growth and potential for manufacturers of key chemicals to integrate vertically Limited presence of toll blenders Limited presence of advanced maintenance and testing/inspection facilities Potential exists to further develop logistics and supply chain capabilities such as - Long haul trucking - Iso containers - Loading and warehousing Technical assistance is part of contract with tier1 s Potential exists for Tier 1 s further develop additional local capabilities to handle after sales requests (e.g. set up a vocational institute) Source: Saudi Aramco analysis

12 No synthesis products are currently produced in Kingdom, however raw material such as EO/PO are readily available Raw materials used in the synthesis of corrosion inhibitors Not Exhaustive Chemical(s) Fatty diamines Copolymers Polyoxyalkylated and ethoxylated amines / alcohols Quaternaries Amidoamines Betaines Phosphate and polymeric esters Phosphonates Acetylenic alcohols Imidazolines Quaternary ammonium salts Alkyl pyridine Source: Saudi Aramco Current KSA production EO/PO Available EO and PO are key raw materials for several synthesis products necessary for corrosion inhibitors- these are readily available from Sadara

13 SMEs have an opportunity to enhance logistics across the value chain Corrosion inhibitors and logistics value chain Supplier Loading Key features Corrosion inhibitors can be stored in drums, with a capacity of ~13,000L, or in iso-tanks, with a capacity of ~24,000L SME opportunities Offer customized on-site logistics Supplying iso-containers, conveyer belts, and drums Drive loading operations Transportin g Terminal operations & storage Corrosion inhibitors can be transported in one of two ways: Tank, drum, or iso-tank storage and transported on cargo trailers, van trailers or flatbed trailers Pumping stations along a pipeline Pumping, monitoring, and measuring equipment required to ensure smooth operations To control liquid flow and output to the storage tanks or the well site, different pressure pumps are used To manage high volume of corrosion inhibitor transfer, manifold trailers are used Enhance value offering via reduced turnaround times Transport corrosion inhibitors via tank, drums, or isotanks Provide trucking for the transportation of corrosion inhibitors Offer state of the art monitoring and measuring systems Supplying advanced storage facilities such as tanks and drums Saudi Aramco currently manages its own corrosion inhibitor logistics and transport and is willing to consider credible 3PL to provide additional services Source: Saudi Aramco

14 Gaps across the value chain for corrosion inhibitors present opportunities for SMEs Corrosion inhibitors manufacturing value chain Tiering Tier-1/2/3 Step Raw materials Chemical synthesis Solution packaging & formulation Transportation and logistics Technical assistance Opportunities 1. Potential for SMEs to liaise with leading producers and make niche raw materials required for synthesis (beyond EO/PO) 2. Potential for players to set up 1-2 facilities to produce key synthesis products from EO/PO raw material such as ethoxylates 3. Potential for 1-2 additional formulation facilities for corrosion inhibitors to cater to existing demand as well as future growth in demand 4. Potential for additional local toll blending facilities 5. Offer customized on-site logistics 6. Provide enhanced value offering via reduced turnaround times 7. Offer state of the art monitoring and managing systems 8. Partner with leading players to establish vocational and training facilities to train local staff in technical assistance Source: Saudi Aramco analysis

15 Next steps: Please direct all inquiries to Khazisyed Ahmedjeelani Industrial development department Saudi Aramco We invite you to engage with the iktva program and grow your business in Saudi Arabia

16 Table of Content Corrosion Inhibitors Production chemicals Drilling muds Well Stimulation Fluids Demulsifiers

17 Rationale Opportunity Key opportunities for localization Other production chemicals Input chemicals and materials Blending and formulation Logistics and supply chain Establish local production of key input materials 1 e.g. polyacrylamide, polyacrylates and non ionic surfactants Vertically integrate production of input materials and develop blending facilities Establish local toll blending facilities Provide handling services e.g. drums and iso containers Provide transportation and loading e.g. flatbed trailers and manifold trailers No local production of these raw materials in KSA Diverse applications beyond oil field chemicals (e.g. surfactants) Additional demand of ~8 ktpa in KSA and ~42 ktpa in Middle east by 2025 Opportunity for raw material manufacturers to integrate and capture market share Limited presence of local toll blenders Demand for additional iso tanks and drums by 2025 Demand for ~2-4 additional flatbed and manifold trailers by Composition and demand to be determined after discussion with leading players Source: Saudi Aramco analysis

18 Other production chemicals compose of several products, each composed of different formulations of input materials Typical production chemicals (excl. demulsifiers and corrosion inhibitors) Water clarifiers Middle East breakdown (2016) Production chemicals Formaldehyde free biocides Scale inhibitors H2S Scavenger Paraffin inhibitors 4% 2% 27% 16% 18% 33% Biocides is the dominant segment in the Middle East, with a volume of 17 Ktpa over the total market volume of 51 Ktpa Gas Well Foamers Other (excl. demulsiifer and corrosion inhibitor) Water Clarifiers Biocides (organic) Scale Inhibitors H2S Scavenger Paraffin Inhibitors Other 1. Formulation will be different based on manufacturer and end application Source: IHS

19 Other production chemicals is expected to grow at 5% annually until 2030, reaching 103 Ktpa in Middle East ME Other production chemicals expected market size evolution ( 000 Tons) Rest of Middle East KSA 103 Expected market size in 2030 will be ~2X the current market size % Production chemicals category is expected to grow hand in hand with drilling fluids consumption in Middle East Source: Saudi Aramco analysis, CDSI, I..S report: specialty chemicals program

20 While some raw materials are available, potential exists to manufacture several others locally Water clarifiers Polyamines Polyacrylamides (Jubail) Not Exhaustive Formaldehyde free biocides Quaternary phosphonium Glutaraldehyde (Yanbu) (Jubail) Scale inhibitors H2S Scavenger Paraffin inhibitors Gas Well Foamers Other Phosphonates Phosphate esters Polyacrylates Triazines Amines Ethanolamine Aminealkylaryl sulfonates Ammonium ether sulfates Alphaolefin sulfonates Alkyl naphthalene sulfonates MEG/TEG Phosodium nitrite Anionic surfactants (Ras Al-Khair) (Jubail) (Jubail) (Jubail) Polyvinyl sulfonates Co-polymers Nonionic surfactants Raw materials such as polyacrylamide, anionic surfactants and sulfonates have several other applications and have potential for local production Source: Saudi Aramco

21 Several opportunities exist for local players to enhance logistics and transportation for production chemicals Loading Requirements and gaps additional iso containers (24,000 liter capacity) 1 and/or drums (13,000 liter) by 2025 Opportunities Offer customized on-site logistics Be a supplier of iso containers and drums Drive loading operations (Aramco currently manages its own operations) Transportation 2-4 additional flatbed trailers (TEU) by 2025 Enhance value offering via reduced turnaround times Be a supplier of transportation equipment (e.g. flatbed trucks) Drive transportation operations (Aramco currently manages its own operations) Terminal ops 2-4 additional manifold trailers (TEU) by 2025 Limited monitoring in place Offer state of the art monitoring and measuring systems Supply manifold trailers as a part of a larger portfolio 1. Assuming iso containers are replaced every 2 weeks Source: Saudi Aramco analysis

22 Key conclusions and next steps Key conclusions Consumption of other production chemicals in KSA nd ME is expected to increase by ~8 ktpa and 23 in 2025 respectively driving opportunities for additional local blending Limited presence of toll blenders in KSA presents an opportunity for local players Several chemicals essential to other production chemicals can be localized in KSA e.g. polyacrylamide, polyacrylates and non ionic surfactants In case you are interested in discussing this opportunity further, please contact Khazisyed Ahmedjeelani Industrial Development Department Saudi Aramco Local players can also supply key equipment and services to enhance logistics and supply chain, for instance players can offer flatbed trucking, iso containers, drums and manifold trailers Source: Saudi Aramco analysis

