MOSCOW (MRC) -- SABIC Europe, part of Saudi chemical manufacturing company - SABIC, has lifted the force majeure (FM) on polyethylene (PE) products from Geleen and Gelsenkirchen plants, according to NCT with reference to a letter sent to its customers.
The FM was lifted as of August 30, 2021, after the feedstock pipeline has been successfully restored, which was damaged by the flooding of the river Maas back in late July.
According to the letter, the repair of the feedstock pipeline allowed the company to ramp up its operations, while the company is still in the process of recovering its stock position.
SABIC Europe has a total PE capacity of 1.48 million tons/year in Geleen, the Netherlands and Gelsenkirchen, Germany.
As MRC reported earlier, in May 2021, SABIC signed a joint agreement with BASF and Linde to develop and demonstrate solutions for electrically heated steam cracker furnaces. The partners had already jointly worked on concepts to use renewable electricity instead of the fossil fuel gas typically used for the heating process. With this innovative approach focusing on one of the petrochemical industries’ core processes, the parties strive to offer a promising solution to significantly contribute to the reduction of CO2 emissions within the chemical industry.
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,176,860 tonnes in the first half of 2021, up by 5% year on year. Shipments of exclusively low density polyethylene (LDPE) decreased.
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.