MOSCOW (MRC) -- Yanbu National Petrochemical Company (Yansab), part of Saudi Basic Industries Corporation (Sabic), is planning to restart its polypropylene (PP), linear low density polyethylene (LLDPE) and high density polyethylene (HDPE) plants on 23 July, 2021, after an unplanned turnaround, reported Agraam with reference to the company's statement in a bourse filing.
Based in Yanbu, Saudi Arabia, the company has PP, LLDPE and HDPE plants with production capacity of 400,000 tons/year each, which were temporary shut on 11 July, 2021, due to technical issues.
The petrochemical producer is currently working on repairs and necessary maintenance. Thus, the shutdown is expected to continue for 12 days.
As MRC informed earlier, in 2021, the company conducted a scheduled turnaround at these plants from 5 to 15 February.
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 2,220,640 tonnes in 2020, up by 2% year on year. Only shipments of low density polyethylene (LDPE) and high density polyethylene (HDPE) increased. At the same time, polypropylene (PP) shipments to the Russian market reached 1 240,000 tonnes in 2020 (calculated using the formula: production, minus exports, plus imports, excluding producers' inventories as of 1 January, 2020).
Yansab is the most recent SABIC, (Saudi Basic Industries Corp), affiliate in Saudi Arabia, and will be the largest Sabic petrochemical complex. It will have an annual capacity exceeding 4 million metric tons (MT) of petrochemical products including: 1.3 million MT (metric-tons) of ethylene; 400,000 MT of propylene; 900,000 MT of polyethylene; 400,000 MT of polypropylene; 700,000 MT of ethylene glycol; 250,000 MT of benzene, xylene and toluene, and 100,000 MT of butene-1 and butene-2.
Saudi Basic Industries Corporation (Sabic) ranks among the world's top petrochemical companies. The company is among the world's market leaders in the production of polyethylene, polypropylene and other advanced thermoplastics, glycols, methanol and fertilizers.
MRC