Saudi Kayan’s first LDPE film cargo to reach Asia in end-November

22 November 2012 10:41  [Source: ICIS news]

SINGAPORE (ICIS)--Saudi Kayan Petrochemical's first low density polyethylene (LDPE) film parcel from its Al Jubail plant will arrive in Asia by the end of the month, a source close to the company said on Thursday.

The company's 300,000 tonne/year LDPE unit, which started up in September, is currently operating at about 70% of capacity, the source said.

“There will be about a couple of hundred tonnes [of LDPE film] arriving in Singapore,” the source said, adding that the volumes will then be dispatched to Vietnam and China.

About half of the production output from Saudi Kayan's LDPE unit in Saudi Arabia will be allocated for Asia, while the rest will head to growing markets like Africa, the source said.

Saudi Arabia chemicals major SABIC owns a 35% stake in Saudi Kayan Petrochemical, while Al-Kayan Petrochemical holds a 20% stake in the company.


Author: Ong Sheau Ling



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