17 September 2010 08:57 [Source: ICIS news]
SINGAPORE (ICIS)--Rabigh Refining and Petrochemical Co (PetroRabigh) will offer limited export cargoes of polyethylene (PE) for October as it is still ramping up production at plants after an outage, sources close to the company said on Friday.
Volume offers for September cargoes had to be reduced as the company’s 300,000 tonne/year high density PE (HPDE) plant and its 600,000 tonne/year linear low density PE (LLDPE) plant were shut for several weeks, sources said.
“The PE inventories are very low. It will take some time for company to ramp up operating rates to a reasonable level,” one of the sources said.
Operating rates at the plants located in Rabigh, Saudi Arabia are currently low, the source said.
Company officials were not available for comment.
“The LLDPE plant has been experiencing teething problems ever since it started up last year, and one can only hope it will begin to operate normally soon,” said a second source.
PetroRabigh also has a 1.3m tonne/year ethane cracker and a 700,000 tonne/year monoethylene glycol (MEG) plant at the site, which were operating normally, sources said.
The company is a joint venture between state-owned Saudi Aramco and ?xml:namespace>
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|
Asian Chemical Connections