Saudi conversion park to start up in March 2009

27 February 2008 10:32  [Source: ICIS news]

MUMBAI (ICIS news)--The Rabigh Conversion Industrial Park (Rabigh CIP) near Saudi Arabia's Red Sea coast is expected to be fully completed by March 2009, a source associated with the project said on Tuesday.

The 2.4m square metre Rabigh CIP, jointly promoted by Saudi Aramco and Sumitomo Chemical Co, would house 40-50 plastic processing units, he added.

“Deals with three companies have been finalised for production of non-woven products, stretch film and plastic bags. And three more deals are in the pipeline,” he added.

Site preparation work has started and provision will be made for common infrastructure like power, water and drainage, he said.

Units at Rabigh CIP would be able to source polymers from Rabigh Refining and Petrochemical Co (PetroRabigh), the  50:50 refinery and petrochemical joint venture of Aramco and Sumitomo, the source said.

PetroRabigh is due to bring on stream a 1.3m tonne/year cracker in the fourth quarter of 2008.

Its downstream capacities include 700,000 tonnes/year of polypropylene (PP), 350,000 tonnes/year of linear low density linear-low density polyethylene (LLDPE), 300,000 tonnes/year of high-density PE (HDPE) and 250,000 tonnes/year of easy processing PE (EPPE). 

Plastic processors can enter into long-term agreements with PetroRabigh for supply of polymers on a pricing formula, he added.

For more on PP and PE visit ICIS chemical intelligence

By: Malini Hariharan
+65 6780 4359

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