SIIG Secures Ministry of Energy Approval for Additional Feedstock Allocation in Jubail

Saudi Industrial Investment Group (SIIG) announced on Thursday that it received approval letters from the Ministry of Energy for the allocation of additional feedstock to its subsidiary projects in Jubail Industrial City.

The approvals aim to leverage available capacity at the company’s existing facilities and support plans to expand production, as follows:

– Additional ethane feedstock has been secured for the expansion project at Saudi Polymers Company SPCo, a jointly operated facility in Jubail in which the SIIG holds a 65% stake. The feedstock will contribute to increased production. The subsidiary is currently preparing the necessary engineering studies and designs for the expansion, which is expected to begin in early 2029;

– SPCo is expected to partially benefit from the new feedstock allocation ahead of the project’s full expansion, as the facility currently has available capacity; and

– SIIG has also secured additional natural gasoline feedstock for its affiliated projects— Saudi Chevron Phillips and Jubail Chevron Phillips companies —each 50% owned by the SIIG. This allocation will support productivity at the company’s industrial complex. The additional feedstock is expected to begin operating before year-end.

In a statement on Tadawul, the company stated that the impact of the feedstock allocation is expected to be gradually reflected in the group’s profitability over the next three years, as deliveries begin. The estimated total financial impact is projected to exceed SAR 470 million annually upon completion of the expansion and the start of operations in 2029, based on expected product prices.