SIIG Starts trial run of the polyethylene pipes plant

19/03/2014 Argaam

The Saudi Industrial Investment Company (SIIG)   announced today the commencing of trial operations for the polyethylene pipes production plant, according to its filling on Tadawul.

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The plant is the second project for the Petrochemical Conversion Company (PCC) in Jubail, an equally owned joint venture between SIIG and Chevron Phillips. PCC was established in 2011 with a capital of SAR 150m to develop a number of conversion projects. Today the total investments of PCC reached SAR 2800m.

 According to Argaam’s data the first project started trial run on February 2, 2014 and it is expected that PCC projects will go on stream gradually this year.

The company did not provide any further information regarding anticipated date for commercial production nor the expected financial effect.

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