Saudi Kayan announces material development related to feedstock
|Announcement Detail||Saudi Kayan Petrochemical Company "Saudi Kayan" announces the approval of Ministry of Energy on its request to increase Ethane allocation by maximum of (30) MMSCFD based on the availability of Ethane from Gas production future projects. In accordance to the terms and conditions stated in the allocation letter, Saudi Kayan is required to submit a plan to implement conversion projects, substitute Crude Oil with Sales Gas and to liaise with Saudi Basic Industries Corporation (SABIC) to maximize the benefits of feedstock. |
Worth to mention that the company will work with the ministry to develop a timeframe to start utilizing the additional feedstock, which will be announced with its positive financial impact accordingly.
Saudi Kayan value and extend its gratitude to Ministry of Energy for its unlimited support for the national petrochemical industry to fulfill the Kingdom 2030 vision.
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