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 ?xml:namespace>
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.
($1 = €0.77)
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