RIYADH, 12 January 2007 — Mohamed Al-Mady, SABIC vice chairman & CEO, took a tour yesterday of Saudi Basic Industries Corporation (SABIC) affiliates Saudi Yanbu Petrochemical Company (YANPET), the Arabian Industrial Fibers Company (IBN RUSHD) and National Gas Industrial Gases (GAS).
He also visited SABIC’s newest affiliate, the Yanbu National Petrochemical Company (YANSAB) and its construction works that are well under way and incorporate the latest world-class technologies. During the tour Al-Mady was accompanied by Yousef Al-Zamel, vice president Basic Chemicals, Abdulrahman Al-Ubaid, vice president Polymers and Khaled Al-Mana, vice president of Intermediates.
Al-Mady inspected the works progress at the YANSAB construction site, which is scheduled for completion by the end of the year. The complex is scheduled to go on-stream and begin commercial production next year to further strengthen SABIC’s leading position among the world’s largest petrochemical companies and boost its contributions to national Saudi development plans.
Al-Mady explained that the YANSAB complex will add a total annual capacity exceeding four million tons of petrochemical products, including 1.3 million tons of ethylene, 400K tons of propylene, 900K tons of polyethylene, 400K tons of polypropylene, 770K tons of Ethylene Glycol, in addition to 250K tons of Benzene, Xylene and Toluene mixtures, and 100K tons of (butene-1), (butene-2).
