Saudi Kayan ships its first export of acetone from the Middle East

17 January 2011 12:59  [Source: ICIS news]

LONDON (ICIS)--Saudi Kayan has shipped its first export volume of acetone from the Middle East, majority holder SABIC said on Monday.

Saudi Kayan shipped 1,600 tonnes from the port of Jubail on Saudi Arabia’s Gulf coast destined for customers in India. The chemical is being made as part of SABIC’s push downstream into a broader product slate as part of its diversification strategy.

Product from Saudi Kayan’s 140,000 tonne/year acetone plant will eventually be consumed in the manufacture of polycarbonate (PC) at the Jubail site.

Saudi Kayan's 260,000 tonne/year PC plant was expected to start-up at the end of March.

SABIC owns 35% of Saudi Kayan, with 20% owned by Al-Kayan Petrochemical Company, and 45% by public shareholders.

For more on SABIC visit ICIS company intelligence
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By: Nigel Davis
+44 20 8652 3214

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