Saudi SIIG to begin ops at Jubail plant by June

26 May 2008 04:24  [Source: ICIS news]

DUBAI (ICIS news)--Saudi Industrial Investment Group (SIIG) has said that its riyals (SR)4.5b ($1.2bn) cracker and styrene facility, the Jubail Chevron Phillips is expected to begin operations by the end of June.

The plant, a joint venture between SIIG and US major Chevron Phillips, would produce 750,000 tonnes/year of styrene and 150,000 tonnes/year of propylene, it added in a statement on Sunday. It would also produce 300,000 tonnes/year of ethylene.

It had reached mechanical completion of the project and initial feedstock feeding had started, it said.

Beside this plant, SIIG has two other 50:50 joint ventures with Chevron Philips.

The first, Saudi Chevron Philips, started operations in 2000 and produces 550,000 tonnes/year of benzene and 280,000 tonnes/year of cyclohexane and the third, National Chevron Phillips, would be operational by 2011.

The company has postponed a scheduled a shutdown at its first plant from November to next February, SIIG chief executive Abdelaziz Ben Zayed Al-Quaraishi said.

"We will stop the plant during February 2009 for maintenance reasons" he added.

 ($1 = SR3.75)

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By: Abdelghani Henni
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