SABIC to start up five Saudi projects in 2008

03 March 2008 02:09  [Source: ICIS news]

DUBAI (ICIS news)--Saudi Basic Industries Corp (SABIC) expects five of its expansion projects will go on stream in 2008 while another will start production in 2010, the company said on Sunday.

SABIC’s stake in these projects varied from 70% in Ar-Razi (Saudi Methanol Co) and National Industrial Gases (GAS), 50% in Eastern Petrochemical (Sharq), 55% in Yanbu National Petrochemical (Yansab), 80% in Ibn Zahr and 35% in Saudi Kayan Petrochemical, it said in its 2007 audited financial statement.

The Ar-Razi methanol project was about to be completed while the second project at GAS, to add two air separation plants, was in the final stage and will be on stream by the end of this year.

Sharq’s project, its third expansion, was in the final construction phase and it included a cracker, polyethylene (PE) plant and monoethylene glycol (MEG) plant.

The fourth project, belonging to Yansab, is expected to produce MEG, high density PE (HDPE) and aromatics.

Ibn Zahr project aims to build a third polypropylene (PP) plant in Al-Jubail to meet the world’s increasing demand for the product, SABIC said.

The largest project belonged to Kayan and it was expected to start commercial production in the first half 2010.

By: Abdelghani Henni
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