AFPM ‘12: Start-up of Saudi Polymers JV pushed back to Q2

02 April 2012 19:25  [Source: ICIS news]

SAN ANTONIO, Texas (ICIS)--Chevron Phillips Chemical (CP Chem) has pushed back the planned start-up of its Saudi Polymers joint venture project in Al-Jubail to the second quarter as commissioning and testing continues, the company’s chief executive said on Monday.

CP Chem had earlier planned for a first-quarter start-up.

“When you got multibillion dollars of assets and all these different technologies, you want to take your time and make sure everything works the way it was supposed to work [and] everything is safe,” said CEO Peter Cella on the sidelines of the International Petrochemical Conference (IPC).

The project is a joint venture between CP Chem and Saudi Arabia’s Petrochem, with 35% ownership by CP Chem and 65% ownership by Petrochem.

The projecgt includes capacities for 1.165m tonnes/year of ethylene, 445,000 tonnes/year of propylene, 1.1m tonnes/year of polyethylene (PE), 400,000 tonnes/year of polypropylene (PP) and 200,000 tonnes/year of polystyrene (PS) and 100,000 tonnes/year of 1-hexene.

Hosted by American Fuels & Petrochemicals Manufacturers (AFPM), the IPC continues through Tuesday.

By: Brian Ford
+1 713 525 2653

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