President Message:
The Saudi Petrochemical Sector has witnessed a major move since the early nineties of the twentieth century, after the private sector took the initiative to invest in the petrochemical industries and setting up reliable manufacturing plants. TASNEE was one of the leading private companies who invest in this field and set up a petrochemical business. TASNEE has grown to be the second largest industrial and petrochemical company among the list of TOP 100 Saudi Companies. TASNEE has constructed TASNEE Petrochemical Complex in Jubail industrial city which consists of two giant projects:
Saudi Polyolefins Company (SPC)
The Company has two integrated factories namely, the propylene factory with an annual production capacity of 455.000 ton, which was, then, the largest of its kind worldwide, and the polypropylene (PP) factory with an annual production capacity of 450.000 ton.
TASNEE owns 75% of SPC, whereas Lyondell Basell owns 25%, and production goes back to early 2004. The company has increased the annual production capacity of Polypropylene by 270.000 ton which lifts the total annual capacity of this factory to 720.000 ton of Polypropylene.
Saudi Ethylene and Polyethylene Company (SEPC)
SEPC has a unit for production of ethylene and propylene and two unites for production of polyethylene, and propylene. The Company’s annual production capacity is one million ton of ethylene, 285.000 ton of propylene and 400.000 ton of high density polyethylene (HDPE), and 400.000 ton of low density polyethylene (LDPE).
Production of ethylene/propylene goes back to August 2008, and production of HDPE started in November 2008, and that of LPDE in March 2009. The polyethylene two factories are the largest of their kind worldwide. The total investment cost of the whole complex is SR 9.5 billion. The plants are owned by TASNEE and Sahara Olefins Company and Lyondell Basell.
TASNEE also being keen to diversify its products, it started to form The Saudi Mono-acrylic Company (under establishment), which is implementing a first of its kind in Middle East Acrylic project in joint venture between TASNEE & Sahara Olefins Company (one of TASNEE affiliates) 75%, and Rohm & Haas 25%. This project will start production in 2012.
Saleh F. Al-Nazha
President, Tasnee Petrochemical's Complex
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