Saudi Basic Industries Corp.’s (SABIC) 50,000 tonne-per-year polyacetal plant is set to start production in early 2017, Saleh Al-Zahrani, senior manager of the company’s polyacetal business, said on Monday.
His comments came during a speech at an industry event in Dubai.
Construction work on the plant had begun in April 2014, and production had been originally scheduled to commence by the fourth quarter of 2016. SABIC previously said that the financial impact of the project would be disclosed after the launch of commercial operations.
The project, National Methanol Co. (Ibn Sina), is 50 percent owned by SABIC, while the US-based Celanese Corporation and an affiliate of Duke Energy Corp., each hold a 25 percent stake.
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