252
39
th
Annual Report
ABS project is expected to be mechanically completed during the
fourth quarter of 2014.
Saudi Basic Industries Corporation (SABIC) and ExxonMobil are
to proceed with a specialty elastomers (synthetic rubber) project at
their existing Kemya site in Al-Jubail industrial city. The project is
scheduled for completion in 2015with a total capacity of 400,000 tons/
year of synthetic rubber, styrene butadiene, polybutadiene, ethylene
propylenediene monomer (EPDM), carbon black and thermoplastic
specialty polymers, at a total cost of $ 3.1 billion.
In another development, the Saudi Polymers Company (SPC)
project in Al-Jubail, which includes the construction of an olefins
cracker, has started operations. SPC is owned 65% by Petrochem,
which is traded on the Saudi stock market (Tadawul), with the
remaining 35% held by Arabian Chevron Phillips Petrochemical
Company.
The $5 billion SPC project includes units to produce 1.15 million
tons/year ethylene, 1.1 million tons/year high and low density
polyethylene, 400,000 tons/year polypropylene, 430,000 tons/year
propylene, 200,000 tons/year polystyrene, and 100,000 tons/year
hexene-1.
In November 2012, SABIC also announced that it was progressing
plans with partner Shell to expand their Saudi Petrochemical
Company (Sadaf) joint venture. The proposed plants would be the
first of their kind in the Middle East. The 50:50 Sadaf joint venture
has the capacity to produce 4.7 million tons/year of ethylene, ethanol,
styrene monomer, ethylene dichloride, caustic soda, and methyl
tertiary butyl ether (MTBE).
Saudi Arabia and Sumitomo Chemical announced that, based on
