JUBAIL INDUSTRIAL CITY, Saudi Arabia, January 15, 2025 – In alignment with the Kingdom’s vision to advance the downstream industry, Sadara Chemical Company (Sadara) and Oasis Pioneers Industrial Co. Ltd (Oasis Pioneers) have signed a long-term supply agreement. The signing ceremony was attended by Sadara CEO Fayez Al Sharef and Oasis Pioneers Chairman Khaled Juffali. Under the agreement, Sadara will supply Methylenediphenyl Diisocyanate (MDI) — a critical raw material used in high-performance polyurethane solutions — to Oasis Pioneers, which will establish and operate a state-of-the-art MDI distillation and manufacturing facility at PlasChem Park in Jubail Industrial City.

This partnership represents a major step forward for Saudi Arabia’s downstream sector and aligns with the Kingdom’s National Industrial Strategy. The project aims to drive innovation in high-performance applications, including thermal insulation, automotive parts, and construction materials, fostering industrial growth and sustainable development across the Kingdom.

Sadara CEO Fayez Al Sharef expressed his enthusiasm for the agreement, emphasizing its importance in introducing high-performance products and applications that will strengthen the local market and boost the national economy. Oasis Pioneers Chairman Khaled Juffali stated: “I am proud and excited to achieve this milestone alongside the Oasis Pioneers team and our partners at Sadara. Recognizing this project as a vital part of the Kingdom’s National Industrial Strategy is both exciting and a great responsibility. My team and I will continue working to build a new national champion in our industrial sector, benefiting our country, region, partners, employees, and shareholders.”

This initiative will be a groundbreaking addition to the Kingdom’s manufacturing landscape, strengthening local production capabilities and reducing reliance on imported specialty chemicals.

Sadara’s innovative product portfolio has positioned the company as a key driver of investment in PlasChem Park. The park’s strategic investments span critical sectors, including chemicals for oil and gas, building materials, paints and coatings, and personal and household care products. By establishing new value chains, this project will accelerate growth and innovation within Saudi Arabia’s manufacturing industry.

source: Sadara