07 November 2008 04:07 [Source: ICIS news]
SINGAPORE (ICIS news)--Saudi Arabia's National Petrochemical Co (NatPet) has delayed the start-up of its polypropylene (PP) and propane dehydrogenation (PDH) project by ten months to the first half of November, a senior company official said late on Thursday.
"We expect to ramp up the plants to full production about a month and a half after they start up," said the official, who declined to be identified.
The project at Yanbu, which was originally scheduled to go on stream in January 2008, was pushed back due to "construction and installation delays caused by shortage of contractors", he said.
The company will produce copolymers in addition to homopolymers, using Basell's Spheripol technology. Propylene for the 400,000 tonne/year PP plant will be procured from the PDH plant of the same capacity at Yanbu.
SABIC and Noble Resources would share the offtake from the PP plant, the official said. "SABIC will market the product under its own brand name all over the world, while Noble has the exclusive right to market it as a NatPet product in Asia and Turkey," he said.
NatPet is also looking at a $150-200m investment in a derivatives project next year.
The primary investors in the NatPet complex are Saudi Arabia's Alujain Corp and Xenel Group.
Noble, a global supply chain manager of polymer resins, is also an investor in the project.
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