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

Indian cotton spinners’ performance likely to weaken: ICRA

Textiles | On 23rd Aug 2019

Indian cotton spinners’ performance likely to weaken: ICRA

The performance of Indian cotton spinners is likely to weaken in...

Pic: Ulster Carpets

Apparel/Garments | On 23rd Aug 2019

Irish Ulster Carpets, Mourne Textiles create new business

Two major textile companies in Northern Ireland-Ulster Carpets based...

Pic: Shutterstock

Textiles | On 23rd Aug 2019

Uttar Pradesh to develop textile park in Farrukhabad

The Uttar Pradesh government recently decided to set up a textile...

Interviews View All

Sanjay Yagnik, Maa Tex Speciality

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Krishnanand Tripathi, Textrade International Ltd

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Top executives, Textile industry

Top executives
Textile industry

Customised t-shirts is not a fad

Deepprakash Agrawal,

Deepprakash Agrawal

Radhey Weaves is a Surat-based manufacturer of brocade fabrics. MD...

Karan Behal,

Karan Behal

Karan Behal, founder and chief executive of top-selling brand...

Mala Alwani,

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Ray Baughman, University of Texas -Dallas

Ray Baughman
University of Texas -Dallas

<div>A team of scientists and researchers have discovered twistrons,...

S Ziya Gumuser, Teknomelt

S Ziya Gumuser
Teknomelt

Turkish nonwoven manufacturer Teknomelt has been around for only seven...

Johann-Philipp Dilo, Dilo Group

Johann-Philipp Dilo
Dilo Group

German company Dilo Group is one of the leading equipment suppliers of...

Ritu Kumar, Label Ritu Kumar

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Hemant & Nandita, Hemant & Nandita

Hemant & Nandita
Hemant & Nandita

The designer duo of Hemant &amp; Nandita are known for being inspired by...

Anisha Chaudhari, Threads & Shirts

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

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


August 2019

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

news category


Related Categories:

Advanced Search