03 June 2010 03:45 [Source: ICIS news]
SINGAPORE (ICIS news)--Saudi Ethylene and Polyethylene Co (SEPC) is close to achieving full capacity at its low density polyethylene (LDPE) plant in Al Jubail, following the unit's restart last week, a source close to the company said late on Wednesday.
"The technical issue which had caused the plant to be shut down has been resolved," the source said. The plant, with a nameplate capacity of 400,000 tonnes/year, was taken off line in early May.
The restart of the plant had slightly eased the supply of LDPE in the region, a trader said.
"LDPE supply continues to be relatively tight, but the restart of the plant is good news for buyers," he said.
SEPC also operates a 400,000 tonne/year high density PE (HDPE) unit at the same site.
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