Farabi Petrochemicals Company has inaugurated its fourth integrated Linear Alkyl Benzene (LAB) plant in Yanbu Industrial City, cementing its status as the world’s largest integrated LAB producer. The $950 million state-of-the-art facility adds 120,000 metric tons per year of LAB capacity and is built adjacent to Aramco’s refineries, allowing the use of locally produced kerosene […]
Benzene prices weakened in both the United States and Asia this week, reflecting subdued demand and cautious market sentiment amid growing economic uncertainty. In the United States, downstream buyers are showing restraint. On Wednesday, benzene prices were assessed at 268.00–268.10 cents/gallon FOB US Gulf, marking a $0.01 drop (–1 cent/gallon) compared with last Friday’s levels, […]
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