Yansab completes 66% of Saudi complex

10 March 2008 02:15  [Source: ICIS news]

DUBAI (ICIS news)--Saudi Yanbu National Petrochemical Co (Yansab) has completed 66% of its project which is expected on stream in the second half of 2008, it said on Sunday.

Its engineering, procurement and construction (EPC) work has achieved 84% completion after two years of establishing the company, according to the periodic data published by the company.

The company is constructing many plants to produce 770,000 tonnes of monoethylene glycol (MEG), 900,000 tonnes of polyethylene (PE), 400,000 tonnes of polypropylene (PP) annually and other products such as benzene and butane.

Saudi Basic Industries Corp (SABIC) is the main shareholder with a 51% stake. Its 35% share is publicly traded on the Saudi stock exchange while the rest is distributed between 17 Saudi and other gulf companies.

By: Abdelghani Henni
65 6780 4359

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