28 November 2012 02:56 [Source: ICIS news]
DUBAI (ICIS)--National Petrochemical Industrial Co (NATPET) and A Schulman, in a joint venture, plan to start the first phase of polypropylene (PP) compounding production in end-2014, a senior executive at NATPET said on Tuesday.
During the first phase, the PP compounding production will be at 30,000-35,000 tonnes/year, Matouq Jannah, NATPET’s managing director for operations and maintenance, said on the sidelines of the 7th Gulf Petrochemicals & Chemicals Association (GPCA).
Construction of the PP compounding unit, which is located next to its PP plant in Yanbu, Saudi Arabia, began in mid-2012, the source said.
By late 2016, the second phase of expansion at the PP compounding unit will increase its production rate to slightly over 100,000 tonnes/year, the source added.
The 50:50 joint venture was first announced on 10 June this year.
The three-day 7th GPCA forum will end on 29 November.
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