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(MENAFN - Khaleej Times) The Saudi petrochemical sector will witness a massive increase in capacity in the second half of 2008, securing the country's position as a global petrochemicals supplier, according to Business Monitor International's (BMI) latest Saudi Arabia Petrochemicals Report.
The report, made available to Khaleej Times here on Friday, said that Jubail and Yanbu will be the focus of petrochemicals developments over the medium-term. The $10 billion first phase of the PetroRabigh complex, a joint venture between Saudi Aramco and Sumitomo chemicals is due to come on line by the end of this year, manufacturing 1.3 million tonnes per annum (tpa) of ethylene and 900,000tpa of propylene. Other downstream units include three 300,000tpa PE plants; two 350,000tpa PP facilities; a 200,000tpa propylene oxide (PO) plant; a 600,000tpa EG unit and a butane-1 unit.
The report said that the partners are also planning a $4b to $5b second phase, consisting of plants producing 16 downstream products including an aromatics complex and units manufacturing intermediates. Petrochemical developments will continue into 2009 with Saudi International Petrochemical Company's $1.06b acetyls complex in Jubail.
The Yansab complex is due to come on line in fourth quarter, adding more than 4m tpa in petrochemicals capacity, including 1.3m tpa of ethylene; 400,000tpa of propylene, 900,000tpa of PE, 770,000tpa of EG and 400,000tpa of PP, as well as butane, benzene, xylene and toluene mixtures.
At the same time, Tasnee Petrochemicals is set to bring online a 1m tpa ethylene facility, supplying a complex that will include 400,000tpa of HDPE and 400,000tpa of LDPE. Sabic (Saudi Arabian Basic Industries Corporation) affiliate, Saudi European Petrochemical Company (Ibn Zahr) is also planning to open a 500,000tpa PP plant at Jubail by end-2008.
The Sabic Eastern Petrochemical Company (Sharq) is planning to bring new plants online, including 1.3m tpa of ethylene, 700,000tpa of EG, 400,000tpa of HDPE and 400,000tpa of LLDPE.
Sharq's overall annual capacity is expected to exceed 4.9m tpa, and it will be the world's largest producer of ethylene glycol at one site.
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