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Tag: Sulphuric Acid

Sulphur Industry News

At the organisation’s first face to face meeting since covid, in Vienna in early October, OPEC+ ministers agreed to cut global oil supplies by 2 million bbl/d in November. OPEC+ is a group of 24 oil-producing nations, made up of the 14 members of the Organisation of Petroleum Exporting Countries (OPEC), and 10 other non-OPEC members, including Russia. In a statement, the group said the decision to cut production was made “in light of the uncertainty that surrounds the global economic and oil market outlooks.”

Sulphuric Acid News

Saudi Arabia’s Ras Al-Khair Industrial City has signed an industrial land agreement with local firm Gulf Copper to develop a copper smelting and casting plant at an investment $319.30 million. The project would be developed on a plot spanning more than 250,000 square metres in the industrial city. No construction timelines were given. The Saudi government has previously signed agreements with Trafigura and Saudi-based Modern Mineral Holding to develop a 400,000 t/a copper smelter at Ras Al Khair which would also include 200,000 t/a of zinc and 55,000 t/a of lead smelter capacity at a projected cost of $2.8 billion.