Recently, Saudi Arabian Industrial Investment Group announced that it plans to acquire Saudi National Petrochemical Corporation. In 2012, it officially established a large-scale petrochemical company. The new company’s capital will reach US$1.2 billion. Saudi Industrial Investment Group currently has a market value of 3 billion U.S. dollars and an annual output of 1.3 million tons of petrochemical products. In 2010, its net profit was nearly 108 million U.S. dollars. With the rising prices of petrochemical products, the company expects the profit growth in 2011 will be more than 30%. Saudi National Petroleum Corporation has a market value of approximately US$2.9 billion and 50% of its shares are held by the Saudi Industrial Investment Group. The combined new company will become Saudi's third largest petrochemical company after Saudi Basic Industries Corporation and Saudi Kayan Petrochemical Company. It is reported that with the fourth quarter of this year Saudi Arabia National Petrochemical Corporation and the United States Chevron Phillips Chemical Co., Ltd. spent 5.4 billion US dollars in cooperation in the construction of polymer materials plant put into operation, Saudi Industrial Investment Group's production capacity will be increased to 6 million tons. In addition, Saudi Industrial Investment Group is planning to further cooperate with Chevron Phillips Chemicals, spending 1.2 billion US dollars to build a large factory, using the company's petrochemical products to develop downstream industries, production of nylon and its derivatives. At present, the project plan has entered a specific design stage.
Single Basket Electric Deep Fryer lets you serve up hot and crispy deep-fried favorites - right at home. Stainless Steel Single Electric Fryer with a powerful heating element that offers uniform high heat throughout cooking, it perfectly fries potatoes, onion rings, seafood, chicken, vegetables - even donuts. It's with single tank single basket, large capacity can hold up enough food for big family meals or entertaining. High power, rapid heating.Upgraded heating tube, heat evenly. The temperature range is 60-200 degrees, which can be adjusted at will for cooking various foods.The knob controls the temperature precisely, and the operation is simplified with one key. The green light is on shows the machine starts, and the orange light is on and the machine is heating up. Removable stainless steel oil container with detachable basket easy for cleaning. Heavy stainless steel basket with cool-touch handle.More safe for operate.
Single Basket Electric fryer is versatile enough that you can fry, steam or boil noodle/vegetables with it. So,it is Electric Fryer, Electric Food Steamer or Noodle Cooking Machine. You basically just fill the fryer with water instead of oil, turn up the heat, and put the cover on.
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