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Saudi Kayan sends first acetone shipment to India
Kayan shipped 1,600 tonnes of acetone to India's markets.
January 17, 2011 12:24 by Reuters
Saudi Basic Industries Corp (SABIC) said on Monday its unit Saudi Kayan Petrochemicals Co started producing acetone and sent its first shipment to India.
Kayan, in which SABIC holds a 35-percent stake, shipped 1,600 tonnes of acetone to India’s markets, SABIC said in a statement.
When completed, Kayan’s complex in Jubail on the Gulf coast is expected to produce 5.5 million tonnes per year of petrochemical products. The output capacity of acetone plant is 140,000 tonnes annually, it said.
The company has said it plans to start commercial operations at 15 out of 16 plants before the end of 2011.
Acetone is used for paints, cleaning fluids, adhesives among others. It is a intermediate feedstock for acrylics and Bisphenol A (BPA).
(Reporting by Reem Shamseddine; editing by Reed Stevenson)