SAUDI KAYAN
Increased ethane supply allocation for Al Jubail / PE expansion on stream from 2017
Saudi Arabia’s Oil Ministry has allocated an additional 10m cbf/d (2.8m cbm) of ethane to Saudi Kayan Petrochemical Co (Al Jubail / Saudi Arabia; www.saudikayan.com) to enable an expansion of capacity at its Al Jubail complex. The company plans to widen its ethylene production by at least 93,000 t/y and its ethylene oxide capacity by 61,000 t/y from the second quarter of 2017.
With the increased ethane supply, Saudi Kayan – majority-owned by petrochemicals giant Sabic (Riyadh; www.sabic.com) and Al Kayan Petrochemical – will be able to reduce its dependence on butane gas feedstock. Also as part of the agreement, Sabic will lower the marketing fees it charges Saudi Kayan, saving the company SAR 280m (USD 74.6m) in 2015 and SAR 600m a year once the projects are completed.
With the increased ethane supply, Saudi Kayan – majority-owned by petrochemicals giant Sabic (Riyadh; www.sabic.com) and Al Kayan Petrochemical – will be able to reduce its dependence on butane gas feedstock. Also as part of the agreement, Sabic will lower the marketing fees it charges Saudi Kayan, saving the company SAR 280m (USD 74.6m) in 2015 and SAR 600m a year once the projects are completed.
11.02.2015 Plasteurope.com [230457-0]
Published on 11.02.2015