Company type | Private |
---|---|
Industry | Petrochemical industry |
Founded | May 12, 1992 |
Headquarters | , |
Products | Epoxy, Caustic Soda, Epichlorohydrin, Calcium Chloride, Hydrochloric Acid and Sodium hypochlorite |
Website | http://www.nama.com.sa/ |
Nama Chemicals, also known as NAMA, is a Saudi Arabian joint stock Taduwal listed company established in 1992 with the objective of developing and establishing industrial projects particularly in the area of chemicals and petrochemicals. [1]
Nama Chemicals was established as a local chemicals company in Jubail, Saudi Arabia in 1992. The city lays along the Persian Gulf on the eastern coast of Saudi Arabia and since the establishment of the company, has grown to become a major industrial city.
NAMA was part of a consortium of private companies to bid for a development contract for which was to become Saudi Arabia's first privately owned refinery in 2011, but lost the bid to the state oil company Saudi Aramco. [2]
In 2014, NAMA finished the expansion of its largest epoxy resins plant, raising the production capacity from 60,000 to 120,000 tons of epoxy per year. The construction contract, valued at around $116 million, had been awarded to Jacobs Engineering Group in 2011. Trial runs at the expanded plant were started in October 2013 with commercial operations fully commencing in April 2014. [3]
Saud Abdul Aziz Al Gosaibi, a Saudi businessman, is the chairman of the company. Fahad Al Otaibi is the company president. Other board members include Khalifa Al-Mulhem, Mohammed Al-Bahar, Khalid Al-Rawaf, and Sultan K. Al-Turki.
Kamal Mohammed Fatayerji is NAMA's CEO and Faisal Al Tutairi is the companies current Vice President of Administration and Industrial Services. [4]
NAMA Europe, located in Bern, Switzerland, NAMA Germany, NAMA Industrial Investment, Arabian Alkali Company (SODA) and Jubail Chemical Industries Company (JANA) are affiliate companies of NAMA. [5]
From 2003 to 2008, NAMA's sales increased by 400% to $170 million. [6]
In 2017, NAMA announced a recovery plan after having made losses in previous quarters. During the downturn of the ME stock market in the same year, NAMA was one of the two of 14 petrochemical companies to not loose points, but instead increased by 9.1%. [7]
In 2006 Nama Chemicals was listed as one of the Saudi Arabia's top 100 companies. [8]
The company manufactures and markets epoxy, epichlorohydrin, caustic soda, chlorine, hydrochloric acid, sodium hypochlorite and calcium chloride to the worldwide market. [9]
Revenue from their sales of epoxy form the core of the company activities with a worldwide market share of 6%. [10] [11]
The chemical industry comprises the companies and other organizations that develop and produce industrial, specialty and other chemicals. Central to the modern world economy, it converts raw materials into commodity chemicals for industrial and consumer products. It includes industries for petrochemicals such as polymers for plastics and synthetic fibers; inorganic chemicals such as acids and alkalis; agricultural chemicals such as fertilizers, pesticides and herbicides; and other categories such as industrial gases, speciality chemicals and pharmaceuticals.
Petrochemicals are the chemical products obtained from petroleum by refining. Some chemical compounds made from petroleum are also obtained from other fossil fuels, such as coal or natural gas, or renewable sources such as maize, palm fruit or sugar cane.
Sodium carbonate is the inorganic compound with the formula Na2CO3 and its various hydrates. All forms are white, odourless, water-soluble salts that yield alkaline solutions in water. Historically, it was extracted from the ashes of plants grown in sodium-rich soils, and because the ashes of these sodium-rich plants were noticeably different from ashes of wood, sodium carbonate became known as "soda ash". It is produced in large quantities from sodium chloride and limestone by the Solvay process, as well as by carbonating sodium hydroxide which is made using the chloralkali process.
Saudi Aramco, officially the Saudi Arabian Oil Group or simply Aramco, is a state-owned petroleum and natural gas company that is the national oil company of Saudi Arabia. As of 2022, it is the second-largest company in the world by revenue and is headquartered in Dhahran. Saudi Aramco has both the world's second-largest proven crude oil reserves, at more than 270 billion barrels, and largest daily oil production of all oil-producing companies. It is the single greatest contributor to global carbon emissions of any company in the world since 1965.
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Tosoh Corporation is a global chemical and specialty materials company. The company was founded in 1935 in Yamaguchi Prefecture, as Toyo Soda Manufacturing Co., Ltd., and in 1987 changed its name to Tosoh Corporation. Today, its corporate headquarters are in Tokyo, Japan.
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Rabigh Refining & Petrochemical Company is a Saudi Arabia–based company which produces and markets refined hydrocarbon and petrochemicals. It was founded in 2005 as a joint venture between Saudi Aramco and Japan’s Sumitomo Chemical, and is now publicly held and traded on the Saudi Stock Exchange (TADAWUL:2380).
The Royal Commission for Jubail and Yanbu (RCJY) was established on 21 September 1975, as an autonomous organization of the Saudi Arabian Government. The commission is governed by a board of directors and its chairman reports to the Council of Ministers. The chairman's office in Riyadh formulates policies and oversees implementation through two Directorates General; one in Jubail and the other in Yanbu.
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Abdulaziz bin Abdullah Al Zamil was an industrial engineer, whose work in industry and government was important to the industrial development of Saudi Arabia. As the original chief executive of Saudi Basic Industries Corporation (SABIC), as Minister of Industry and Electricity, and through his family's Zamil Group Holding Company, he was instrumental in creating a nationally based, profitable, high-tech industrial enterprise in Saudi Arabia. Al Zamil encouraged careful expansion with strong partners on a basis of sound technology in a wide variety of areas. Zamil Group, which now employs more than 12,000 people in 60 countries, is involved in diverse sectors including general construction, paints, plastics, petrochemicals, shipbuilding, and port management. He was awarded the King Abdul Aziz Medal, 1984 and the Richard J. Bolte Sr. Award for supporting industries in 2015.
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