SABIC, Shell cancel expansion project in SADAF JV
SABIC stated that the two companies decided not to continue the expansion project because of inappropriate feasibility results.
The two companies had announced in 2012 that they would proceed with the necessary studies to expand Polyol and styrene monomer propylene oxide (SMPO) production at the Saudi Petrochemical Company (SADAF), a 50:50 joint venture between SABIC and Shell located in Al-Jubail, Saudi Arabia.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Can LDPE uptrend hold in Asia?
- Europe PVC prices lag behind global markets, upward pressure mounts
- PS, ABS markets take respite from rising streak in China, SEA
- Muted demand in Europe paves way for plenty of PP, PE offers in Turkey
- Import PE uptrend persists in China despite bearish winds mounting in local market
- 3-digit hikes in Oct PVC offers reinforce supply-driven bullishness in Asia
- Crude oil caught between demand woes and production disruption
- Tightness drives European PVC market up, prices near pre-pandemic levels
- Major LDPE markets touch multi-year highs on growing tightness
- A prospect for Q4 through uncharted waters of 2020 amid pandemic