Al-JUBAIL, Saudi Arabia (December 7, 2011) - Chevron Phillips Chemical Company LLC (Chevron Phillips Chemical) congratulates Saudi Polymers Company (SPCo) and its joint venture partner, National Petrochemical Company, on completion of construction of the SPCo joint venture's manufacturing facility located in Al-Jubail, Saudi Arabia.
Final commissioning and testing activities continue with a priority on ensuring safe and reliable operations. Commercial production is expected in the first quarter of 2012.
The integrated SPCo petrochemicals complex includes world-class operating units that are capable of producing Ethylene (1,165 kmta), Propylene (445 kmta), Polyethylene (1,100 kmta), Polypropylene (400 kmta), Polystyrene (200 kmta) and 1-Hexene (100 kmta). In addition to direct sales in the local Saudi market, the company will serve world markets outside the Kingdom of Saudi Arabia through its exclusive distributor, Gulf Polymers Distribution Company, utilizing Chevron Phillips Chemical's global marketing network.
SPCo, which began construction in January 2008, has created approximately 950 jobs, with a high percentage being occupied by Saudi nationals.
SPCo is a limited liability company incorporated in the Kingdom of Saudi Arabia that is owned 65 percent by National Petrochemical Company (Petrochem), a joint-stock company incorporated in the Kingdom of Saudi Arabia and 35 percent by Arabian Chevron Phillips Petrochemical Company (ACP), a wholly-owned subsidiary of Chevron Phillips Chemical.