Saudi Kayan Gets Energy Ministry’s Nod to Raise Ethane Allocation by 30 mln cf/d
2021-01-05    [Source:PUdaily]
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Saudi KayanPetrochemical Company said on Monday that the Ministry of Energy hadapproved its request to increase Ethane allocation by a maximum of (30) MMSCFDbased on the availability of Ethane from Gas production future projects.

 

In line with the terms and conditionsstated in the allocation letter, Saudi Kayan is required to submit a plan toimplement conversion projects, substitute Crude Oil with Sales Gas, and toliaise with the Saudi BasicIndustries Corporation (SABIC) to maximise the benefits of feedstock,according to a bourse filing.

 

Saudi Kayan will work with the ministry todevelop a timeframe to start utilising the additional feedstock, which will beannounced with its positive financial impact accordingly.

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