SAUDI ARABIA: Petro Rabigh anticipates higher cost for second phase expansion project

In notifying the Tadawul (Saudi Stock Exchange) of the increased cost, Petro Rabigh, a joint venture of Saudi Aramco and Sumitomo Chemical, did not identify the reason for the increase, but said the project remains on schedule to begin production in 2016.The joint venture currently has a cracker to produce 1.3-million t/y of ethylene and 900,000 t/y of propylene, as well as downstream production of polyethylene, polypropylene, propylene oxide, ethylene glycol and butene-1.

Under the second phase project, Petro Rabigh is expanding the existing ethane cracker and adding production of ethylene propylene rubber, thermoplastic polyolefins, methyl methacrylate monomer, polymethyl methacrylate, low-density polyethylene/ethylene vinyl acetate, paraxylene/benzene, cumene and phenol/acetone.

Source: Weekly "PetroChemical News", Durham, NC, USA; 26 May 2014
(Syed Rashid Ali, Karachi, Pakistan)