Home / Knowledge / News / Textiles / YANSAB starts up Yanbu Petchem Plant

YANSAB starts up Yanbu Petchem Plant

16
Jul '09
The Yanbu National Petrochemical Company (YANSAB) announced the startup of production at its complex in Yanbu Industrial City.

Mutlaq Al-Morished, YANSAB Chairman and SABIC Vice President, Corporate Finance, stated that the YANSAB complex, which comprises eight world-class plants, will add a total annual capacity of more than four million metric tons of petrochemical products, including 1.3 million tons of ethylene, 400,000 tons of propylene, 800,000 tons of polyethylene (both low- and high-density), 400,000 tons of polypropylene, 770,000 tons of ethylene glycol, in addition to 250,000 tons of benzene, and a mix of Xylene and toluene, 100,000 tons combined of butane-1 and butane-2, and 25,000 tons of MTBE.

Al-Morished added that YANSAB applies the latest state-of-the-art global technologies for the operation of its petrochemical complex, some of which will be introduced for the first time in the Kingdom. The complex produces olefins, aromatics, oxygenates and various polymer products that are used in plastic industries around the world.

YANSAB is a Saudi joint-stock company formed under the laws of the Kingdom of Saudi Arabia on February 11, 2006. It obtained industrial licensing on September 1, 2005 in order to run its manufacturing business. YANSAB capital is SR 5.6 billion. SABIC owns 51 percent, while SABIC Industrial Investments company (SABIC's wholly owned affiliate) owns 4 percent. Additionally, 17 Saudi and Gulf-based companies own 10 percent of the capital, with the remaining 35 percent offered in an Initial Public Offering (IPO) for public subscription by Saudi nationals. The IPO allocation was completed on January 5, 2006.

Saudi Basic Industries Corporation


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 21st Oct 2020

Not much gain for Bangla RMG exporters from PRC decision

Despite China offering duty-free market access to 97 per cent of...

Pic: Shutterstock

Retail | On 21st Oct 2020

UK BEIS Committee seeks firms' replies on forced labour

The Business, Energy and Industrial Strategy (BEIS) Committee of the...

Pic: Shutterstock

Retail | On 21st Oct 2020

NRF, EuroCommerce to reinforce cooperation on data flow

How to legally transfer customer and employee data across the...

Interviews View All

Riddhika Shah, SS Homme

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Anavila Misra, Anavila Collection

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Ajay Ghariwala, Luthra Group

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Liz Manning,

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Aditya Goyal,

Aditya Goyal

Headquartered in Surat, Anubha Industries is a specialist for sustainable...

P V Kadole,

P V Kadole

Nine co-operative organisations from Ichalkaranji came together to form an ...

Daniel Kaye, RocketLife

Daniel Kaye
RocketLife

<div>RocketLife, an award-winning developer of breakthrough visual...

Justin Chan & Shyam Gollakota, University of Washington

Justin Chan & Shyam Gollakota
University of Washington

A fabric that can store data without any electronics or batteries has been ...

Sameer Sonkusale & Rachel Owyeung, Tufts University

Sameer Sonkusale & Rachel Owyeung
Tufts University

A team at the Tufts University in Massachusetts was recently in news for...

Rupa Sood and Sharan Apparao, Nayaab

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Wendell Rodricks, Wendell Rodricks

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Tony Ward, Tony Ward

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


October 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search