BASF (OTCQX:BASFY), Linde (NASDAQ:LIN) and SABIC said Wednesday they launched ... plant will attempt to show that continuous olefin production is possible using electricity as a heat source.

A SABIC statement said that the expansion had added 420,000 tones per year (tpy) of ethylene glycol, 535,000 tpy of polyethylene, 260,000 tpy of polypropylene and 125,000 tpy of pyrolysis gasoline ...

SABIC is currently the second largest global ethylene glycol producer and is expected to become number one after the introduction of these new projects. It is the third largest polyethylene ...

The global market demand for ethylene oxide amounts to 15 million tons annually and 1.5 million tons for maleic anhydride. Sabic is the largest petrochemicals company in the Middle East.

Higher energy prices in Europe have played a role in ExxonMobil Corp. and Sabic closing units making the plastic feedstock ethylene and some resins in that region. In a major global materials move ...