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Product category: Oil, Gas, Petrochemical Industry News
News Release from: SABIC
Edited by the Processingtalk Editorial Team on 12 September 2005

Foster Wheeler to construct utility
facilities

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SABIC affiliate, Eastern Petrochemical Company (SHARQ), has awarded a contract to Foster Wheeler to construct Utility Offsite Facilities within its expansion project III

SABIC affiliate, Eastern Petrochemical Company (SHARQ), signed a letter of intent on 24 August 2005 to award contracts to Foster Wheeler to construct Utility Offsite Facilities within its expansion project III Mohamed Al-Mady, SABIC Vice Chairman and CEO said, "This SHARQ expansion project will add a total of 2.8m MT annually to SABIC production, including 1.3 million MT of ethylene, 700,000 MT of ethylene glycol, 400,000 MT of linear low density polyethylene (LLDPE), and 400,000 MT of high density polyethylene (HDPE)

This will further enhance the SHARQ position as the world's largest single producer of ethylene glycol and will also enhance the SABIC global ranking.

The above mentioned arrangements will cover engineering, procurement and construction of the plants which will be erected at the SHARQ complex in Al-Jubail, Saudi Arabia, that will be completed by Q1 2008.

The letter of intent was signed by Mohammad Al-Jabri, SHARQ company President, and an executive representative from Foster Wheeler.

SHARQ is a joint venture equally owned by Saudi Basic Industries Corporation (SABIC) and SPDC , a Japanese consortium led by the government of Japan and a consortium of companies led by Mitsubishi.

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