14 August 2000 14:29 [Source: ICIS news]
LONDON (CNI)--Saudi Petrochemical Co's (Sadaf) new styrene plant is now operating at 100% capacity, parent company Saudi Basic Industries Corp (Sabic) told CNI on Monday.
Located in Al Jubail, the 500 000 tonne/year plant was brought onstream in June.
Sadaf, which is a 50:50 joint venture with Shell, acquires benzene feedstock from the spot market, as well as from its affiliate Ibn Rushd, Sabic said. It can also cover its benzene demands from Saudi Chevron in Al Jubail, according to market sources.
Sabic surprised the market earlier this month by arranging to import some benzene for August. Commenting on the purchases, Sabic said: "It is true that there were some benzene shortages earlier, but Sadaf has acquired enough benzene to support its two [styrene] plants for now, and is hopeful of receiving adequate supplies to last until December."
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