Saudi petrochemicals firm Yansab (Yanbu National Petrochemicals Company) expects to start making profit in 2010, less than two years after it starts production. Production at Yansab of 4 mln tons of petrochemicals is due to start in 2008. Yansab is 65% owned by Sabic and is investing $5 billion in the project that is currently progressing as scheduled, including construction and technical contracts.
The company will sell its products in Sabic's traditional markets of Europe and the Far East, and will also seek to conquer new markets.
Pre-marketing has commenced to to sell Yansab's output which will include new products such as bi-modal high density polyethylene, widely used in the production of pipes.
22-Feb-06 
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