SABIC’s affiliate, Sharq, to shut its a MEG plant in Jubail for maintenance, ICIS reports

07/04/2014 Argaam

Saudi Basic Industries Corp, the world’s biggest petrochemical maker by market value, is expected to conduct 20-day maintenance in April at one of its joint venture Eastern Petrochemical’s (Sharq) mono-ethylene glycol or MEG production lines, ICIS reported on Friday, citing an unidentified company source.

 

Jubail-based Sharq’s number 2 production line that will be shut has an annual capacity of 450,000 tons of MEG.

 

Sharq’s number 4 MEG plant was facing technical problems, according to ICIS’s sources who did not elaborate. It produces 700,000 tons of MEG a year.

 

Sharq is a joint venture equally owned by SABIC and SPDC Ltd, a Japanese consortium led by Japan’s government and consortium of companies led by Mitsubishi.  

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