Saudi Kayan Receives Additional 30M Ethane Gas Allocation
SAUDI KAYAN 2350.SA | 5.37 | 0.00% |
On February 12, 2026, Saudi Kayan Petrochemical Company announced it received approval for an additional ethane gas allocation of 30,000,000 standard cubic feet per day from the Ministry of Energy, bringing its total ethane allocation to 80,000,000 standard cubic feet per day alongside 70,000 barrels per day of butane feed. The company will receive these additional quantities starting mid-2026 or when ethane becomes available, whichever is earlier. The feedstock enhancement requires approximately $162 million in construction costs for projects to meet Ministry of Energy requirements, with positive financial impact expected during the second half of fiscal year 2026.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=93094&anCat=1&cs=2350&locale=arImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.
