Wellbred Trading DMCC is seeking to expand its operations by establishing a new refinery in Saudi Arabia, dedicated to converting waste chemicals into valuable gasoline components and fuel blends. 

As a part of this endeavour, Wellbred has entered into a non-binding agreement with Rabigh Refining & Petrochemical Co. (Petro Rabigh) to source waste chemicals from its complex on the Red Sea coast to be processed into energy products, as enumerated by Mr Ghazi Abu Al-Saud, the CEO of Wellbred. 

Currently, Wellbred transports between 5,000 and 10,000 tons of waste chemicals per month from Petro Rabigh’s complex to a small-scale refinery in Sharjah, UAE by trucks. The new facility in Saudi Arabia, with an estimated processing capacity of 100,000 tons annually, will significantly reduce transportation logistics and costs, boosting operational efficiency.

Wellbred aims to secure necessary approvals from the Saudi government, with the refinery projected to be operational within the next two years. According to CEO Ghazi Abu Al-Saud, the company is exploring options to finance the project, either independently or with external support.

As part of its expansion into the Saudi market, Wellbred appointed Nasser Al-Mahasher as Chairman of its Saudi operations last year. Al-Mahasher, who previously held leadership roles at Petro Rabigh and S-Oil Corp., brings extensive industry experience. The company is also preparing to establish a regional office in Riyadh or the Eastern Province in the coming months.

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