JEDDAH: Rabigh Refining and Petrochemical Company (PetroRabigh) reached a significant operational and financial milestone at midnight on Dec. 31 with the successful completion of the Lenders Reliability Test (LRT) in all plants at its refining and petrochemical complex.
The safe and successful testing confirms the complex's production stability and reliability, according to a statement received here.
Successful completion of the LRT, which requires that no single stoppage should exceed 72 hours, saw the complex operate for 210 days with average feedstock consumption at over 90 percent of design and average production at over 80 percent.
PetroRabigh was able to vastly exceed minimum requirements by maintaining an operating factor of 97 percent for the tenure of the LRT.
The safe and successful LRT marks the completion of the physical testing of the PetroRabigh Complex and means that it is now fully operational and optimized.
PetroRabigh was set up in September 2005 as a joint venture between Saudi Aramco and Sumitomo Chemical of Japan, and is the largest integrated refining and petrochemical complex ever built at one time.
With its vision to be globally recognized and locally committed, PetroRabigh presents opportunities for private local investment in the petrochemical industries and hence creates jobs to boost the local economy.
© Arab News 2012
