Saudi SABIC's Yansab starts up Yanbu petchem plant

JEDDAH, July 15 (Reuters) - Saudi Basic Industries Corp 2010.SE unit Yansab 2290.SE has started production from its petrochemical complex in Yanbu, Yansab said in a statement on Wednesday.

The launch of Yanbu National Petrochemical Company 's (Yansab) 18.5 billion riyal complex ($4.93 billion) was delayed from a previously scheduled start up in 2008.

The complex has production capacity of more than 4 million tonnes of petrochemical products annually, including ethylene, ethylene-glycol, proplene, and polyethylene, Yansab said.

SABIC owns 51 percent of Yansab. Yansab shares closed unchanged at 26.8 riyals on Tuesday.

(Reporting by Asma Alsharif; Editing by Simon Webb, via Riyadh newsroom, +966 1 463 2603, asma.alsharif@thomsonreuters.com) ($1=3.750 Saudi Arabian Riyal)