Saudi Arabia's Sabic to double MEG exports to China in '05
10 March 2005 06:56 [Source: ICIS news]
SHANGHAI (CNI)--Saudi Arabia’s Sabic plans to double its exports of monoethylene glycol (MEG) to China in 2005 from 2004 to meet the growing shortfall in China, a senior company official told CNI on Thursday.
Last year, the Saudi Arabian major exported 380,000 tonne of MEG to China.
“China’s consumption of MEG is expected to touch 5m tonne in 2005, while production will only total 4m tonne. This will leave China short of 1m tonne this year,’ said the official.
The increase in exports will be met by the additional 600,000 tonne/year in capacity Sabic brought on stream last year at Al Jubail, Saudi Arabia, and the 100,000 tonne/year expansion to its 350,000 tonne/year Yanpet II plant which will be completed by 25 March.
By: Prema Viswanathan
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