28 November 2012 02:03 [Source: ICIS news]
DUBAI (ICIS)--Saudi Arabia’s Al Waha Petrochemicals plans to allocate 80% of its total polypropylene (PP) production in 2013 to producing the copolymer grade because of better margins, a company source said late on Tuesday.
"Copolymer business remains more profitable than homo [-grade] polymer, so we have no intention to reduce copolymer production," the source said on the sidelines of the 7th Gulf Petrochemicals & Chemicals Association (GPCA) annual forum.
The producer’s 450,000 tonne/year PP unit is located in Al Jubail, Saudi Arabia.
Al Waha in early October switched to producing homo-grade polymer PP at 20% of the plant’s capacity from solely producing copolymer-grade PP.
The GPCA forum is held in Dubai and runs from 27-29 November.
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