29 March 2011 17:37 [Source: ICIS news]
LONDON (ICIS)--SABIC is considering building another 300,000 tonne/year high density polyethylene (HDPE) plant at the Saudi Kayan complex in Al-Jubail, a senior executive with the Saudi Arabia-based petrochemical major said on Tuesday.
The project, if approved, will feed expanding demand from downstream industries in the region – as well as exports – and would double SABIC’s HDPE capacity at the site to 600,000 tonnes/year, according to Khaled al-Mana, the company’s executive vice president for polymers.
“We are under the planning process and have no specific date [for start up],” Al-Mana said, adding that the company expects to decide later this year whether to proceed with the project.
The Saudi government has initiated a cluster programme to stimulate the growth of downstream sectors focused on automotive, construction, metal, plastic packaging and consumer applications.
“We want to develop high quality employment in [Gulf Cooperation Countries] countries for our young generation,” Al-Mana added.
Commenting on other projects, Al-Mana said the
Al-Mana said SABIC was not altering any of its production plans as a result of the ongoing troubles in the
“We are always sad when there is unrest in the region but are confident that it will be short-lived. We have always managed to continue production [during other conflicts]. Our production plans will not be changed.”
Saudi Kayan is a joint venture between SABIC, which holds 35% of its stock, and Al-Kayan Petrochemical, which owns 20%. The remainder was sold for public subscription.
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|