In a workshop held in Asharqia Chamber.
Rabigh
Refining and Petrochemical Company (PetroRabigh) announced the details of its
new value added products during the second stage of its industrial project expected in
September this year, as it aims to enhance the manufacturing industry in the
Kingdom.
Takashi
Shigemori, vicar of market development, said on Monday morning, May 8, 2017, in a meeting held by Asharqia Chamber, chaired by the Chairman of the Industrial
Committee Abdullah Al Sanea and attended by the Board Member Ibrahim Asharqia. The second stage
includes the expansion of the petrochemical production and refining currently
in Rabigh, the
new industrial stage will provide a variety of new petrochemical products in
the region, including ethylene polypropylene, polyolefin, plastic, and methac Methyl
Reelite, Monomer, Polyamethyl Methacrylate, LDPE / Ethylene, Paxilene /
Benzene, Caumin, Phenol / Acetone, etc. The construction of the Phenol plant
started with a capacity of 275 thousand metric tons per year, Metric per year.
"These
developments are after the successes of Petro Rabigh 1 through its world wide
projects with an investment of 40 billion riyals and a huge production capacity
of 17.175 million tons per year of oil derivatives such as LPG, naphtha,
gasoline, jet fuel, diesel, and fuel oil, while the production capacity of
petrochemical products 2.4 million tons per year.
He
explained that Petro Rabigh supports the Kingdom plans accordance to the Vision
2030, which focuses on the manufacturing sector, in Rabigh (on an area of 2.4
million square meters) has dozens of manufacturing plants whose products depend
on the basic materials provided by Petro Rabigh.
The
new project will introduce new products produced for the first time in the
Middle East, such as LDPE, EVA, TPO, PMMA, Nylon 6, Acetone and Phenol, ,
Para xylene and benzene. These products are used for packing foodstuffs, shoes,
textiles, industrial fibers, welding products, extrusion sheets, pipes, rods,
films, chips, housewares, optical lenses, electrical equipment, auto parts,
pesticides and herbicides. Polystyrene,
engineering plastics, synthetic rubber, nylon and detergents.
Petro
Rabigh is a mutual venture between Saudi Aramco and Japan Sumitomo Chemical
Company with a US $ 10 billion capital, one of the world largest integrated
refineries and petrochemicals, offering products that add value to the natural
resources in the country and attract significant investment in manufacturing, one
of the biggest producers of
polypropylene, polyethylene and monoethylene glycol, and the only producer of
propylene oxide in the Middle East.
The
company has initiated a series of initiatives to meet with interested parties
in the Chambers of Commerce and Industry in the three main cities of the
Kingdom and to inform the manufacturers about the benefits of the most diversified
products in the project, and it represents promising investment opportunities
for businessmen, including businessmen in the Eastern Province for the Saudi
youngens.
