Saudi Kayan announces energy ministry’s approval to raise Ethane allocation

The company is required to submit a plan to implement conversion projects

  
Petrochemical Plant. Image used for illustrative purpose.

Petrochemical Plant. Image used for illustrative purpose.

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Riyadh – Saudi Kayan Petrochemical Company said on Monday that the Ministry of Energy had approved its request to increase Ethane allocation by a maximum of (30) MMSCFD based on the availability of Ethane from Gas production future projects.

In line with 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 the Saudi Basic Industries Corporation (SABIC) to maximise the benefits of feedstock, according to a bourse filing.

Saudi Kayan will work with the ministry to develop a timeframe to start utilising the additional feedstock, which will be announced with its positive financial impact accordingly.

Source: Mubasher

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