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Product category: Oil, Gas, Petrochemical Industry News
News Release from: SABIC
Edited by the Processingtalk Editorial Team on 14 February 2006

HDPE plant construction LOI signed for
Yanbu

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SABIC has signed a letter of intent with Shaw Stone and Webster for the engineering, procurement and construction of a High Density Polyethylene plant for Yanbu

Saudi Basic Industries Corporation (SABIC) has signed a letter of intent with Shaw Stone and Webster for the engineering, procurement and construction of a High Density Polyethylene (HDPE) plant at the Yansab affiliate, Yanbu, in Saudi Arabia Eng Abdulrahman Al-Fageeh, President of Yansab, signed the LOI for Yansab

Mr Ebrahim Fatemizadeh, President - Energy and Chemicals, signed the LOI on behalf of the Shaw Stone and Webster in the presence of Mr Mohamed Al-Mady, SABIC Vice Chairman and CEO.

Mr Al-Mady said, "I expect that Yansab will go on-stream by 2008 with an annual capacity of 1.3 million metric tons per annum (mtpa) of ethylene; 400,000 mtpa of propylene; 770,000 mtpa of ethylene glycol; 500,000 mtpa of Linear Low Density Polyethylene (LLDPE); 400,000 mtpa of High Density Polyethylene (HDPE); 400,000 mtpa of polypropylene; 100,000 mtpa of butene-1 and butane-2; 250,000 mtpa of benzene, xylene and toluene compound.

I believe that this large annual capacity will further enhance the SABIC position among the world's largest petrochemical companies and strengthen its competitive capabilities in global markets.

"Yansab is a model of integration among SABIC industries and a symbol of mutual cooperation between the government and private sectors".

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