Sharq to shut MEG plant in Saudi Arabia
The plant is expected to be offline for about five to six weeks, sources said.
The company owns three more MEG units, two of which have 450,000 tons/year capacity each while the third one has a production capacity of 500,000 tons/year.
Sharq Eastern Petrochemicals is a joint venture between SABIC and a consortium of Japanese companies led by Mitsubishi Corp.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- LDPE run-up enters its third month in China as tightness persists
- African PP, PE markets extend gains into Sept on tightness
- European PS follows SM lower in Sept, ABS flat on tightness
- Turkey PP, PE markets propelled higher by shipping bottlenecks in Sept
- Are record-high PVC prices the new normal amid enduring pandemic?
- European PVC up for 16th month in Sept, prices touch new highs
- Egypt’s PP, PE markets rise on tightness in September
- Logistics snarls propel import PP, PE offers higher in Europe
- Import PVC prices near all-time highs in India, disparity with China/SEA grows
- PP, PE supplies rise in China; demand lags behind expectations despite peak season