09 February 2009 08:33 [Source: ICIS news]
SINGAPORE (ICIS news)--Sumitomo Chemical plans to offer to southeast Asia in end-March the first linear low density polyethylene (LLDPE) cargo from its Saudi Arabia joint venture Rabigh Refining and Petrochemical Co (Petro Rabigh), a source close to the company said on Monday.
"The first LLDPE cargoes will be delivered to Singapore in March and it will offer these cargoes in end March for April loading," the source said.
Sumitomo Chemical has established a distribution hub in Singapore for the Asia Pacific market. Distribution hubs were also set up in Holland, Italy and Belgium to cater to the European market.
The new 350,000tonne/year LLDPE plant is part of a new petrochemical complex which also includes a 300,000tonne/year high density PE (HDPE) line, a 250,000tonne/year easy processing PE (EPPE) unit, a 700,000tonne/year polypropylene (PP) plant, an 18.4m tonne/year refinery and a fluid catalytic cracker (FCC) unit that produces 900,000tonnes/year of propylene.
Sumitomo Chemical holds a 50% stake in PetroRabigh with Saudi Arabia’s state-owned Saudi Aramco owning the other half.
The Japanese producer has the exclusive right to market polyolefins from the Rabigh project outside the Middle East.For more on Sumitomo Chemical visit ICIS company intelligence
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