Sahara Petrochemical to launch three projects 2014

Sahara Petrochemical Company said in its annual board report, that was published today, that its 75% affiliated company, Al Waha petrochemicals, reached 94% of designed capacity in 2013 producing 434,000 tons of Polypropylene.

The company expects 3 affiliates to start commercial operations in 2014 as follows:

Sahara Affiliates to Start Operations in 2014
Commercial Operations	Products	Company
H1	Produces 64,000 Tons/Annum of Glacial Acrylic Acid and 160,000 Tons/Annum of butyl acrylate	Saudi Acrylic Monomer Company (SAMCO)
Q3	Produces 80,000 Tons/Annum of super absorbent polymer	Saudi Acrylic Polymer Company (SAPCO)
Q2	Produces 227,000 Tons/Annum of chlorine, 250,000 Tons/Annum of caustic soda and 300,000 Tons/Annum of EDC	SAHARA & Ma'aden Petrochemicals Company (SAMAPCO)

The Butanol project is expected to go on stream in 2015.

Sahara is a petrochemicals holding company that owns stakes in a number of petrochemicals companies as shown in the table below:

Sahara Affiliates Profile
Main Activity	Sahara Stake	Capital in SAR millions	Company
Produces polypropylene	75.00%	1547.6	Al Waha Petrochemicals
Petrochemical holding company	32.55%	2830.0	Tasnee & SAHARA Olefins Company (TSOC)
Produces ethylene, propylene, HDPE and LDPE	24.41%	2737.5	Saudi Ethylene & Polyethylene (SEPC)
Holding company that operates Acrylic acid and its derivatives’ projects	43.16%	1777.0	Saudi Acrylic Acid Company (SAAC)
Produces acrylic acid, butyl acrylate, 2EHA and Glacial Acrylic Acid	32.37%	1084.5	Saudi Acrylic Monomer Company (SAMCO)
Produces super absorbent polymers	32.37%	416.4	Saudi Acrylic Polymer Company (SAPCO)
Produces chlorine, caustic soda and EDC	50.00%	900.0	SAHARA & Ma'aden Petrochemicals Company (SAMAPCO)
Produces n-butanol and iso-butyraldehyde	14.38%	1939.0	Butanol Project
		The project is still under study and aims at producing Neopentyl glycol	Neopentyl glycol Project

The company’s 2013 profits rose to SAR 570.8m (SAR 1.3/share), 179% higher than 2012. Sahara’a board declared SAR 0.85/share dividends for 2013.

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