CHINAPLAS '12: Saudi Kayan to start up LDPE unit in Q3 2012

18 April 2012 09:41  [Source: ICIS news]

SHANGHAI (ICIS)--Saudi Kayan Petrochemical plans to begin commercial production at its new 300,000 tonne/year low density polyethylene (LDPE) unit at Al Jubail in Saudi Arabia in the third quarter of this year, a senior company official said on Wednesday.

Output from the new LDPE unit will be marketed globally, said Khaled al-Mana, the company's executive vice president for polymers, at the sidelines of Chinaplas, a four-day exhibition that opens in Shanghai, China, on Wednesday.

“Part of the LDPE exports from the plant will be targeted at China,” he added.

Demand growth for polymers, including PE, will average about 6% in 2012 – above the projected growth of global GDP – with growth in China forecast to be in the double-digits, al-Mana added.

Saudi Arabia chemicals major SABIC owns a 35% stake in Saudi Kayan Petrochemical, while Al-Kayan Petrochemical holds a 20% stake. The remaining 45% is held by public shareholders.

By: Prema Viswanathan
+65 6780 4359

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