Sabic gets cracking on US shale gas imports

Anthony Clark
PRW

Published: August 14, 2014 11:46 am ET
Updated: August 15, 2014 8:23 am ET

Related to this story

Topics Materials Materials Suppliers
Companies & Associations Saudi Basic Industries Corp./Sabic

Saudi Basic Industries Corp. is modifying its cracker at Teesside, England, to handle shale gas imported from the United States. The $15 million cracker upgrade to use shale gas-based feedstock is scheduled to be completed during 2016.

Yousef Al-Benyan, Sabic executive vice-president, chemicals, said: “This project reflects Sabic’s strong determination to take advantage of cutting-edge technology in creating new sources of competitive feedstock and energy that will allow the company to continue to build a sustainable business and deliver on its long-term vision.

“Our long-term focus is to have a business that stays profitable not only in the European region, but across our global markets.”

The cracker conversion will allow Sabic to use its existing facilities to produce olefins and their derivatives more competitively, said the company.

Construction work is already underway at Port Clarence at the North Teesside plant on a new terminal and tank storage to handle the U.S. ethane imports.

The announcement was described as “highly significant” by the London-based Chemical Industries Association’s (CIA) chief executive. Steve Elliott. “It shows great faith in the UK by one of the world’s leading businesses,” he added.

“I congratulate everyone involved in securing and making this investment. It is the latest signal from a global company that we can make the UK the place for chemical businesses to invest.

"Through working with government across a range of issues, the UK Chemistry Growth Partnership is shaping a successful social and environmental — as well as economic — future for our country as chemical and pharmaceutical businesses develop those all-important supply chains.”

Riyadh, Saudi Arabia-based Sabic employs 600 people directly and 400 contractors at the Teesside plant.


Comments

Sabic gets cracking on US shale gas imports

Anthony Clark
PRW

Published: August 14, 2014 11:46 am ET
Updated: August 15, 2014 8:23 am ET

Post Your Comments


Back to story


More stories

Image

Resin prices remain unpredictable

April 27, 2015 12:23 pm ET

Oil prices leveled off a bit in March, but North American commodity resin prices remained as unpredictable as ever.    More

Image

Dow Chemical bullish about prospect for global polyurethane markets

April 27, 2015 11:17 am ET

MAASTRICHT, THE NETHERLANDS — Glenn Wright, president of Dow Chemical Co.’s polyurethanes and formulated systems business, revealed that...    More

Image

PolyOne launches Geon BIO PVC using soy-based materials

April 24, 2015 11:48 am ET

More than a decade of research is paying off for Battelle Memorial Institute in the form of Geon BIO PVC compounds from PolyOne Corp.    More

Image

Study suggests infants at lower risk from BPA exposure than expected

April 23, 2015 4:58 pm ET

A new study shows that newborn babies may have less risk from bisphenol A exposure than originally thought.    More

Image

Braskem and Odebrecht reconsidering West Virginia plastics project

April 23, 2015 2:54 pm ET

Brazilian firms Braskem and Odebrecht have confirmed that they are re-evaluating Project Ascent, the major plastics and petrochemicals project they ha...    More

Market Reports

North American Thermoformed Packaging Market Outlook & Review 2015

Our annual report provides a thorough review and analysis of economic and political conditions, emerging market trends, packaging design advances, materials pricing and sustainable packaging issues impacting supply and demand in the TP segment. Our analysts identify key drivers of growth and opportunities for processors to remain competitive in the years ahead through innovation, production efficiencies and more.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events