Product category:
Oil, Gas, Petrochemical Industry News
News Release from: SABIC
Edited by the Processingtalk Editorial
Team on 25 July 2003
Samsung Engineering contract for a
Butene-1 plant
Arabian Petrochemical Company (Petrokemya) has awarded a lump-sum turnkey contract to the Korean company Samsung Engineering for the engineering, procurement and construction of a third Butene-1 plant
Arabian Petrochemical Company (Petrokemya), a wholly owned affiliate of Saudi Basic Industries Corporation (SABIC), has awarded a lump-sum turnkey contract to the Korean company Samsung Engineering for the engineering, procurement and construction of a third Butene-1 plant The facility will be constructed at Al-Jubail Industrial City on the eastern coast of Saudi Arabia, and is scheduled for completion by the first quarter of 2005
This article was originally published on Processingtalk on 18 Jul 2003 at 8.00am (UK)
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Plant capacity will be 130,000 mt per year of butene-1.
The two existing butene-1 plants at Petrokemya already produce 100,000 mt per year.
After the expansion, the affiliate will have a total butene-1 capacity of 230,000 mt per year.
Vice Chairman and CEO of SABIC, Mohamed Al-Mady said: "This expansion reaffirms the SABIC commitment to grow its core business, and moves us closer to achieving our vision of to become one of the world's leading global petrochemical companies.
With this additional plant, we are moving closer to our production target of 48 million mt/y by 2010".
Petrokemya and SABIC Engineering and Project Management jointly undertook the work leading to the contract, which was awarded through an international competitive bidding process.
Other products produced by Petrokemya include ethylene and polystyrene.
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