PMD selects Basell's Spheripol and Lupotech T technologies for new plants in Saudi Arabia
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project management and Development Company Ltd. (PMD) has selected Basell technologies for two new polypropylene plants and a new low density polyethylene plant that will be built in Saudi Arabia. The two Spheripol process polypropylene plants will have a combined annual capacity of 640 KT, and the Lupotech T process LDPE plant will have an annual capacity of 270 KT. The three new plants will be part of a new petrochemical complex in the industrial city of Al Jubail, Saudi Arabia. Start-up is scheduled for late 2008.
"Saudi Arabia is one of the fastest growing and most important petrochemical centres in the world," said Just Jansz, president of Basell's Technology Business. "Within the last year, Basell has granted nine licenses with a combined annual capacity of 3.2 million tonnes in Saudi Arabia alone."
Jansz added, "The capacity expansions in Saudi Arabia are part of an unprecedented growth in polyolefins worldwide. Basell has already licensed more than 3.3 million tonnes in 2005. This follows a record setting year in 2004 when we sold licenses totalling more than 4 million tonnes of new capacity."
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