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Product category: Oil, Gas, Petrochemical Industry News
News Release from: SABIC
Edited by the Processingtalk Editorial Team on 21 June 2004

New petrochemical complex in Saudi
Arabia

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SABIC has awarded a programme management service contract for the engineering, procurement and construction of its new petrochemical complex in Yanbu Industrial City to Foster Wheeler Energy

Saudi Basic Industries Corporation has awarded a programme management service contract for the engineering, procurement and construction of its new petrochemical complex in Yanbu Industrial City to Foster Wheeler Energy Details of the new complex were unveiled in December 2003

It will have an annual production capacity of 3.8 million mt/y of ethylene, ethylene glycol, polyethylene, and polypropylene products.

SABIC Vice Chairman and CEO, Mohamed H Al-Mady, said the complex will be a one of the world's largest petrochemical sites and is expected to begin production before the end of 2007, boosting the SABIC contribution to the national economy and enhancing its competitiveness worldwide.

SABIC is currently world number two in Ethylene Glycol production and will become number one following construction.

The company is also third in Polyethylene production, sixth in the Polypropylene and fourth in Polyolefins overall.

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