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Oil, Gas, Petrochemical Industry News
News Release from: SABIC
Edited by the Processingtalk Editorial
Team on 07 October 2005
Expansion projects signed by Sharq
New Sharq contracts with Stone and Webster, Foster Wheeler Energy and Linde-KCA-Dresden will implement a mega-expansion project at its complex in the Jubail Industrial city
The Sabic affiliate, Eastern Petrochemical Company (Sharq), has recently entered into three contracts with Stone and Webster and Foster Wheeler Energy from the United Kingdom and Linde-KCA-Dresden from Germany, for the implementation of a mega expansion project at its complex in the Jubail Industrial city The new project's full capacity is expected to go on-stream by 2008
This article was originally published on Processingtalk on 18 Jul 2003 at 8.00am (UK)
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The three contracts were signed by Dr Abdulazzez Al-Jarbu, Chairman, Sharq Board of Directors, Mr Tim Barfield Chief Executive Operations, Stone and Webster, Mr S.J.
Davies Chairman and Chief Executive of Foster Wheeler Energy, and Dr Helmut Honnicke of Linde-KCA-Dresden .
Stone and Webster will carry out the engineering, supply and construction of ethylene plant with a designed annual capacity of 1.3 million MT.
The project completion date is scheduled for 2Q2008.
Foster Wheeler Energy will construct the utilities and offsite (U and O) facilities for the Sharq 3rd Expansion Project, while Linde-KCA-Dresden will engineer, supply and construct the Linear Low Density (LLDPE) and high density (HDPE) polyethylene plants, with total annual capacity of 800,000 MT which is expected to go on-stream by Q2 2008.
Established in 1981, 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 the Mitsubishi group of companies.
Production started in1985.
The first expansion project was completed in 1993 and a second expansion was completed in 2001.
This Sharq expansion project will add 2.8m MT annually to Sabic production which will exceed 5 million MT and will further enhance the Sharq position as the world's largest single producer of Ethylene Glycol.
This will also enhance the Sabic global ranking alongside the other global petrochemicals producers of EG.
Sabic is currently ranked 2nd and is expected to become number one once this project comes on stream.
Sabic is the world's 3rd largest producer of polyethylene and number four for polyolefins.
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