SABIC invests €135m in Olefins 4 cracker upgrade at Geleen

09 May 2012 15:52  [Source: ICIS news]

LONDON (ICIS)--SABIC is investing €135m ($175m) over the next 18 months to upgrade its Olefins 4 cracker at Geleen in the Netherlands, the Saudi Arabian petrochemical major confirmed on Wednesday.

In addition to the cracker upgrade, the investment will be used to launch more than 20 additional improvement projects at Geleen and a substantial maintenance shutdown period scheduled for September 2013, SABIC said.

The company said its aim was to increase the cracker's production capacity by 2% and reduce its energy consumption by 8%.

According to ICIS, the cracker has a nameplate capacity of 675,000 tonnes/year of ethylene.

“The goal of the investment is to ensure a safer, more competitive and more energy efficient cracker that is better for the environment,” SABIC (Saudi Basic Industries Corp) said in a statement.

Deliveries to customers will not be affected while the work is carried out and new employment opportunities are expected to be created, SABIC said.

Last month, US petrochemicals engineering firm Jacobs said it had been awarded a contract to work on the upgrade.

($1 = €0.77)

By: Graeme Paterson
+44 20 8652 3214

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