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.
To discuss issues facing the chemical industry go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|