MOSCOW (MRC) -- Sabic UK, an affiliate of Saudi Arabia's petrochemical major, is embarking on a major plant conversion at Teeside - changing its Olefins cracker to take US shale gas, as per Plastemart.
The shale gas feedstock will be cheaper than the naphtha fuel its uses at present.
As MRC wrote before, in February 2014, SABIC UK announced its plans to cut costs and improve competitiveness in Europe. SABIC UK Petrochemicals, which has operations on Teesside including the olefins cracker and LDPE (low density polyethylene) plant at Wilton, wants to build a large storage tank at its North Tees site for new feedstocks.
SABIC UK LTD, based in Redditch, South West Birmingham has been operating in the UK for nearly 35 years. The company have established a very strong position in the polyethylene and polypropylene business with a market share of around 18%.
Saudi Basic Industries Corporation (SABIC) ranks among the world’s top petrochemical companies. The company is among the world’s market leaders in the production of polyethylene, polypropylene and other advanced thermoplastics, glycols, methanol and fertilizers.
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