Sahara Petrochemical Company said in its annual board report, that was published today, that its 75% affiliated company, Al Waha petrochemicals, reached 94% of designed capacity in 2013 producing 434,000 tons of Polypropylene.
The company expects 3 affiliates to start commercial operations in 2014 as follows:
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Sahara Affiliates to Start Operations in 2014 |
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Commercial Operations |
Products |
Company |
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H1 |
Produces 64,000 Tons/Annum of Glacial Acrylic Acid and 160,000 Tons/Annum of butyl acrylate |
Saudi Acrylic Monomer Company (SAMCO) |
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|
Q3 |
Produces 80,000 Tons/Annum of super absorbent polymer |
Saudi Acrylic Polymer Company (SAPCO) |
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Q2 |
Produces 227,000 Tons/Annum of chlorine, 250,000 Tons/Annum of caustic soda and 300,000 Tons/Annum of EDC |
SAHARA & Ma'aden Petrochemicals Company (SAMAPCO) |
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The Butanol project is expected to go on stream in 2015.
Sahara is a petrochemicals holding company that owns stakes in a number of petrochemicals companies as shown in the table below:
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Sahara Affiliates Profile |
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Main Activity |
Sahara Stake |
Capital in SAR millions |
Company |
|
Produces polypropylene |
75.00% |
1547.6 |
Al Waha Petrochemicals |
|
Petrochemical holding company |
32.55% |
2830.0 |
Tasnee & SAHARA Olefins Company (TSOC) |
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Produces ethylene, propylene, HDPE and LDPE |
24.41% |
2737.5 |
Saudi Ethylene & Polyethylene (SEPC) |
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Holding company that operates Acrylic acid and its derivatives’ projects |
43.16% |
1777.0 |
Saudi Acrylic Acid Company (SAAC) |
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Produces acrylic acid, butyl acrylate, 2EHA and Glacial Acrylic Acid |
32.37% |
1084.5 |
Saudi Acrylic Monomer Company (SAMCO) |
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Produces super absorbent polymers |
32.37% |
416.4 |
Saudi Acrylic Polymer Company (SAPCO) |
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Produces chlorine, caustic soda and EDC |
50.00% |
900.0 |
SAHARA & Ma'aden Petrochemicals Company (SAMAPCO) |
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Produces n-butanol and iso-butyraldehyde |
14.38% |
1939.0 |
Butanol Project |
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The project is still under study and aims at producing Neopentyl glycol |
Neopentyl glycol Project |
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The company’s 2013 profits rose to SAR 570.8m (SAR 1.3/share), 179% higher than 2012. Sahara’a board declared SAR 0.85/share dividends for 2013.
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