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Saudi Kayan gets more gas for making ethylene
(MENAFN- Arab News) ALKHOBAR: Saudi Arabia's Oil Ministry has allocated more natural gas to Saudi Kayan Petrochemical Co. for it to expand ethylene production at its petrochemical complex in Jubail the company said on Sunday.
The ministry has allocated the affiliate of Saudi Basic Industries Corporation (SABIC) an extra 10 million cubic feet a day (scfd) of ethane from July 1 Kayan said in a bourse statement.
The extra gas will allow it to raise ethylene production capacity by at least 93000 tons a year and ethylene oxide capacity by 61000 tons a year by the second quarter of 2017 it said.
The additional ethane supply will also allow the company to reduce its consumption of butane gas it said.
As part of the same deal SABIC will also reduce the marketing fees it charges Saudi Kayan which will save the company SR280 million ($74.6 million) this year and SR600 million a year once its projects are completed it said.
The ministry has allocated the affiliate of Saudi Basic Industries Corporation (SABIC) an extra 10 million cubic feet a day (scfd) of ethane from July 1 Kayan said in a bourse statement.
The extra gas will allow it to raise ethylene production capacity by at least 93000 tons a year and ethylene oxide capacity by 61000 tons a year by the second quarter of 2017 it said.
The additional ethane supply will also allow the company to reduce its consumption of butane gas it said.
As part of the same deal SABIC will also reduce the marketing fees it charges Saudi Kayan which will save the company SR280 million ($74.6 million) this year and SR600 million a year once its projects are completed it said.
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