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From Oil Gushers to Golf Balls: Saudi Aramco Bets on Chemicals

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The following is an excerpt from Javier Blas | July 2, 2017 | Bloomberg.com |

Under a tent in the Saudi desert, Ziad Al-Labban’s showing off his vision for the world’s largest oil supplier -- and it looks like an Ikea store.

Al-Labban has spent his career helping Saudi Aramco meet about 10 percent of global crude demand, but right now all he wants to talk about are all the petrochemicals used in the modern home he’s replicated at Sadara, the sprawling new $20 billion complex he runs in the industrial hub of Jubail.

The mattress in the bedroom, the plates in the kitchen, even the Chevrolet Caprice in the driveway -- he’s too excited reeling off the vast array of products enhanced by his chemicals to notice the scorching heat. At 46 degrees Celsius (115 Fahrenheit), it’s way hotter than most places have ever been.

For more visit: Bloomberg.com

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