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...
- SE Asian PP, PE markets look for direction amid tepid demand, rising freights
- European PS, ABS markets open 2022 on firm footing
- Asia PET prices extend gains into January
- China’s PVC exports hit records in 2021; challenge global suppliers
- Stats: Turkey’s PP, PE imports on track for record-setting year
- What to watch in 2022 in polymer markets?
- Turkey’s PE markets retain downtrend as 2021 ends
- Asian PP, PE markets to start 2022 on a bearish note
- PET bottle prices rise 40% in 2021 across Asia
- Egypt’s PVC markets set to end 2021 on weaker footing