Yansab Set to Expand Production Capacity of Ethylene Glycol in Saudi Arabia

Petrochemical products manufacturing company, Yansab, plans to hike production capacity of Ethylene Glycol at Yanbu, Saudi Arabia.

Saudi Arabia: Yanbu National Petrochemical Co. (Yansab), a Saudi Arabia based petrochemical products manufacturer, has announced plans to expand the production capacity of ethylene glycol in Yanbu, Saudi Arabia. The company has awarded the ethylene glycol DBN project, worth USD99.4 million to eTEC E&C limited. The Korean construction engineering company, eTEC E&C limited would be responsible for engineering, procurement and construction of the plant. The new plant at Yanbu is expected to commission by the end of 2018. With the successful commissioning of plant, the overall capacity of ethylene glycol is estimated to increase by 80 thousand metric tons per year.

TechSci Research depicts that the expansion in ethylene glycol capacity would allow Yansab to cater the increasing demand from polyester fiber industry for application in textile industry as well as from PET industry for application in soft packaging sector. Additionally, expanding market for ethylene glycol would ensure steady supply to the de-icing fluids industry, where ethylene glycol is the most commonly used raw material.

According to the recently published report by TechSci Research, “Global De-Icing Fluid Market by Type (Type I, Type II, Type III & Type IV), By Application (Commercial & Non Commercial), By Composition (Ethylene Glycol & Propylene Glycol), By Region, By Company Forecast & Opportunities, 2021”, the global market for de-icing fluids is projected to grow at a CAGR of over 5% during 2016 - 2021. Growth in global de-icing fluids market is projected to be underpinned by rising investments by private companies and supportive government initiatives to boost aviation industry across major global economies. North America and Europe accounted for a cumulative share of more than 85% in the global de-icing fluids market, and the dominance of both of these regions is expected to continue over the next five years. Increasing expenditure on research and development by companies operating in the global de-icing fluids market is anticipated to result in rollout of new products and technologies in the coming years, which is expected to have a positive impact on the global de-icing market. Few of the major players operating in global de-icing fluids market include Clariant International Ltd., The Dow Chemical Company, Kilfrost, Proviron Holding NV, Cryotech Deicing Technology, LNT Solutions, LyondellBasell Industries NV, and Integrated Deicing Services, LLC.