MOSCOW (MRC) -- Chemical maker Sabic has started up its new polypropylene (PP) compounding line in Genk, Belgium, said Canplastics.
The new line is an addition to the company’s existing production capacity for Sabic PP compounds at the Genk site, and will use raw materials from Sabic’s PP plants at Gelsenkirchen, Germany, and Geleen, The Netherlands.
According to Sabic officials, the plant has been equipped with large-scale extrusion technology "to meet the market’s growing demand for high-quality, high-performance PP compounds with reliable and consistent supply."
"This investment is part of our business strategy for growth through advanced PP compound solutions designed to help customers develop next-generation lightweight applications in industries such as automotive, home appliances, and consumer goods,” said Lada Kurelec, Sabic’s general manager for PP and E4P business. “The added capacity also enhances our on-site production flexibility for introducing innovative new PP polymer technology without compromising the security of supply of established compound products."
As per MRC, Sabic Innovative Plastics, a subsidiary of the largest Saudi petrochemical company - Sabic, on 27 September closed production at its polycarbonate (PC) plant in Mount Vernon (Mount Vernon, Indiana, USA) for planned preventive measures. Maintenance at this enterprise with a capacity of 245,000 tonnes of PC per year continued until 11 October.
MRC informed earlier, BASF SE (Germany), Sabic (Saudi Arabia) and Linde (Germany) signed an agreement to develop electrically heated cracking furnaces. Steam cracking units require significant amounts of energy to break down hydrocarbons into olefins and aromatics.
Sabic is a diversified company manufacturing chemicals, industrial polymers, fertilizers and metals. It is the largest state-owned company in Saudi Arabia. Sabic is currently the world's second largest ethylene glycol producer, the third largest polyethylene producer, and the fourth largest polypropylene producer. Sabic cut its 2015 net profit by 7% to SR23.43 billion (Saudi reais), equivalent to USD6.24 billion, amid lower average selling prices and increased sales.
MRC