Product category:
Oil, Gas, Petrochemical Industry News
News Release from: SABIC
Edited by the Processingtalk Editorial
Team on 20 July 2006
Korean contract for Al-Jubail
polypropylene plant
Sabic affiliate Ibn Zahr signs LOI with Daelim Industrial for engineering, procurement and construction management services of utilities and off-site facilities for the Polypropylene 3 Project
Saudi European Petrochemical Company, Ibn Zahr, an affiliate of the Saudi Basic Industries Corporation (Sabic) has signed a letter of intent (LOI) with Daelim Industrial Company of South Korea, for the engineering, procurement and construction management services of utilities and off-site facilities for its Polypropylene 3 Plant (under construction) in Al-Jubail, Saudi Arabia The new facilities are planned to be completed in conjunction with the main Polypropylene 3 Plant, by 2nd quarter 2008
This article was originally published on Processingtalk on 18 Jul 2003 at 8.00am (UK)
Related stories
Air separation plant contract for Air Products
National Industrial Gases Company, Saudi Arabia, has awarded a turnkey contract for the engineering, procurement and construction of an air separation plant to Air Products
Middle Eastern Petrochemical industry growth
Mohamed H Al-Mady, SABIC CEO, discusses the evolution of the Middle Eastern petrochemical industry at the National Petrochemical and Refiners Association Conference 2004
The LOI was signed at the Sabic Engineering and Project Management office on behalf of Ibn Zahr by Mr Omar Abdullah Al-Amoudi, Ibn Zahr President; and on behalf of the Daelim group by Mr Jong-Won Na, Vice President, Plant Business Division, Daelim Industrial Company, and Mr Sung-In, Kim, Managing Director, Daelim Saudi Arabia Company.
Mohamed Al-Mady, Sabic Vice Chairman and CEO said, "The new plant will add 500,000 metric tons annual capacity of polypropylene.
This is a thermal plastic product, which forms the basis for a broad segment of downstream industries.
The production of this material is expected to contribute towards the development of the production of the national downstream industries, and strengthen the Sabic competitive capabilities in global markets.
Sabic is the world's sixth largest producer of polypropylene".
Ibn Zahr was the first Sabic joint venture with a European company.
Sabic owns 80% and the remaining percentage is equally owned by Ecofuel of Italy and the Arab Petroleum Investment Corporation (Apicorp).
Ibn Zahr is one of the world's largest producers of MTBE with an annual capacity of 1.6 million metric tons and 640,000 mtpa of polypropylene.
• SABIC: contact details and other news
• Email this article to a colleague
• Register for the free Processingtalk email newsletter
• Processingtalk Home Page
