MOSCOW (MRC) -- Saudi Arabia's National Industrialization Company, or Tasnee, has announced a curtailment of feedstock to petrochemical affiliates in varying proportions by an average of 41% due to the attacks on key Saudi Aramco facilities on Saturday, reported S&P Global with reference to the company's statement.
Tasnee owns a majority stake in Saudi Polyolefins Company and Saudi Ethylene and Polyethylene Company.
SPC has a 455,000 mt/year propylene and the 450,000 mt/year polypropylene (PP) factory.
SEPC has a 1 million mt/year ethylene unit, a 285,000 mt/year propylene unit and a 400,000 mt/year of high density polyethylene plant (HDPE), as well as a 400,000 mt/year low density polyethylene unit (LDPE).
As MRC informed before, in 2018, Tasnee conducted maintenance at its PP plant in Al-Jubail from 10 February to late February. Located at Al-Jubail in Saudi Arabia, the plant has a production capacity of 720,000 mt/year.
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.
Headquartered in Riyadh, Tasnee is primarily engaged in petrochemical, chemical and industrial projects. The
company produces petrochemical products, including polypropylene, polyethylene and acrylic acid, as well as other downstream petrochemical products.
MRC