Saudi Industrial Investment Group (SIIG) with Chevron Phillips Chemical Company LLC, through a wholly owned affiliate Arabian Chevron Phillips Petrochemical Company (ACP), has two 50/50 joint venture projects in the Eastern Province Industrial City of Al-Jubail: Saudi Chevron Phillips Company (SCP) and Jubail Chevron Phillips Company (JCP). A third joint venture, Saudi Polymers Company (SPCo), is jointly owned by ACP and National Petrochemical Company (Petrochem).Saudi Chevron Phillips Company (SCP), Jubail Chevron Phillips Company (JCP) and Saudi Polymers Company (SPCo) are collectively known as S-Chem.
SATORP is a world-class refinery started operation in June 2014. The environmentally friendly that Jubail Refinery is producing a high proportion of white products from heavy crude oil. The refinery is one of the most advanced refineries in the world. Our vision is to be the Middle East and Asia's leading performer in refining and petrochemicals with a passion for the environment.
Progressive, technologically advanced, and with environmental responsibility at our core, Sipchem is honoured to be the first chemical manufacturing company in the Kingdom of Saudi Arabia to achieve a "Responsible Care" certification. Sipchem was also recognized for creating the "Best Work Environment" in the Kingdom in 2010. Starting from humble roots in 1999, Sipchem is now a globally recognized chemical manufacturer and a publicly listed company since 2006, generating revenue of over SR 5 billion in 2018 and employing more than 1000 people from all around the world. Another unprecedented achievement is Sipchem’s inclusion in the MSCI Emerging Markets Index in 2019, which has evidently increased the percentage of Qualified Foreign Investors (QFI) ownerships by more than 8% in the past few months.
Sipchem aims to create an integrated petrochemical leader in Saudi Arabia that has a stronger operational, commercial and financial position, increasing its ability to capture growth opportunities, leverage existing capabilities and ensure sustainable operations.