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Ethan supply to Petro Rabigh expected to be cut by 20%

September 19/2019

MOSCOW (MRC) -- Saudi Arabia's Rabigh Refining and Petrochemical Company, or Petro Rabigh, might face a further curtailment of feedstock supplies, as per the company's press release. 

In a filing to the Saudi Stock Exchange or Tadawul, the company said that "based on the latest developments, the supply of ethane will be reduced by 20%".

Earlier this week, Petro Rabigh said it sees ethane gas supply cut by 8% and crude oil by 12.5%.

At present, the company is evaluating the final impact, any significant developments will be disclosed later.

As repported earlier, attacks on Saudi Aramco's Abqaiq processing facility and the Khurais field on Saturday morning have led to production cuts of around 5.7 million b/d, representing about half of the company's production capacity.

Petro Rabigh has a refinery in Rabigh with a crude processing capacity of 400,000 b/d. The company also has an ethane cracker which is able to produce 1.6 million mt/year of ethylene. Its downstream units can produce 600,000 mt/year of monoethylene glycol and 1.06 million mt/year of polyethylene.

Saudi Aramco supplies ethane and crude oil to Petro Rabigh and also owns a 37.5% stake in the company. Japan's Sumitomo Chemical owns another 37.5% stake in Petro Rabigh.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polyprolypele (PP).

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.

PetroRabigh, a joint venture between Saudi Aramco and Japan's Sumitomo Chemical, has an annual output capacity of 18 million tonnes of refined products and 2.4 million tonnes of petrochemicals.


mrcplast.com
Author:Margaret Volkova
Tags:PP, PE, monoethylene glycol (MEG), crude and gaz condensate, PP block copolymer, homopolymer PP, propylene, ethylene, petrochemistry, Petro Rabigh, Russia, Saudi Arabia.
Category:General News
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