Yanbu National Petrochemicals Company is a Saudi Joint Stock company established in May 2005. The project is a SR 15 billion venture, promoted by SABIC, to manufacture a wide range of basic chemical, intermediate and polymer products. SABIC holds 55% of the company shares and the remaining by other companies and individuals.
The complex is under construction in Yanbu and is expected to be operational in the beginning of year 2008. Initial annual production capacity will go beyond 4 million metric tons yearly (mty) of petrochemical products. YANSAB will apply the latest state-of the art and cutting-edge technologies in its production operations. The complex will apply for the first time a new technology for the manufacture of HDPE and other technologies for conversion of pure aromatic compounds into benzene. Once operational, this mega project will employ 1,500 employees, benefiting Saudi citizens.
YANSAB will be one of the world’s largest plants. It plans to produce 1.3 million MTY of ethylene; 400,000 MTY of propylene; 900,000 MTY of high density polyethylene (HDPE) and low density polyethylene (LLDPE); 400,000 MTY of polypropylene (PP); 700,000 MTY of mono ethylene glycol (MEG); 250,000 MTY of benzene, xylene and toluene compound.