Saudi Kayan Petrochemical Company, an affiliate Saudi Basic Industries Corporation (SABIC) has signed Letters of Award with two companies for the construction of new Polypropylene (PP) and Low Density Polyethylene (LDPE) plants at its complex in Al-Jubail Industrial City. A contract was signed with Samsung Engineering for the construction of a 350,000 tpa PP plant and the other with Simon Carves Limited for a 300,000 tpa LDPE plant.
SAUDI KAYAN is currently under construction. SABIC holds 35% of the company's capital of SR 15 billion and Kayan Petrochemical Company holds 20%. The remaining 45% will be offered for public subscription.
The company's complex at Al-Jubail Industrial City is expected to go live in 2009 with an annual capacity exceeding 4 million tons of chemical products. It will add some specialized chemicals to the Saudi marketplace that will be produced in Saudi Arabia for the first time. These products include aminoethanols, aminomethyls, dimethylformamide, choline chloride, dimethylethanol, dimethylethanolamine, ethoxylates, phenol, cumene and polycarbonate. This is in addition to ethylene, propylene, polypropylene, ethylene glycol, polyethylene and other products which will provide wide opportunities for downstream industries.
31-Jan-07 
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