MOSCOW (MRC) -- Three Saudi petrochemical producers announced a serious reduction in feedstock supplies in the wake of drone attacks on Saudi Arabia’s largest oil processing plants on the night of September 14, reported NCT.
Thus, Kayan Petrochemical’s feedstock supplies to its plants have been halved due to the attack, the company said in a news release.
The Saudi company owns a 350,000 tons/year polypropylene (PP) unit, as well as low density polyethylene (LDPE) and high density polyethylene (HDPE) plants each with 300,000 tons/year capacity.
As MRC informed before, in February 2015, Saudi Arabia’s Oil Ministry allocated an additional 10m cbf/d (2.8m cbm) of ethane to Saudi Kayan Petrochemical Co (Al Jubail / Saudi Arabia) to enable an expansion of capacity at its Al Jubail complex. Thus, the company has widened its ethylene production by 93,000 t/y and its ethylene oxide capacity by 61,000 t/y since the second quarter of 2017.
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,255,800 tonnes in the first seven months of 2019, up by 9% year on year. Shipments of all PE grades increased. At the same time, the estimated PP consumption in the Russian market was 796,120 tonnes in January-July 2019, up by 11% year on year. Shipments of PP block copolymer and homopolymer PP increased.
Saudi Kayan Petrochemical Company is a manufacturing affiliate of the Saudi Basic Industries Corporation (Sabic).
MRC