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SABIC launches Euro 135 mln investment at Geleen production site

May 11/2012
(plastemart) -- Over the next eighteen months, SABIC will invest Euro 135 mln in safety, energy conservation and the environment at their production site in Geleen.

The goal of the investment is to ensure a safer, more competitive and more energy efficient cracker that is better for the environment. On April 11, an upgrade project was officially launched that will transform the Naphtha Olefins 4 cracker into one of the best crackers in Europe in terms of safety, durability and cost efficiency.

The Geleen investment fits in perfectly with SABICs growth strategy of becoming the market leader in the chemical industry. As well as the upgrade project, the 135 million euro investment will be used to launch more than twenty additional improvement projects and a substantial maintenance shutdown  scheduled for September 2013. Built in the 1970s, the cracker will be modernized according to the latest technologies so that it can continue to compete with the younger plants.
Author:Anna Larionova
Tags:oil, neftehimiya, Sabic.
Category:General News
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