Economic Calendar

Friday, November 21, 2008

Sabic Shuts Naphtha Cracker After Fault; Repairs Are Under Way

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By Nidaa Bakhsh

Nov. 21 (Bloomberg) -- Saudi Basic Industries Corp., the world's biggest chemicals maker by market value, is repairing a naphtha cracker plant in the Netherlands after shutting it because of a fault earlier this week.

``We had an incident and we had to flare,'' Susan Haenraets, Sabic's spokeswoman, said by telephone today. A compressor fault on Nov. 18 forced the unit in Geleen to shut down, she said.

Haenraets couldn't say how long the repairs would last.

Naphtha crackers are used in the production of ethylene and propylene, used in plastics for bags and water bottles.

To contact the reporter on this story: Nidaa Bakhsh in London at nbakhsh@bloomberg.net




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