23 Table of Content Corrosion Inhibitors Production chemicals Drilling muds Well Stimulation Fluids Demulsifiers

24 Rationale Opportunity Key opportunities for localization Drilling muds Input chemicals and materials Blending and formulation Logistics and supply chain Disposal and after sales Establish local production of key input materials e.g. PAC, guar gum, premium lubricants and cross linking agents Establish additional blending facilities Establish local toll blending facilities Provide trucking services especially flatbed trucks Provide storage and loading equipment (conveyor units, jumbo bags etc.) Provide disposal services for stimulation chemicals Provide inspection, maintenance and after sales Growth of ~6% CAGR in drilling muds will drive growth in raw materials Diverse applications beyond oil field chemicals (e.g. binders, food industry) Additional demand of ~50 ktpa in KSA and ~130 ktpa in Middle east by 2025 Limited presence of local toll blenders Demand for ~10 additional flatbed trailers till 2025 Demand for ~14 additional mobile conveyor units and 30,000 jumbo bags by 2025 More stringent environmental regulations (GAMEP) ~50 ktpa additional consumption in KSA by 2025 will require additional disposal 1. Composition and demand to be determined after discussion with OFS players Source: Saudi Aramco analysis

25 Going forward, we expect a growth of 6% CAGR in drilling muds, with KSA accounting for ~30% of Middle East demand ME drilling muds expected market size evolution 1 (KTPA, $MM) Rest of Middle East KSA 6% 2,208 Growth in drilling fluids will be driven by both increased production (~20% increase expected across Middle East) and increased well activity. Increase in drilling activity expected to take off post 2019 Value ($ MM) Rest of ME Volume (KTPA) KSA Volume (KTPA) 1,266 1,334 1, (27%) , (29%) (32%) (32%) , (28%) Excludes minerals such as barite, bentonite, hematite, lignite and calcium carbonate Source: Saudi Aramco analysis, IHS Chemicals: specialty chemicals update program

26 Several raw materials required for formulations are not available in KSA- opportunity exists for new players Drilling muds raw material availability Chemicals available in KSA Sodium and calcium chloride Processed barite Anionic polyelectrolytes Diesel/LAO/ Lubricants Calcium carbonate Potential localization opportunity 1 Not Exhaustive Chemicals limited/not available in KSA Primary and secondary emulsifiers Xanthanum gum Polyionic cellulose (PAC) HT thinner Premium lubricants for drilling Cross linking agents Guar gum Chemical synthesis compounds like guar gum and emulsifiers have diverse applications beyond drilling muds 1. Actual volumes to be determined based on discussion with OFS players. Demand for PAM ~50 ktpa across water treatment appli cations Source: Press research, Saudi Aramco analysis

27 Several opportunities exist for local players to enhance logistics and transportation for drilling muds Loading Requirements and gaps 14 additional mobile conveyor units and sand kings (25 MT) by 2025 Opportunities Offer customized on-site logistics Be a supplier of loading equipment (e.g. mobile conveyor units) Drive loading operations (Aramco currently manages its own operations) Transportation 10 additional flatbed trailers (TEU) by 2025 Long existing lead times making planning difficult Enhance value offering via reduced turnaround times Be a supplier of transportation equipment (e.g. flatbed trucks) Drive transportation operations (Aramco currently manages its own operations) Terminal ops Source: Saudi Aramco analysis 30,000 additional jumbo bags (1.5 MT) in 2025 Limited monitoring in place Limited use of advanced eqpt. like mobile silos Offer state of the art monitoring and measuring systems Supply advanced storage facilities such as mobile silos Offer palletized package well stimulation fluids (jumbo bags)

28 Key conclusions and next steps Key conclusions Consumption of drilling fluids in KSA is expected to increase by ~50 ktpa in 2025 driving opportunities for additional local blending and additional players for disposal Limited presence of toll blenders in KSA presents an opportunity for local players Several chemicals essential to drilling muds can be localized in KSA e.g. PAC, guar gum, premium lubricants and cross linking agents In case you are interested in discussing this opportunity further, please contact Khazisyed Ahmedjeelani Industrial Development Department Saudi Aramco Local players can also supply key equipment and services to enhance logistics and supply chain, for instance players can offer flatbed trucking, mobile conveyor units and jumbo sacks Source: Saudi Aramco analysis

