Manama -- Sadara ceo Ziad Al-Labban claims that the Middle East’s ethylene capacity is now 20% of global production.
Speaking after his appearance at the Ethylene Middle East Technology forum in Bahrain earlier this month, he said the figure had risen by 8% in five years.
Ziad said the region is now the world’s third largest region for ethylene production and it continues to grow, he said.
“By capitalising on the abundance of natural resources, cost effective feedstock pricing, strong regulatory and industrial infrastructure and close proximity to markets with growing demand for our products, we see plenty of opportunity to not only further develop the chemicals industry, but to specifically diversify Saudi Arabia’s role in it.”
As previously reported at UTECH-polyurethane.com, Sadara is a joint venture between the Saudi Arabian Oil Company (Saudi Aramco) and Dow Chemical.
It is building a world scale chemical complex in Jubail Industrial City II in Saudi Arabia's Eastern Province. The $20bn complex is on track to deliver its first products in the second half of 2015, with full operation expected in 2016.