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

Foster building medical polymers plant

September 19, 2014 1:39 pm ET

Foster Delivery Science is investing $8 million in a new plant in Putnam, Conn., for production of medical polymer blends, as well as rods, film or...    More

Image

BP to restart damaged PTA unit in limited capacity by November

September 19, 2014 10:27 am ET

British Petroleum plc may restart its fire-damaged purified terephthalic acid (PTA) feedstock unit in South Carolina in late October or early...    More

Image

Bayer spinning off plastics business

September 18, 2014 8:49 am ET

Bayer AG will spin off its MaterialScience plastics group into a separate, publicly-traded company within the next 12 to 18 months.    More

Image

Investor group wants DuPont to split in two

September 18, 2014 7:37 pm ET

Investment firm Trian Fund Management LP is calling for plastics and chemicals giant DuPont Co. to split itself into two firms, one of which would...    More

Image

Minnesota receives grant to help develop new bioplastics

September 17, 2014 4:08 pm ET

The University of Minnesota has received a $20 million grant to fund the development of new types of bioplastics.    More

Market Reports

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

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook – North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events