29 Table of Content Corrosion Inhibitors Production chemicals Drilling muds Well Stimulation Fluids Demulsifiers

30 Rationale Opportunity Key opportunities for localization - Well Stimulation Fluids Input chemicals and materials Blending and formulation Logistics and supply chain Disposal and after sales Establish local production of key input materials e.g. PAM, HF and borates 1 Establish additional blending facilities Establish local toll blending facilities Provide trucking services especially flatbed trucks Provide storage and loading equipment (conveyor units, jumbo bags etc.) Provide disposal services for stimulation chemicals Provide inspection, maintenance and after sales Growth of ~8% CAGR in well stimulation fluids Diverse applications beyond oil field chemicals (e.g. water treatment) Additional demand of ~160 ktpa in KSA and ~400 ktpa in Middle east by 2025 Limited presence of local toll blenders Demand for ~25 additional flatbed trailers till 2025 Demand for ~40 additional mobile conveyor units and 100,000 jumbo bags by 2025 More stringent environmental regulations (GAMEP) ~160 ktpa additional consumption in KSA by 2025 will require additional disposal 1. Composition and demand to be determined after discussion with OFS players Source: Saudi Aramco analysis

31 The market in the Middle East is expected to grow at ~8% CAGR, with KSA commanding ~30% market share ME well stimulation agents expected market size evolution ( 000 Tons) Rest of Middle East KSA 652 KSA expected to grow in line with the rest of the ME, and is expected to account for ~30% of the market Strong market growth expected after 2019 Value ($mm) Rest of ME volume (KTPA) (30%) (31%) % (33%) (34%) (29%) KSA volume (KTPA) Source: Saudi Aramco analysis, IHS Chemicals: specialty chemicals update program, Rystad

32 Several raw materials required for formulations are not available in KSA- opportunity exists for new players Well stimulation fluids raw material supplier companies Chemicals available in KSA Hydrochloric acid Formic acid Acetic acid Aluminum Potential localization opportunity 1 Chemicals limited/not available in KSA Hydrofluoric acid Ammonium bio fluoride/ methyl formate Enzymes Polyacrylamide (PAM) Triethanolamine titanite Organoborates Chromium and Zirconium processing Chemical synthesis compounds like PAM and hydrofluoric acid acid have diverse applications beyond well stimulation fluids 1. Actual volumes to be determined based on discussion with OFS players. Demand for PAM ~50 ktpa across water treatment appli cations Source: Press research, Saudi Aramco analysis

33 Several opportunities exist for local players to enhance logistics and transportation for well stimulation fluids Loading Requirements and gaps 40 additional mobile conveyor units and sand kings (25 MT) by 2025 Opportunities Offer customized on-site logistics Be a supplier of loading equipment (e.g. mobile conveyor units) Drive loading operations (Aramco currently manages its own operations) Transportation 25 additional flatbed trailers (TEU) by 2025 Long existing lead times making planning difficult Enhance value offering via reduced turnaround times Be a supplier of transportation equipment (e.g. flatbed trucks) Drive transportation operations (Aramco currently manages its own operations) Terminal ops Source: Saudi Aramco analysis 100,000 additional jumbo bags (1.5 MT) by 2025 Limited monitoring in place Limited use of advanced eqpt. like mobile silos Offer state of the art monitoring and measuring systems Supply advanced storage facilities such as mobile silos Offer palletized package well stimulation fluids (jumbo bags)

34 Key conclusions and next steps Key conclusions Consumption of well stimulation fluids in KSA is expected to increase by ~160 ktpa in 2025 driving opportunities for additional local blending and additional players for disposal Limited presence of toll blenders in KSA presents an opportunity for local players Several chemicals essential to well stimulation fluids can be localized in KSA e.g. PAM, Organoborates, Hydrogen fluoride In case you are interested in discussing this opportunity further, please contact Khazisyed Ahmedjeelani Industrial Development Department Saudi Aramco Local players can also supply key equipment and services to enhance logistics and supply chain, for instance players can offer flatbed trucking, mobile conveyor units and jumbo sacks Source: Saudi Aramco analysis

