Saudi Basic Industries Corporation (SABIC) is expanding its operations in the Middle East to meet the fast growing demand for petrochemicals, especially in intermediates and polyolefins. A press statement published today noted that SABIC's vice president for intermediates, Khaled Al-Mana, made this disclosure at SABIC's media conference held yesterday in conjunction with the Asia Petrochemical Industry Conference (APIC) 2005 in Yokohama, Japan. "We are currently the second largest producer of ethylene glycol in the world and SABIC will become the number one producer in 2006. By 2006, SABIC will have a total ethylene glycol production capacity of 3.9 million metric tons per year and meet over 22 percent of global demand, out of which 3 million will be marketed by SABIC," he said. --MORE 1011 Local Time 0711 GMT
