Product category:
Oil, Gas, Petrochemical Industry News
News Release from: SABIC
Edited by the Processingtalk Editorial
Team on 29 December 2005
Progress at Yansab inspected
His Highness Prince Saud Bin Thunayan Al-Saud, Chairman of Sabic, has recently inspected the Yansab affiliate construction site at Yanbu Industrial City
His Highness Prince Saud Bin Thunayan Al-Saud, Chairman, Royal Commission for Jubail and Yanbu and Chairman, Sabic Board of Directors, on 24 December 2005, inspected the Yansab affiliate construction site at Yanbu Industrial City Prince Saud and the accompanying delegation were welcomed by Yansab President, Abdulrahman Al-Fageeh and a number of other Yansab officials
This article was originally published on Processingtalk on 18 Jul 2003 at 8.00am (UK)
Related stories
Air separation plant contract for Air Products
National Industrial Gases Company, Saudi Arabia, has awarded a turnkey contract for the engineering, procurement and construction of an air separation plant to Air Products
Middle Eastern Petrochemical industry growth
Mohamed H Al-Mady, SABIC CEO, discusses the evolution of the Middle Eastern petrochemical industry at the National Petrochemical and Refiners Association Conference 2004
Prince Saud was briefed on the project's different construction phases then inspected the rapidly growing construction works.
He said, "I am very satisfied with the progress of the construction work.
This will ensure that this mega project is deemed a major addition and contribution to the global petrochemical industry as well as in the Kingdom of Saudi Arabia and to Yanbu Industrial City in particular".
Yansab is scheduled to go on-stream by 2008 with an annual capacity exceeding 4 million metric tons (MT) of petrochemical products, including 1.3 million MT of ethylene, 400K MT of propylene, 900K MT of polyethylene, 400K MT of polypropylene, 700K MT of ethylene glycol, 250K MT of benzene, toluene and xylene compound and 100K MT of butene-1 and butene-2.
Sabic owns 55 percent of the Yansab shares.
Sabic affiliates IBN Rushd and TAYF with national and regional establishments and companies own a further 10 percent.
The remaining 35 percent is currently being put to public offering which is set to end on Thursday, 29 December, 2005.
• SABIC: contact details and other news
• Email this article to a colleague
• Register for the free Processingtalk email newsletter
• Processingtalk Home Page
