Saudi Industrial Investment Group (SIIG) with Chevron Phillips Chemical Company LLC, through a wholly owned affiliate Arabian Chevron Phillips Petrochemical Company (ACP), has two 50/50 joint venture projects in the Eastern Province Industrial City of Al-Jubail: Saudi Chevron Phillips Company (SCP) and Jubail Chevron Phillips Company (JCP). A third joint venture, Saudi Polymers Company (SPCo), is jointly owned by ACP and National Petrochemical Company (Petrochem). Saudi Chevron Phillips Company (SCP), Jubail Chevron Phillips Company (JCP) and Saudi Polymers Company (SPCo) are collectively known as S-Chem. S-Chem is considered one of the pioneer companies in developing the industrial foundation of the Kingdom of Saudi Arabia, specifically the petrochemical industry. The objective is to lead the way for the private sector to invest through the petrochemical industry.