12 August 2010 04:25 [Source: ICIS news]
SINGAPORE (ICIS news)--Saudi Ethylene and Polyethylene Co (SEPC) has ramped up operating rates at its low density polyethylene (LDPE) and high density PE (HDPE) plants in Al Jubail to more than 85%, following their restart late last week, a source close to the company said on Thursday.
“The plants were taken off line at the beginning of August due to a technical issue,” the source said.
Each of the plants has a nameplate capacity of 400,000 tonnes/year.
“The outage had aggravated the supply constraints in the Middle East LDPE and HDPE markets, but the tightness is easing a bit after the restart,” said a Dubai-based trader.
SEPC is a joint venture of National Industrialisation Co (Tasnee) with a 50.6% stake, Sahara Olefins Co with a 24.4% interest, and LyondellBasell, which holds the remaining 25% of the company.
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