35 Table of Content Corrosion Inhibitors Production chemicals Drilling muds Well Stimulation Fluids Demulsifiers

36 Rationale Opportunity Key opportunities for localization Demulsifiers Input chemicals and materials Blending and formulation Logistics and supply chain Establish local production of key input materials 1 e.g. ethoxylates, alkylated phenols, alkoxylated resins and block copolymers Vertically integrate production of input materials and develop blending facilities Establish local toll blending facilities Provide handling services e.g. drums and iso containers Provide transportation and loading e.g. flatbed trailers and manifold trailers No local production of these raw materials in KSA Diverse applications beyond oil field chemicals (e.g. surfactants) Additional demand of ~8 ktpa in KSA and ~23 ktpa in Middle east by 2025 Opportunity for raw material manufacturers to integrate and capture market share Demand for additional iso tanks and drums by 2025 Demand for ~1 additional flatbed and manifold trailers by 2025 Limited presence of local toll blenders 1. Composition and demand to be determined after discussion with leading players Source: Saudi Aramco analysis

37 The demulsifiers market in ME is expected to grow at ~7% CAGR, with KSA commanding ~35% market share ME demulsifiers expected market size evolution (KTPA, $mm) Rest of Middle East KSA 7% 238 KSA and ME are expected to grow at roughly the same growth rate going forward to 2025; with KSA s market share remaining roughly constant at ~35% Value ($ MM) Rest of ME Volume (KTPA) KSA Volume (KTPA) (31%) (33%) (35%) (35%) (32%) 2025 $896. $xxx $965. $1,04 $1, $896. $xxx $965. $1,04 $1, Source: Saudi Aramco analysis, IHS Chemicals: specialty chemicals update program

38 Several raw materials required for formulations are not available in KSA- opportunity exists for new players Demulsifiers raw material availability Chemicals available in KSA Polyglycol esters and ethers Sulfonates Polymerized oils and esters Polymerized polyglycols Potential localization opportunity 1 Chemicals limited/not available in KSA Alkoxyalkylated resins with low-or high oxide content Oxyalkylated phenols Oxyalkylated polyamines Alkanolamine condensation products Oxyalkylated polyglycols Not Exhaustive Block copolymers (EO/PO ; polyol block etc.) EO/PO, which is key to several products is readily available in Sadara; select products like alkoxylates and copolymers also have application in surfactants 1. Actual volumes to be determined based on discussion with OFS players. Demand for PAM ~50 ktpa across water treatment appli cations Source: Press research, Saudi Aramco analysis

39 Several opportunities exist for local players to enhance logistics and transportation for demulsifiers Loading Requirements and gaps additional iso containers (24,000 liter capacity) 1 and/or drums (13,000 liter) by 2025 Opportunities Offer customized on-site logistics Be a supplier of iso containers and drums Drive loading operations (Aramco currently manages its own operations) Transportation 1-2 additional flatbed trailers (TEU) by 2025 Enhance value offering via reduced turnaround times Be a supplier of transportation equipment (e.g. flatbed trucks) Drive transportation operations (Aramco currently manages its own operations) Terminal ops 1-2 additional manifold trailers (TEU) by 2025 Limited monitoring in place Offer state of the art monitoring and measuring systems Supply manifold trailers as a part of a larger portfolio 1. Assuming iso containers are replaced every 2 weeks Source: Saudi Aramco analysis

40 Key conclusions and next steps Key conclusions Consumption of demulsifiers in KSA nd ME is expected to increase by ~8 ktpa and 23 in 2025 respectively driving opportunities for additional local blending Limited presence of toll blenders in KSA presents an opportunity for local players Several chemicals essential to demulsifiers can be localized in KSA e.g. ethoxylates, alkylated phenols, alkoxylated resins and block copolymers In case you are interested in discussing this opportunity further, please contact Khazisyed Ahmedjeelani Industrial Development Department Saudi Aramco Local players can also supply key equipment and services to enhance logistics and supply chain, for instance players can offer flatbed trucking, iso containers, drums and manifold trailers Source: Saudi Aramco analysis