SABIC in final negotiations with Vopak to rent MEG storage tanks at Eastern China port

11-Sep-09
SABIC- world’s number one producer of mono ethylene glycol (MEG ) is preparing to gear up for increased exports to China from its recently started up MEG plants at Yanbu National Petrochemicals Company (Yansab) and Eastern Petrochemicals Company (Sharq). SABIC is in final negotiations with Dutch storage and terminal operator Vopak to rent MEG storage tanks at the port of Zhangjiagang in the eastern part of China, reach 20,000 tons during the next 3-4 months. With this move, the Saudi giant aims to improve delivery to end users and reduce the delay in deliveries, in light of increased MEG exports to China in the next few weeks. SABIC’s total production capacity exceeds 5.345 mln tpa through 10 production units located in Al Jubail and Yanbu.
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