Saudi state-led Saudi petchems giant Sabic announced on 13 March that it will merge operations of its 4mn t/y Sadaf subsidiary into its 5.2mn t/y Petrokemya unit to “create a more efficient entity” and unlock value from “the synergies between the two companies’ products streams.”

The two firms’ production complexes are close together, although not adjacent, in the industrial zone at Jubail on the Saudi Gulf coast.

Petrokemya’s products include...