Saudi FM calls Indian, Pakistani counterparts to discuss developments    Al Hilal thrash Gwangju to reach AFC Champions League Elite semi-finals    Saudi Arabia cracks down on fraudulent Hajj campaigns, urges pilgrims to use official channels    Nammos Amala Resort to open soon with Saudi-Greek designs    Saudi Arabia completes 674 Vision 2030 initiatives, achieves 93% of KPIs as ninth-year milestone marked    Literature Commission inaugurates Saudi Pavilion at Muscat Book Fair    Saudi Minister of Culture holds talks with his Costa Rican counterpart in Jeddah    Alkhorayef praises advancements in Al-Kharj food industries sector    MHRSD: 80% of recruitment offices are non-compliant with regulations    At least 50 Palestinians killed in Israeli strikes across Gaza    Teenage girl killed in French school stabbing attack    Trump claims meeting with China after Beijing denies any trade negotiations    GACA chief chairs 16th meeting of the Steering Committee on aviation's strategy    Saudi Theater Commission launches its Work and Learn Project in UK    The season has begun — and one comment shook us all    Jennifer Lopez dazzles in Jeddah with a Formula 1 performance    Saudi Arabia open to expanded 64-team World Cup in 2034, says sports minister    Average life expectancy in Saudi Arabia rises to78.8 years    Film Commission launches 'Cinema' initiative to enhance content    Famed Philippine film star Nora Aunor dies at 71    Pakistani star's Bollywood return excites fans and riles far right    Veteran Bollywood actor Manoj Kumar dies at 87    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Kingdom's ethylene capacity set to double
By Querubin J. Minas Saudi Gazette
Published in The Saudi Gazette on 22 - 03 - 2009

Saudi Arabia's ethylene capacity will be almost double the level achieved in 2008 by end-2013, leading to strong growth further downstream, a latest petrochemicals industry report for the first quarter of 2009 on Saudi Arabia forecast.
“Our projections for petrochemical capacity are based on currently planned projects, but it is possible that some may not come to fruition due to the restriction on ethane feedstock and a possible downturn in the Chinese market at a time of rising Chinese capacities,” the report said.
Saudi Arabia is rated as the most attractive country out of the eight surveyed by some margin, with a score of 74.1 points, up 0.4 points since the previous quarter, by BMI in its Middle Eastern Petrochemicals Business Environment Rankings Matrix.
The Kingdom is placed ahead of Qatar, which is in second place with 61.2 points.
The report released has made changes to capacity forecasts for the next five years, bearing in mind the delays to current projects.
“We do not believe the proposed Ras Tanura complex, with a 1.5 million tons per annum (tpa) ethylene cracker, will come onstream before 2014,” BMI (Business Monitor International) said in the report.
“The commissioning of the Petro Rabigh complex has also been delayed from the fourth quarter of 2008 to second quarter of 2009,” it said.
“Nevertheless, ethylene capacity in 2013 is forecast to be almost double that of 2008 levels, at 18.2 million tpa, with Jubail and Yanbu the focus of petrochemicals developments over the medium-term,” the report pointed out, adding “however, this is 1.47 million tpa lower than forecast in the previous quarter as a result of project revisions.”
In November 2008, Saudi Aramco and Total indicated that they were delaying the bidding process for the Jubail Refining and Petrochemical complex until February 2009, with contracts awarded in second quarter of 2009.
The report said the reason for the move in the deadline was put down to the financial crisis, but the partners insist the complex will still be completed by end-2012.
“They claim the delay will allow contractors to present more realistic bids,” it said.
Meanwhile, in September 2008, Petro Rabigh announced that technical problems with some units at the new refining and petrochemicals complex meant that completion is moved to first quarter of 2009.
As a result, the price of the complex is set to rise by up to $300m million to $10.3 bilion. Costs have been continually revised upwards and are now more than double the original $4.3 billion, the report further said.
BMI said in the report that “due to the integrated nature of the megaprojects currently under development, any delay further up the supply chain causes delays in downstream developments.” “Consequently, the delay in Petro Rabigh has led to a delay in the commissioning of polymer plants with capacities of 300,000tpa PE plants and 700,000tpa PP,” it added.
By end-2009, polyolefins production capacity should reach 10.78 million tpa before rising over 40 percent to 15.18 million tpa by end-2013. Most of the growth will come from the PE segment. __


Clic here to read the story from its source.