London, Asharq Al-Awsat- SABIC signed a contract with the German contractor, Uhde, for the construction of a new bimodal HDPE (high density polyethylene) plant at its production site in Gelsenkirchen, Germany .
The new 250 kt/y plant will come on stream in Q4 2008 and will replace the current 100 kt/y PE plant in Gelsenkirchen . The investment in the new project, including the infrastructural improvements at the site, is around €200 million.
“I am pleased that after more than two years of dedicated work, we have decided to start with the construction of the plant,” says Abdullah Bazid, Managing Director Chemicals & Intermediates. “The investment in the Gelsenkirchen site is a positive signal for the site to become even more competitive as against other petrochemical sites in Europe . We will be able to enhance our cost position in Europe and satisfy our customers.”
This investment is in line with SABIC’s growth strategy in
Europe . Koos van Haasteren, Managing Director Polymers says: “This project will further strengthen SABIC’s leading position in the fast growing market for the bimodal pipe business.”