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Saudi Polymers to resume production in Jan 2013
12
Dec '12
The Al Jubail complex of Saudi Polymers, which was closed down on November 10 this year due to technical problems, would remain closed during the current month and restart in January 2013, holding company of Saudi Polymers, The National Petrochemical Co (Petrochem), has said. 
 
In a report submitted to the Saudi Stock Exchange, Petrochem said that initially it was expected that the plant would remain shut for about four weeks, but owing to ongoing maintenance work at the complex, the shutdown is expected to be extended.
 
The report stated that presently though it is not possible to fix an exact date for restarting the facility, it would resume production somewhere in January next year.
 
The Al Jubail complex has an annual capacity to produce 1.16 million tons of ethylene, 430,000 tons of propylene, 1.1 million tons of polyethylene, 200,000 tons of polystyrene (PS), 400,000 tons of polypropylene (PP) and 100,000 tons of 1-hexene.
 
Petrochem has a 65 percent ownership in the petrochemical complex, while the rest 35 percent stake is held by Arabian Chevron Phillips Petrochemical, a fully-owned subsidiary of US-based Chevron Phillips Chemical (CPC).
 

Fibre2fashion News Desk - India

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