SAUDI ARABIA

YANPET Plant Running at 10% above Design Capacity

The joint-venture Saudi Yanbu' Petrochemical Company (YANPET) - owned 50% by the Saudi Basic Industries Corporation (SABIC) and 50% by Mobil Chemical Company (a unit of Mobil Oil) - has been running its petrochemical plant at Yanbu' at 10% over design capacity in its first full year of operation, according to a Mobil announcement. YANPET was designed to produce 450,000 tons of ethylene, 200,000 tons of ethylene glycol...