SHARQ, Ethylene Expansion
January 9, 2009
Sharq, which is also known as the Eastern Petrochemical Company, was established in 1981. In 2004 the board of Saudi Arabia’s Sabic announced that it had approved an investment of $6.4 billion for the expansion of its petrochemical capacity. The Sharq expansion project is a joint venture between Sabic and the Saudi Petroleum Development Company. The Sharq expansion project will add a total capacity of 2.8 million tpa to Sabic’s total output and at the same time enhance Sharq’s position as the world’s single largest producer of ethylene glycol.
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