Sahara Petrochemical to launch three projects 2014

20/02/2014 Argaam

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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