Saudi Kayan restarts glycol plant
Riyadh, April 27, 2013
Saudi Kayan Petrochemical Co (Saudi Kayan) has brought its ethylene oxide/ethylene glycol plant back into operation after scheduled maintenance and will soon restart other shuttered plants, it said on Saturday.
The unit of Saudi Basic Industries Corp (Sabic) has not yet reached full production after being set up in 2007.
The company said other production plants are now under preparation for startup in the coming days.
Saudi Kayan is building a large manufacturing complex in Jubail Industrial City with eventual planned output capacity of 6 million tonnes a year. It will also make ethylene, propelene, polypropelene, butene-1 and other products.
Sabic reported a year-on-year fall in first-quarter net profit of 10 per cent this month to $1.75 billion, in line with analyst forecasts.-Reuters