08 February 2013 12:12 [Source: ICIS news]
SINGAPORE (ICIS)--Saudi Arabia’s SABIC has deferred the start-up of its new 420,000 tonne/year polyethylene terephthalate (PET) plant at Yanbu to the second half of 2013, a source close to the company said on Friday.
The plant was originally expected to start up by the end of first-quarter 2013.
The source did not give a reason for the deferred start-up. SABIC currently operates a 330,000 tonne/year PET plant at Yanbu.
The total installed PET capacity in the Gulf Cooperation Council region will increase to more than 2m tonnes/year when the new Yanbu plant starts up, industry sources said.
The region’s own demand is estimated to be around 325,000 tonnes/year in 2013, the sources added.
Additional reporting by Lanny Chandra
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections